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This document is a legally binding Real Estate Purchase Agreement between LCM Corporation, acting as the Seller, and the Buyer for the sale of land located at 2015 W. Pembroke Avenue, Hampton, Virginia, subject to Bankruptcy Court Approval. The terms include purchase price, deposit, contingencies, and disclosures regarding the property, including fair housing, settlement expenses, default clauses, and attorney\'s fees.
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How to fill out real estate purchase agreement
How to fill out real estate purchase agreement
01
Begin with the date of the agreement.
02
Identify the parties involved (buyer and seller).
03
Include a legal description of the property.
04
Specify the purchase price and payment details.
05
Set terms for contingencies (e.g., financing, inspections).
06
Outline the closing date and any possession details.
07
Address any special provisions or conditions.
08
Ensure both parties sign and date the agreement.
Who needs real estate purchase agreement?
01
Buyers looking to purchase property.
02
Sellers wanting to sell their property.
03
Real estate agents facilitating the transaction.
04
Financial institutions providing financing.
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What is real estate purchase agreement?
A real estate purchase agreement is a legally binding contract between a buyer and a seller that outlines the terms and conditions for the sale of a property.
Who is required to file real estate purchase agreement?
Typically, the buyer and seller are responsible for executing and filing the real estate purchase agreement, often with the help of their real estate agents or legal representatives.
How to fill out real estate purchase agreement?
To fill out a real estate purchase agreement, you need to provide details such as buyer and seller information, property description, sale price, payment terms, contingencies, and closing date.
What is the purpose of real estate purchase agreement?
The purpose of a real estate purchase agreement is to formalize the sale transaction by detailing the terms agreed upon by the buyer and seller, ensuring clarity and legal protection for both parties.
What information must be reported on real estate purchase agreement?
Information that must be reported includes the names of the parties involved, a description of the property, purchase price, deposit amount, financing terms, and special conditions or contingencies.
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