Get Contract For Purchase Of Residence Or Other Real Estatedoc

Filling out the contract for purchase of residence or other real estate online can seem daunting, but with the right guidance, it can be a straightforward process. This comprehensive guide will help you navigate through each section of the document with ease.

Follow the steps to successfully complete your real estate purchase contract.

1. Click the ‘Get Form’ button to obtain the form and open it in the editor.
2. In the first section, you need to fill in the date of the contract, along with the names and addresses of both the seller and buyer. Be sure to provide accurate information to avoid future complications.
3. Next, indicate the property’s location that is being sold, ensuring that all details are clear and precise.
4. The purchase price section is crucial. Enter the total purchase price, the deposit amount, the mortgage amount, and the balance to be paid at the closing, which should be certified funds.
5. Fill in the details of who will hold the deposit monies in trust until closing.
6. Specify the date and location of the closing in the relevant field, and remember that timing is important.
7. In the transfer of ownership section, confirm that ownership will be transferred at closing and note the type of deed to be provided.
8. Indicate which personal property and fixtures are included in the sale, and list any exclusions clearly.
9. Make sure to acknowledge the property’s condition 'as is' in the relevant section, confirming that the seller makes no promises about the property's condition.
10. Note any limits on repairs that the seller is responsible for.
11. Fill in the understanding of the property’s compliance with local ordinances and specify who is responsible for obtaining necessary municipal certificates.
12. Address the risk of loss section, ensuring both parties understand the seller's responsibilities until closing.
13. Clarify the property lines and the survey conditions, if applicable.
14. In the ownership clause, confirm that the property will be transferred free of claims except for any recorded easements.
15. Address title insurance arrangements and who will cover associated costs.
16. Identify any adjustments that will occur at closing, such as taxes or fees.
17. Specify the possession terms for the buyer.
18. Confirm the circumstances under which the buyer may be liable for damages if they refuse to complete the purchase.
19. Acknowledge that this document serves as the complete agreement between the parties, superseding previous agreements.
20. Ensure that the parties are aware of who is bound by this contract, including heirs and successors.
21. Establish how notices should be communicated between the parties.
22. Enter the commission fee details for the broker, if applicable.
23. Confirm whether the agreement is assignable and under what conditions.
24. Acknowledge that this document serves as the buyer’s offer to purchase.
25. Finally, indicate the right to legal representation for the buyer by signing the document.

Complete your document online today for a seamless transaction!