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A legally binding contract for the sale of residential real estate in Kentucky, covering terms, conditions, and responsibilities of buyers and sellers in a real estate transaction.
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How to fill out residential sales contract

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How to fill out residential sales contract

01
Begin by entering the date at the top of the contract.
02
Fill in the names of all parties involved in the transaction.
03
Provide the property address and legal description.
04
Specify the purchase price of the property.
05
Outline the earnest money deposit amount and terms.
06
Define any contingencies that must be met.
07
Complete the section on closing procedures and date.
08
Review the terms for any repairs or home warranties.
09
Include disclosure information as required by law.
10
Ensure all parties sign and date the contract.

Who needs residential sales contract?

01
Home buyers looking to purchase residential property.
02
Home sellers wishing to formalize a sale.
03
Real estate agents facilitating the transaction.
04
Lenders requiring documentation for financing.
05
Attorneys advising clients on real estate transactions.
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A residential sales contract is a legally binding agreement between a buyer and a seller for the sale of a residential property, outlining the terms and conditions of the sale.
Typically, it is required for the seller or their agent to file the residential sales contract with the appropriate authorities or agencies involved in the real estate transaction.
To fill out a residential sales contract, you should provide all necessary information including buyer and seller details, property description, purchase price, contingencies, and closing date, and ensure that both parties sign the document.
The purpose of a residential sales contract is to formalize the agreement between the buyer and seller, specifying all essential terms to protect the interests of both parties during the transaction.
The information that must be reported on a residential sales contract includes the names of the buyer and seller, property address, sale price, financing details, contingencies, and closing date.
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