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How to use or fill out purchase contract with our platform
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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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Purchaser reserves the right to obtain alternative financing as long as there are no increased costs to Seller. □ Assumption. See attached Addendum. □ ContractRead more
A buyer under an executory contract for sale who is not in default is entitled to rescind the contract and recover all purchase money paid with interest, alongRead more
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