How to use or fill out purchase contract with our platform
- Click ‘Get Form’ to open the purchase contract in the editor.
- Begin by filling in the Seller and Purchaser sections with the respective names, addresses, and zip codes. Ensure accuracy as this information is crucial for legal purposes.
- Next, specify the Real Property's address or location. This identifies the property involved in the transaction.
- Indicate how the title will be taken by selecting one of the options: Sole and Separate Property, Community Property, Joint Tenants with Right of Survivorship, or Tenants in Common.
- Provide a detailed legal description of the real property. This may require consulting public records or a legal professional.
- List any personal property included in the sale and detail proration of expenses such as taxes and insurance. Fill out each item with percentages for both Seller and Purchaser.
- Complete the Purchase Price and Terms section, including down payment details and earnest money options. Be clear about how funds will be handled at closing.
- Fill in critical dates for acceptance of proposal, close of escrow, and possession date to ensure all parties are aligned on timelines.
- Review additional provisions carefully to understand your rights and obligations before finalizing your entries.
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