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CONTRACT FOR THE SALE AND PURCHASE OF REAL ESTATE NO BROKER For good and valuable consideration the receipt and sufficiency of which is hereby acknowledged Seller whether one or more and Buyer whether one or more do hereby covenant contract and agree as follows AGREEMENT TO SALE AND PURCHASE Seller agrees to sell and Buyer agrees to buy from Seller the property described as follows complete adequately to identify property County West Virginia. Address Legal Description or see attached...
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How to fill out blank real estate contract

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How to fill out real estate purchase agreement:

01
Begin by entering the full legal names and contact information of both the buyer and seller.
02
Provide a detailed description of the property being sold, including the address, legal description, and any included fixtures or appliances.
03
Specify the purchase price and how it will be paid, including any applicable financing or down payment.
04
Outline any contingencies or conditions that must be met for the sale to proceed, such as inspections, appraisals, or financing approval.
05
Include a timeline for the completion of the transaction, including the closing date and any additional deadlines.
06
Address the allocation of closing costs, such as who will be responsible for paying for the title search, surveys, and transfer taxes.
07
Include any additional terms or agreements that have been negotiated between the buyer and seller, such as repairs or seller concessions.
08
Attach any necessary addendums or disclosures, such as lead-based paint disclosures or homeowner association documents.
09
Sign and date the agreement, ensuring that all parties involved in the transaction have properly executed the document.

Who needs real estate purchase agreement:

01
Anyone buying or selling real estate, whether it is residential or commercial property, can benefit from having a written purchase agreement.
02
Real estate agents or brokers often use purchase agreements to formalize the terms of a sale between their clients.
03
Lenders may require a purchase agreement as part of the loan application process to ensure the property has a clear title and is being sold at a fair market value.

Who needs the Sale and purchase contract of real estate?

This document is filled out when individuals want to buy or sell real estate without brokers. The contract is used in the state of West Virginia.  

What is the Sale and purchase contract of real estate for?

The contract provides detailed information about the seller and buyer of real estate; the description of the real estate; the purchase price and the earnest money of the contract; the type of financing; property conditions, etc. The contract is very detailed, as it is signed without a broker’s services. This document has legal force and is very useful in case any disputes between the parties arise.

What documents must accompany the contract?

The contract is usually accompanied by other documents including an insurance policy, inspection forms, financing plan, etc. The parties agree on the required documentation before signing the contract.

When is the contract due?

The due date of the agreement is stipulated in the text.

What information should be provided in the contract?

While filling out the agreement, the parties have to complete the following sections:

  • Agreement to sale and purchase

  • Sales price

  • Financing

  • Earnest money

  • Property condition

  • Closing date of the sale

  • Information about the title and conveyance

  • Appraisal, survive and termite inspection

  • Possession and title

  • Closing cost and expenses

  • Prorations

  • Casualty loss

  • Default

  • Attorney fees

  • Representations

  • Federal tax requirements

  • Notices to the buyer and to the seller

  • Eminent domain

  • Other provisions

  • Deadline list

  • Descriptions of any kind

  • Acknowledgement of earnest money receipt

The contract must be signed by the buyer and by the seller and each page of this contract should contain the initials of the both parties.

What do I do with the contract after its completion?

The completed and signed contract is kept by both the buyer and the seller as well for personal record. The contract is signed in two copies, one for each party.

Video instructions and help with filling out and completing blank real estate contract

Instructions and Help about real estate contract form

This is Sharon born Holt and I wanted to take just a couple of minutes today and talk about the sales and purchase agreement I get so many questions about filling out one of these contracts, and it's really very simple what I have here is the actual agreement that I use in my business it was drafted by my closing attorney, and it is the one that he uses when he buys an investment property it is drop-dead simple to use it is a one-page very simple contract and in Kentucky you any well anyone can use this sort of form now if you are a licensed real estate agent then you are probably going to have to use board of realtor forms, and we also have an investor form here for that, but I'm going to go through this quickly I have a little disclaimer that I'm in the state of Kentucky so be sure to check with your attorney or your closing people and be sure that this form is okay to use in your state so the first thing that we do is to of course fill in the date you want to have the date that you are signing the contract of filling out the contract put that date up there and then this next part says that they give the described property, and they will list the deed book in the page now you don't have to fill that out your closing company can fill that out I usually go ahead and put it in here for the to be closing it's listed on our PVA or tax assessor site, so I will put that in there now you wouldn't put that in there if you're double closing for the BTC closing because you won't know what that is until the to be closing is actually recorded so until you get used to doing this I would just leave that blank because they're going to check that anyway so then next I put my accounting which is Jefferson County in the state of Kentucky you would need to fill in that blank and these are things that I have plugged into my form, so they say stay there, and I've highlighted them just so that's a little easier for you to read now I always buy property in a Land Trust and I always buy it in the address of the property so in this instance I have put 1 2 3 Main Street Land Trust Louisville Kentucky 402 4 1 the reason I do that is because if you start naming your land trusts something like the blue dollar Land Trust and the red farmland trust and all of that you will never be able to figure out down the road if you need to get your hands on these contracts or these pieces of paper what the heck they are, so it's just easy to name them in this manner you really don't want to be buying property in your personal name anyway for liability reasons, so the next thing is how much am I paying the sum of, and I just put $50,000 in here for adjust the amount, so you want to spell it out, and you want to have numbers for clarification this stays in my contract how am I going to pay them for the property all cash your closing you put this in if it doesn't matter if you're getting money from a private lender if you're using a duster friendly bank you're using your IRA doesn't...

