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Tate Contract 4.0 ( Multi-Board Contract 4.0 ). The Illinois Real Estate Lawyers Association ( IRELA ), in consultation with local bar associations and several boards of Realtors , has drafted this standard form contract for use in the six-county Chicago metropolitan area. This electronic version has been prepared to facilitate the completion of the contract. You are urged to regularly check the IRELA website or your real estate board website for updated PDF versions containing further.

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How to fill out the Real Estate Contract online

This guide offers step-by-step instructions for completing the Multi-Board Residential Real Estate Contract 4.0 online. Designed for users with varying levels of experience, this resource ensures clarity and support throughout the process.

Follow the steps to fill out the Real Estate Contract effectively.

  1. Press the ‘Get Form’ button to access the Multi-Board Residential Real Estate Contract 4.0 and open it in the appropriate editor for filling out.
  2. Begin by entering the names of the Buyer(s) and Seller(s) in the designated fields. Ensure that all names are printed clearly for accurate documentation.
  3. Specify the real estate property details, including its common name, the approximate lot size or acreage, and the complete address with city, state, and zip code.
  4. Indicate included fixtures and personal property that will be conveyed with the real estate. Check or enumerate applicable items from the provided list.
  5. Fill in the purchase price and outline the payment method, including the initial earnest money and any necessary financing details.
  6. Provide the closing date and specify the method of closing, ensuring that it is agreed upon by both the Buyer and Seller.
  7. Outline the possession details, confirming when possession is to be delivered to the Buyer.
  8. Complete any applicable disclosures regarding lead-based paint and other required inspections or contingencies.
  9. Finalize by reviewing all entered information for accuracy and completeness.
  10. Once completed, save your changes, then download, print, or share the filled contract as needed.

Complete your Real Estate Contract online today and ensure a smooth transaction!

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A Mortgage Agreement is a contract between a borrower (called the mortgagor) and the lender (called the mortgagee) where a lien is created on the property in order to secure repayment of the loan.

A purchase agreement is the most common type of real estate agreement. This contract specifies the details regarding the sale of property. It will include the address of the property, the price, names of both parties, signatures of both parties, and the closing date.

A mortgage note is the document that you sign at the end of your home closing. It should accurately reflect all the terms of the agreement between the borrower and the lender or be corrected immediately if it doesn't.

It outlines the expectations of the homebuyer and seller. Real estate contracts need to be in writing to be enforceable. A real estate contract generally covers terms of finance, seller assist, home inspection, fixture and appliances, closing date, sale of existing home, etc.

In real estate, a home is under contract when a buyer and seller have signed and dated a legal document to purchase a home. The written agreement provides details about both parties and the property being purchased, along with a breakdown of the price and costs involved in the transaction.

A mortgage is an agreement between you and a lender that gives the lender the right to take your property if you fail to repay the money you've borrowed plus interest. Mortgage loans are used to buy a home or to borrow money against the value of a home you already own.

You may cancel this contract, without any penalty or obligation, at any time prior to midnight of the third business day after the date the contract is signed. If you cancel, any payment made by you under this contract will be returned within ten days following receipt by the seller of your cancellation notice.

As a type of specialty home financing, a land contract is similar to a mortgage. However, rather than borrowing money from a lender or bank to buy real estate, the buyer makes payments to the real estate owner, or seller, until the purchase price is paid in full.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232