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CHI Realtor Association Condominium Sale Contract 2012-2024 free printable template

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CHICAGO ASSOCIATION OF REALTORS CONDOMINIUM REAL ESTATE PURCHASE AND SALE CONTRACT including condominium townhomes and commercial condominiums Rev. 01/2012 1. Contract. This Condominium 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 2. Fixtures and Personal Property. At Closing as defined in Paragraph 7 of this Contract in addition to the Property...
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How to fill out association realtors purchase form

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How to fill out realtors condominium purchase:

01
Obtain the necessary purchase documents from the realtor or real estate agent handling the transaction.
02
Fill out the buyer's information accurately, including name, contact information, and any requested personal details.
03
Provide the details of the condominium being purchased, such as the address, unit number, and any additional specifications required.
04
Clearly state the purchase price and payment terms, including any financing or mortgage arrangements.
05
Disclose any contingencies or conditions that need to be met before the sale can be finalized.
06
Complete any additional forms or disclosures required by the realtor or local regulations.
07
Review the completed documents carefully and make sure all information is accurate before signing.
08
Deliver the completed and signed purchase documents to the realtor or real estate agent for processing.

Who needs realtors condominium purchase:

01
Individuals or families who are interested in buying a condominium property.
02
Buyers who want assistance from a professional realtor or real estate agent in navigating the purchase process.
03
Those who prefer to have someone experienced in real estate transactions handle the paperwork and negotiations on their behalf.

Who needs a Condominium real estate contract?

This form comes in very useful when you want to sell or buy a real estate in Chicago. The contract is signed by the buyer and the seller in the presence of their brokers and attorneys.

What is a Condominium real estate contract for?

This form is issued by the Chicago Association of realtors for purchasing and selling condominium real estate. The form is easy to complete and the whole procedure should take no more than 20 minutes. The contract has legal applicability and can be used in case disputes arise. This document stipulates the terms of selling the real estate as well as the purchase price, so it can be used for different purposes.

Is a Condominium real estate contract accompanied by other forms?

Before signing the contract, the parties must provide all required documents and notices on request.

When is a Condominium real estate contract due?

The seller and buyer make the contract once all issues have been discussed orally and both seller and buyer are ready to complete the sale.

How do I fill out a Condominium real estate contract?

This contract is usually filled out by a realtor and the signed by both parties. The seller and the buyer should be named. The realtor should also indicate the address of the property, the square footage of the property and parking place. If the seller transfers any personal property together with real estate, the realtor must check the appropriate boxes. The contract also determines the purchase price, the amount of Earnest Money, the terms of payment, real estate taxes and the closing date of the contract. The parties should also discuss the attorney modifications and inspection date and write it down in this contract. The contract also provides personal information about the buyer and the seller, their brokers and their attorneys. It should also be noted that each page of the contract must be initialed by both the buyer and the seller.

What do I do with a Condominium real estate contract after its completion?

The buyer and the seller should sign two copies of the contract and keep a copy for their personal records.

Video instructions and help with filling out and completing association realtors purchase

Instructions and Help about condominium purchase and sale agreement form

This is Jeff O'Leary coming at you with another episode of keeping real estate real so what's included in an agreement of purchase and sale I'm going to go over the important key points in this video however if you're working with me or if you're working with another good realtor they will explain it in much more detail when you actually come to the time when you're working with them so first in agreement you're going to have the names of the buyer and the seller next you're going to have the address of the property in question along with the legal description on top of that the buyers going to put in how much they want to offer to pay for that home and also a deposit that they're going to pay if the agreement it's accepted there's also going to be the closing date that the buyer wants and again everything can be negotiated in this agreement, but this is how it looks and an irrevocable so in real estate when we do an offer it's almost like analogy of a basketball, so you get your offer you pass it to the other side when the other side gets it they only have three choices they can either accept it as it's written it within that your revocable time and the deal is done they can reject it and do nothing, so they don't do anything in that time expires the deals dead, or they can do what's very common make changes, so I don't like this price I'm going to change it to a different price every time there's a change made to a deal it's almost like a new offer being put back to the other party, so the seller may say I don't like the price of the home I'll change it send it back to the buyer now it becomes an offer from the seller to the buyer that's what irrevocable means also in the agreement our inclusion such as fixtures and chattels what's included so maybe the fridge and stove come with the deal, but the chandeliers excluded so all that's written in the agreement now the really important part of the agreement are the clauses in the schedule lay of the agreement this is where it goes through what's going to happen in the deal and any protection in place for the buyer or seller a good example is a lot of buyers will want a condition on financing to make sure they qualify for the home before they commit to buying the home another good condition would be a home inspection, so a lot of people want to get an inspection feel comfortable before the deal goes firm and binding there's a million different clauses you can do talk to your realtor and find the runt ones that are right for you, but I'm just going over what's included in an agreement of purchase and sale so there you have it I'm Jeff will are you talking about the agreement of purchase and sale if you have any questions about real estate feel free to call or email me keep it real estate real, and I'm out

