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REAL ESTATE PURCHASE AGREEMENT This Agreement is made ___, 2022, by and between SARAH A. BURBAGE, Seller, and the CITY OF COLONIAL HEIGHTS, VIRGINIA, a Virginia municipal corporation, Purchaser. FOR
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How to fill out 1 real estate purchase

01
Gather necessary personal and financial documents (e.g., ID, proof of income, credit report).
02
Determine your budget and get pre-approved for a mortgage if necessary.
03
Research the real estate market and identify properties that meet your criteria.
04
Hire a real estate agent to assist with the process.
05
Visit and inspect the properties of interest.
06
Make an offer on the desired property through your agent.
07
Negotiate the terms of the sale with the seller.
08
Once your offer is accepted, conduct a home inspection.
09
Finalize the mortgage details with your lender.
10
Review and sign the purchase agreement.
11
Complete any remaining financing steps and closing preparations.
12
Attend the closing meeting to sign final documents and transfer funds.
13
Receive the keys to your new property.

Who needs 1 real estate purchase?

01
First-time homebuyers looking for a place to live.
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Real estate investors seeking rental properties or flips.
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Individuals or families relocating to a new area.
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Anyone looking to downsize or upgrade their living situation.
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People wanting to buy vacation homes or second properties.
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A real estate purchase involves acquiring ownership of property, which can include land, residential homes, or commercial buildings.
Typically, the buyer and the seller of the property are required to file documentation related to the real estate purchase with local authorities.
To fill out a real estate purchase, parties should complete a purchase agreement that includes details such as property description, purchase price, and terms of sale, and have it signed by both parties.
The purpose of a real estate purchase is to transfer ownership of the property from the seller to the buyer, providing the buyer with legal rights to the property.
Information that must be reported includes the names of the buyer and seller, property address, sale price, and any applicable taxes or fees.
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