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This purchase agreement outlines the terms and conditions for the sale of a property located at 2765 Fixler Rd, Medina, OH, as part of a court-ordered auction by the Medina County Court of Common Pleas. The agreement includes details about the property, payment terms, and conditions under which the sale is conducted, including its \'as is\' condition and subject to existing mortgages and zoning laws.

How to fill out purchase agreement

How to fill out purchase agreement

1. Title: Begin with a clear title at the top of the document stating 'Purchase Agreement'.
2. Parties: Identify the buyer and seller by including their full names and addresses.
3. Property Description: Provide a detailed description of the property being sold, including address, legal description, and any fixtures included.
4. Purchase Price: Clearly state the purchase price and any deposit being made by the buyer.
5. Payment Terms: Outline the payment terms and methods, including down payment and financing options if applicable.
6. Closing Date: Specify the anticipated closing date and any contingencies related to it.
7. Seller's Disclosure: Include a section for the seller to disclose any known issues or defects related to the property.
8. Signatures: Ensure both the buyer and seller sign and date the agreement to indicate their acceptance of the terms.

Who needs purchase agreement?

1. Buyers: Individuals or entities looking to purchase property need a purchase agreement to formalize their intent and secure the transaction.
2. Sellers: Property owners who want to sell their property require a purchase agreement to establish the terms of sale with buyers.
3. Real Estate Agents: Agents facilitate transactions and use purchase agreements to ensure clear communication between buyers and sellers.
4. Attorneys: Legal professionals often draft or review purchase agreements to protect their clients' interests during a real estate transaction.

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What is purchase agreement?

A purchase agreement is a legally binding contract between a buyer and seller outlining the terms of the sale of goods or property.

Who is required to file purchase agreement?

Typically, the buyer is required to file the purchase agreement, but both parties may need to sign and retain copies for their records.

How to fill out purchase agreement?

To fill out a purchase agreement, include the names of the buyer and seller, a description of the item being sold, the sale price, payment terms, and signatures of both parties.

What is the purpose of purchase agreement?

The purpose of a purchase agreement is to outline the terms and conditions of the sale, protect the interests of both parties, and serve as a legal document in case of disputes.

What information must be reported on purchase agreement?

Information that must be reported includes the names and addresses of the buyer and seller, details of the item or property for sale, purchase price, payment terms, and signature of both parties.