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When recorded return to: REAL ESTATE CONTRACT (RESIDENTIAL SHORT FORM) ANY OPTIONAL PROVISION NOT INITIALED BY ALL PERSONS SIGNING THIS CONTRACT-WHETHER INDIVIDUALLY OR AS AN OFFICER OR AGENT -- IS
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How to fill out real estate contract residential

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How to fill out a real estate contract residential:

01
Start by carefully reviewing the entire contract. Read each clause and ensure that you understand the terms and conditions stated in the contract. If there are any sections that you are unsure about, seek advice from a real estate attorney or agent.
02
Begin by filling out the names of both the buyer and the seller in the designated spaces. Make sure to provide accurate and up-to-date contact information for both parties.
03
Include the address of the property being sold. This should be a complete and accurate description of the property, including the street name and number, city, state, and zip code.
04
Specify the purchase price agreed upon by both parties. This should be a clear and unambiguous figure. If there are any contingencies or additional terms related to the purchase price, make sure to include them as well.
05
Outline the terms of financing, if applicable. If the buyer is obtaining a mortgage or financing the purchase in any way, state the details of the loan, including the loan amount, estimated interest rate, and any requirements for down payment or closing costs.
06
Include any contingencies or conditions that must be met for the contract to be valid. This may include inspections, repairs, or obtaining specific approvals from local authorities or homeowners' associations.
07
Specify the closing date, which is the date on which the ownership of the property is transferred from the seller to the buyer. Make sure to allow ample time for necessary inspections, appraisals, and financing arrangements to be completed.
08
Outline any additional terms or conditions that both parties have agreed upon. This may include stipulations regarding property access, transfer of utilities, or any unique agreements that are specific to the transaction.

Who needs a real estate contract residential?

01
First-time home buyers: If you are purchasing your first home, it is crucial to have a real estate contract to protect your interests and ensure that all terms of the transaction are clearly defined.
02
Sellers: Sellers also need a real estate contract residential to outline the terms of the sale and protect themselves from any potential legal complications. It provides a framework for the transaction and helps avoid disputes.
03
Real estate agents: Real estate agents handle many aspects of the buying and selling process. They need a residential real estate contract to ensure that they are fulfilling their duties, following legal requirements, and protecting their clients' interests.
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A real estate contract residential is a legal agreement between a buyer and a seller for the purchase of a residential property.
The buyer and seller of the residential property are required to file the real estate contract residential.
The real estate contract residential can be filled out by providing all the required information such as the details of the property, the agreed purchase price, and any additional terms and conditions.
The purpose of the real estate contract residential is to outline the terms and conditions of the sale of a residential property and to ensure both parties are in agreement.
The real estate contract residential must include details of the property, the purchase price, any contingencies, and the signatures of both the buyer and seller.
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