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1. Buyer Information: The buyer information section should include the buyer’s name(s), address, and contact information. 2. Seller Information: The seller information section should include the seller’s name(s), address, and contact information. 3. Property Description: The property description section should include a full description of the property being purchased, including the address, a legal description, and any other relevant details. 4. Purchase Price: The purchase price section should include the total amount of the purchase price, including any taxes or fees. 5. Closing Date: The closing date section should include the date on which the sale is expected to close, as well as any other conditions that must be met in order for the sale to close. 6. Contingencies: The contingencies section should include all the conditions that must be met in order for the sale to go through. 7. Deposit: The deposit section should include the amount and method of the deposit, as well as the date upon which it must be paid. 8. Financing: The financing section should include information about the type of loan being used and any other relevant details. 9. Representations and Warranties: This section should include any representations and warranties that the buyer or seller is making in regards to the sale. 10. Signatures: The signature section should include the signatures of both the buyer and the seller, as well as the date on which they signed.
The deadline to file a real estate purchase agreement in 2023 will depend on the state and local regulations. Generally, most real estate purchase agreements must be filed within a certain number of days after the purchase agreement is signed. It is best to check with your local real estate attorney or title company for specific deadlines.
A real estate purchase agreement is a legally binding contract between a buyer and a seller that outlines the terms and conditions for the purchase and sale of a property. It includes important details such as the purchase price, closing date, financing terms, contingencies, and other conditions necessary for the transaction to be completed. The agreement serves to protect the interests of both parties involved in the real estate transaction.
The buyer and seller are both typically required to file a real estate purchase agreement. The buyer files it to initiate the purchase process, and the seller files it to acknowledge their acceptance of the terms and conditions.
The purpose of a real estate purchase agreement is to legally document the terms and conditions of a sale between a buyer and seller of real estate. It outlines the specific details and obligations of both parties, including the purchase price, property description, financing arrangements, contingency clauses, closing date, and any other relevant provisions. The agreement serves as a binding contract that protects the interests of both parties and helps ensure a smooth and legally enforceable real estate transaction.
When drafting a real estate purchase agreement, the following information must be included: 1. Identification of Parties: The agreement should clearly state the names of the buyer(s) and seller(s) involved in the transaction. 2. Property Description: A detailed and accurate description of the property being sold should be provided, including the address, legal description, and any other relevant details. 3. Purchase Price: The agreed-upon purchase price should be stated clearly. This amount may be payable in cash or financed through a mortgage or other financing options. 4. Earnest Money Deposit: The amount of earnest money, if any, that the buyer is required to provide as a good faith deposit should be specified. This deposit is often held in escrow until closing. 5. Contingencies: Any conditions or contingencies that must be satisfied for the sale to proceed should be outlined, such as obtaining financing, satisfactory inspection results, or the sale of the buyer's existing property. 6. Closing Date: The anticipated date of closing, which is when the ownership of the property transfers from the seller to the buyer, should be agreed upon. 7. Closing Costs: The responsible party for paying various closing costs, such as title insurance, recording fees, transfer taxes, and attorney fees, should be determined. 8. Financing Terms: If the buyer intends to finance the purchase with a mortgage, the agreement should include information about the loan amount, interest rate, and any other relevant financing terms. 9. Property Condition: The agreement should state whether the property will be sold "as-is" or if the seller is providing any warranties or guarantees regarding its condition. 10. Disclosure Obligations: The seller may be required to provide certain disclosures about the property, such as known defects, legal disputes, or environmental hazards. 11. Default and Remedies: The consequences of default by either party, such as the forfeiture of earnest money or the right to sue for specific performance, should be outlined. 12. Additional Terms: Any other terms or provisions negotiated between the parties, such as prorated property taxes or personal property included in the sale, should be clearly addressed. It's important to note that the specific requirements for a real estate purchase agreement may vary depending on local regulations and practices. Consulting with a real estate attorney or agent can ensure that all necessary information is included in the agreement.
The penalty for the late filing of a real estate purchase agreement can vary depending on the jurisdiction and specific circumstances. In some cases, there may not be a specific penalty for late filing, but it could lead to potential consequences such as loss of certain rights or benefits associated with the agreement. However, in other cases, there may be specific penalties outlined in local laws or regulations. It is advisable to consult with a legal professional or review the specific laws and regulations in your jurisdiction to determine the exact penalty for the late filing of a real estate purchase agreement.
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