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This document serves as a purchase contract prepared by the Columbus REALTORS® and the Columbus Bar Association for their REALTOR® members. It outlines the terms for a real estate transaction, including clauses related to financing, inspections, earnest money deposits, and various responsibilities of the Buyer and Seller during the process.

How to fill out real estate purchase contract

How to fill out real estate purchase contract

1. Begin by downloading or obtaining a real estate purchase contract template.
2. Fill out the date at the top of the contract.
3. Enter the buyer's full legal name and contact information.
4. Enter the seller's full legal name and contact information.
5. Provide the property address and legal description of the property being sold.
6. Specify the purchase price agreed upon by both parties.
7. Include the earnest money deposit amount and the conditions for its return.
8. Define the closing date and any contingencies (such as financing or inspections).
9. Include details about any items included in the sale (appliances, fixtures, etc.).
10. Both parties should sign and date the contract, making sure to keep copies for their records.

Who needs real estate purchase contract?

1. Home buyers purchasing residential properties.
2. Sellers who are listing their properties for sale.
3. Real estate agents facilitating transactions between buyers and sellers.
4. Investors acquiring properties for rental or flipping.
5. Legal professionals overseeing the transaction process.

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What is real estate purchase contract?

A real estate purchase contract is a legally binding agreement between a buyer and a seller that outlines the terms and conditions of the sale of real property.

Who is required to file real estate purchase contract?

Typically, the buyer and seller, along with their real estate agents and attorneys, are required to file the real estate purchase contract.

How to fill out real estate purchase contract?

To fill out a real estate purchase contract, provide necessary information such as the property description, sale price, earnest money deposit, financing details, and any contingencies or special conditions.

What is the purpose of real estate purchase contract?

The purpose of a real estate purchase contract is to protect the interests of both the buyer and the seller by clearly stating the terms of the sale and establishing the obligations of each party.

What information must be reported on real estate purchase contract?

Essential information includes the names of the parties, a detailed property description, sales price, financing details, inspection contingencies, closing date, and any special conditions.