Purchase Contract; Receipt - Residential: This contract contains the details and duties of each party, both Buyer and Seller, when purchasing residential property. Both the Buyer and Seller must sign this document in front of a Notary Public, stating that both understand his/her duties, with respect to the purchase of the residential property. This form is available in both Word and Rich Text formats.
Arizona Purchase Contract and Receipt - Residential
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In real estate, a purchase agreement is a binding contract between a buyer and seller that outlines the details of a home sale transaction. The buyer will propose the conditions of the contract, including their offer price, which the seller will then either agree to, reject or negotiate.Real estate purchase contract.
A real estate deal can take a turn for the worst if the contract is not carefully written to include all the legal stipulations for both the buyer and seller.You can write your own real estate purchase agreement without paying any money as long as you include certain specifics about your home.
A real estate deal can take a turn for the worst if the contract is not carefully written to include all the legal stipulations for both the buyer and seller.You can write your own real estate purchase agreement without paying any money as long as you include certain specifics about your home.
1 Access The Desired Real Estate Template To Record A Purchase Agreement. 2 Introduce The Agreement, Seller, Buyer, And Concerned Property. 3 Define The Basic Terms Of The Real Estate Purchase. 4 Record Any Property The Buyer Must Sell To Complete This Purchase.
Buyer's Inspection Contingency. Essentially, this contingency conditions the closing on the buyer receiving and being happy with the result of one or more home inspections. Financing Contingency. Insurance-Related Contingencies. Appraisal Contingency. Other Contingencies.
Identifying the Address and Parties Involved. First and foremost, a purchase agreement must outline the property at stake. Price and Terms. Closing Date and Costs. Real Estate Taxes and Special Assessments. Homestead Classification. Delivery, Acceptance Date, and Offer Expiration. Default. Counter Offer.
Buyer and seller information. Property details. Pricing and financing. Fixtures and appliances included/excluded in the sale. Closing and possession dates. Earnest money deposit amount. Closing costs and who is responsible for paying.
At the top of the page, you should center the title between the left- and right-hand margins. Title your document something like Purchase and Sale Agreement or Agreement to Purchase Real Estate. Identify the parties to the sale. You need to identify the purchaser and the seller at the start of your agreement.
Offer price. Amount of earnest money. Amount of down payment. Closing date. Personal property included. Seller contribution to Buyer closing costs, if any. Escrow company. Home warranty.