Chicago Association Realtors Residential Real Estate Purchase & Sale Contract 2012-2025 free printable template
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CHICAGO ASSOCIATION OF REALTORS RESIDENTIAL REAL ESTATE PURCHASE AND SALE CONTRACT single family home/fee simple townhome Rev. 01/2012 1. Contract. This Residential Real Estate Purchase and Sale Contract Contract is made by and between Buyer and Seller collectively Parties with respect to the purchase and sale of the real estate and improvements located at Property. 2. Fixtures and Personal Property. At Closing as defined in Paragraph 7 of this Contract in addition to the Property Seller...
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How to fill out chicago association realtors purchase sale form
How to fill out Chicago Association Realtors Residential Real Estate Purchase
01
Obtain the Chicago Association Realtors Residential Real Estate Purchase form.
02
Fill in the date of the agreement at the top of the form.
03
Enter the names of the buyer(s) and seller(s) in the designated sections.
04
Specify the property address and legal description accurately.
05
Indicate the purchase price that the buyer is offering.
06
Complete the financing section, detailing how the purchase will be funded (e.g., cash, mortgage).
07
Fill out the earnest money details, including the amount and the method of payment.
08
Review and detail any contingencies, such as home inspections or financing approvals.
09
Include any special clauses or considerations, such as personal property included in the sale.
10
Both parties should sign and date the agreement at the end of the document.
Who needs Chicago Association Realtors Residential Real Estate Purchase?
01
Homebuyers looking to purchase residential real estate in Chicago.
02
Sellers listing their residential property for sale in Chicago.
03
Real estate agents and brokers assisting clients with transactions.
04
Investors interested in acquiring residential properties in the area.
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People Also Ask about chicago real estate contract forms
What is an as is contract Illinois?
An "as-is" contract basically means that the seller is not going to make any repairs if you discover something. If your general inspection uncovers other larger potential issues, you can hire additional inspections. Remember too that radon tests are often separate and independent from your general home inspection.
How do you fill out a contract to purchase?
How to draft a purchase agreement Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.
How do I write a letter of intent for a real estate purchase?
How to Write an LOI in Commercial Real Estate Structure it like a letter. Write the opening paragraph. State the parties involved. Draft a property description. Outline the terms of the offer. Include disclaimers. Conclude with a closing statement.
What is the as is clause in Illinois real estate?
Key Takeaways. Illinois still requires the seller to disclose material defects even if the house is being sold “as-is.” However, an “as-is” sale indicates that, while the seller is disclosing defects, they will not be fixing, remodeling, or remediating the defects as part of the negotiation process.
Can you sell a house as is in Illinois?
Yes, you can sell your house as-is in Illinois. You should go over this section with your lawyer to ensure that any special circumstances in your transaction are reflected in the contract. Illinois real estate contract mentions the provision of the buyer accepting the house as is.
What is an as is real estate contract Illinois?
An “as is” sale means that the property is being sold with all faults, whether known or unknown by the seller at the time of the sale. In this form of transaction, the purchaser is accepting all the risk, which is typically reflected in the price.
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What is Chicago Association Realtors Residential Real Estate Purchase?
The Chicago Association Realtors Residential Real Estate Purchase is a standardized contract used in real estate transactions to facilitate the purchase of residential properties in Chicago.
Who is required to file Chicago Association Realtors Residential Real Estate Purchase?
Both the buyer and seller in a residential real estate transaction are required to use this form to formalize the agreement of sale.
How to fill out Chicago Association Realtors Residential Real Estate Purchase?
To fill out the form, parties should provide detailed information about the property, purchase price, financing terms, contingencies, and other relevant terms of the sale, ensuring all sections are completed accurately.
What is the purpose of Chicago Association Realtors Residential Real Estate Purchase?
The purpose of this purchase agreement is to outline the terms and conditions of the sale, protect the rights of both parties, and serve as a legally binding contract.
What information must be reported on Chicago Association Realtors Residential Real Estate Purchase?
Information required includes the names of the buyer and seller, property address, purchase price, earnest money deposit, financing details, and any contingencies or additional terms.
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