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Any purchase agreement should include at least the following information: The identity of the buyer and seller. A description of the property being purchased. The purchase price. The terms as to how and when payment is to be made. The terms as to how, when, and where the goods will be delivered to the purchaser.

A purchase and sale agreement is used to document the parties' intentions and the terms they have agreed will govern the transaction. You can include specific terms like the product or property, the price of the product or property, conditions for the delivery of the product, and the date of product delivery.

Typically, the buyer's agent writes up the purchase agreement. However, unless they are legally licensed to practice law, real estate agents generally can't create their own legal contracts. Instead, firms will often use standardized form contracts that allow agents to fill in the blanks with the specifics of the sale.

An Illinois residential purchase and sale agreement is a document that is drafted, filled, and signed by the parties involved in the sale of a property in the state of Illinois. It is legally binding and contains all the information required by law to make such transactions legal.

If you don't want to spend time or money fixing your property, you sell it as-is. You don't shell out a dime on repairs when selling a house as is in Illinois and attract cash buyers. You can get cash offers of up to 100% of the property's Fair Market Value.

A Contract for Deed is a way to buy a house that doesn't involve a bank. The seller finances the property for the buyer. The buyer moves in when the contract is signed. The buyer pays the seller monthly payments that go towards payment for the home.