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This document outlines the agreement between the City of Oregon City as Seller and Clackamas County Vector Control District as Buyer concerning the sale of approximately 3.20 acres of real property

How to fill out real estate contract

How to fill out real estate contract

1. Start by downloading or obtaining a real estate contract template suitable for your jurisdiction.
2. Enter the date at the top of the contract.
3. Identify the parties involved: include the full names and addresses of the buyer(s) and seller(s).
4. Describe the property: provide the legal description, physical address, and any additional property details.
5. Specify the purchase price: clearly state the total amount the buyer is offering for the property.
6. Outline the payment terms: include details on deposits, financing arrangements, and payment schedule.
7. Include contingencies: state any conditions that must be fulfilled for the sale to proceed (e.g., financing, inspections).
8. Set a closing date: choose a date for when ownership will officially transfer.
9. Disclose property conditions: include provisions for the condition of the property and any known defects.
10. Add signatures: ensure all parties sign the contract, dated appropriately to make it legally binding.

Who needs real estate contract?

1. Real estate contracts are needed by buyers and sellers involved in the purchase or sale of property.
2. Real estate agents use contracts to facilitate transactions between buyers and sellers.
3. Lenders require contracts to process mortgage applications and financing approvals.
4. Title companies use contracts to ensure the terms of the sale are clear and enforceable.
5. Investors in real estate need contracts to formalize purchase agreements.

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What is real estate contract?

A real estate contract is a legally binding agreement between parties for the buying, selling, leasing, or transferring of property.

Who is required to file real estate contract?

Typically, the buyer or seller is required to file the real estate contract, often facilitated by the real estate agent or attorney involved in the transaction.

How to fill out real estate contract?

To fill out a real estate contract, parties must include the parties' names, property description, sale price, contingencies, and signatures. It is advisable to consult a real estate agent or attorney for guidance.

What is the purpose of real estate contract?

The purpose of a real estate contract is to outline the terms and conditions of a property transaction, ensuring that all parties have a clear understanding of their rights and obligations.

What information must be reported on real estate contract?

The information that must be reported on a real estate contract includes the parties' details, property address, purchase price, deposit amount, closing date, and any agreed-upon contingencies or conditions.