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Real Estate Purchase Agreement

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What Is A Real Estate Purchase Agreement?

A real estate purchase agreement form is a binding contract between two or more parties with legal capacity for purchase, exchange or other conveyance of property. This document is also known as a Home sale contract. A real estate purchase agreement form should be certified by all parties involved and it is based on a legal “consideration”. It means that the property should be exchanged for monetary compensation. Consideration could also be another ownership in exchange. Completing such a document it is necessary to outline the terms of the deal between the buyer and the seller. It is also advisable to include the following:

  • identification information of the parties involved (full names and contact details of the buyer and the seller);

  • significant details (rights and obligations);

  • condition of the property;

  • taxes (compulsory contribution imposed on the land);

  • type of payment (amount of the deposit, closing costs);

  • terms of possession;

  • signatures.

Consider consulting a professional attorney or an agent before completing the document. In addition, you can increase your chances to succeed if you prepare a real estate agreement form correctly. For this reason you are able to find an appropriate fillable template online and fill it out according to your needs. Note that you are provided with ability to put a signature electronically by typing, drawing or uploading.

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