N "WCBA" AND ROCKFORD AREA ASSOCIATION OF REALTORS® "RAAR" CONTRACT FOR PURCHASE AND SALE For Use With New Single Family Residences Under Construction Which Are Substantially Complete (Roofed, Roughed-In, Enclosed, With Finished Drywall) (Complete All Blanks And Delete Inapplicable Language) LISTING OFFICE: LOF #: Listing Agent: Seller's Attorney: PHONE: # SELLING OFFICE: SOF #: Buyer's Agent: Buyer's Attorney: . PHONE: . # . . Designated agents of the Listing Broker are agents of the.
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How to fill out the WI Contract for Purchase and Sale online
The WI Contract for Purchase and Sale is a vital document for purchasing new single-family residences under construction. This guide will provide clear and concise instructions on filling out the form online, ensuring a smooth process for all users, regardless of their legal experience.
Follow the steps to complete the form accurately and efficiently.
- Click ‘Get Form’ button to obtain the form and open it in the online editor.
- Begin by entering the 'listing office' and 'selling office' details, including the office numbers and agent names. Ensure all relevant information is complete.
- In the 'Confirmation of Consent to Dual Agency' section, indicate if dual agency applies by filling in the licensee's name and securing initials from both the seller and buyer.
- Enter the seller's and buyer's contact information, including phone numbers and addresses. Accuracy is crucial for future communication.
- Describe the real estate being purchased, providing its common name and legal description. Include the Property Identification Number (PIN) for precise identification.
- Detail the earnest money amount and the due date for its payment by the buyer, as well as any financing contingencies that apply.
- Complete the obligations of the buyer, making sure to fill in details on obtaining a mortgage loan commitment, specifying any financing options.
- Indicate the closing date and ensure that all responsibilities regarding the property's condition at closing are acknowledged.
- Specify prorations for rents, utilities, taxes, and any other items. This section is essential for establishing how costs will be divided.
- Review and complete any additional clauses or optional standard clauses, ensuring that initials are provided where necessary.
- Both the buyer and seller should sign and date the contract after all sections are carefully reviewed and confirmed.
- Finally, save the changes made to the form, and download, print, or share it as required for your records.
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