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A realtor's condominium purchase refers to the process of a real estate agent purchasing a condominium property. This can be for personal use or as an investment. The realtor will typically assist in finding and negotiating the purchase of a condo unit on behalf of their own or their client's interests. They will handle the various tasks involved in the purchase process, such as conducting market research, negotiating prices and terms, coordinating with mortgage lenders, and completing necessary paperwork for the transaction. Overall, it is a real estate agent's personal or professional acquisition of a condominium property.
Realtors are not typically required to file condominium purchases. It is usually the responsibility of the buyer or their legal representative to file the necessary documents for the purchase of a condominium. However, realtors may assist in facilitating the paperwork and transaction process.
To fill out a realtor's condominium purchase, you will typically need to follow these steps: 1. Review the document: Read through the entire condominium purchase agreement carefully to understand the terms and conditions. 2. Personal information: Provide your personal details such as your full name, address, and contact information. Include the same information for the seller. 3. Property details: Fill in the specific details of the condominium unit being purchased, including the address, unit number, floor, and any other relevant information. 4. Purchase price: Specify the agreed-upon purchase price for the condominium. If there are any additional costs, such as closing costs or special assessments, include those as well. 5. Financing terms: Indicate if you are obtaining financing to purchase the property and include details about the lender and loan terms if applicable. 6. Deposit amount: Specify the amount of the initial deposit and any subsequent deposit payments required as part of the agreement. 7. Contingencies: Identify any contingencies that need to be met before the sale can be finalized, such as completing inspections, obtaining financing, or the satisfactory review of homeowners association documents. 8. Closing date: Specify the anticipated closing date when the ownership will transfer to you, typically after all the necessary paperwork and approvals are completed. 9. Seller's disclosures: If the seller has provided any disclosure documents regarding the condition of the property or previous issues, make sure to review and include them in the agreement. 10. Signatures: Ensure that both the buyer and seller sign and date the agreement. You may also need signatures from any relevant real estate agents or brokers involved. 11. Attachments: Attach any additional documents required to finalize the sale, such as the property's survey, title commitment, or HOA rules and regulations. 12. Review and submit: Finally, thoroughly review the filled-out document for accuracy and completeness before submitting it to the relevant parties, such as the seller's agent or attorney. It's crucial to consult with a real estate attorney or licensed realtor to ensure you understand all the legal implications and requirements of the condominium purchase agreement.
The information that must be reported on a realtor's condominium purchase typically includes: 1. Basic details of the condominium unit: This includes the unit number, square footage, number of bedrooms and bathrooms, and any other relevant property details. 2. Purchase price: The total amount agreed upon by the buyer and seller for the condominium unit. 3. Listing agent information: The name and contact information of the realtor who listed the condominium for sale. 4. Selling agent information: The name and contact information of the realtor representing the buyer in the transaction. 5. Financing details: If the purchase is being financed, the type of financing and the name of the mortgage lender or financial institution involved. 6. Closing date: The agreed-upon date when the sale transaction will be completed, and ownership will be transferred. 7. Condominium association details: Information about the homeowners' association or management company responsible for managing the condominium complex, including contact details and any relevant fees or assessments. 8. Condominium documents: A copy of the condominium association's governing documents, including the declaration, bylaws, rules, and regulations. 9. Property disclosures: Any known defects, issues, or material facts about the condominium unit, such as previous repairs, water damage, or pending litigation. 10. Any additional terms or conditions: Any specific agreements or contingencies related to the purchase, such as repairs to be completed before closing or inclusion of certain appliances or fixtures in the sale. It's important to note that the specific reporting requirements may vary depending on local laws, regulations, and industry standards. Realtors should consult with their respective governing bodies or licensing authorities to ensure compliance with all reporting obligations.
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