Indiana purchase agreement form with no realtor free printable template

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CONTRACT FOR THE SALE AND PURCHASE OF REAL ESTATE NO BROKER For good and valuable consideration the receipt and sufficiency of which is hereby acknowledged Seller whether one or more and Buyer whether one or more do hereby covenant contract and agree as follows AGREEMENT TO SALE AND PURCHASE Seller agrees to sell and Buyer agrees to buy from Seller the property described as follows complete adequately to identify property County Indiana. Address Legal Description or see attached exhibit As...described in attached Exhibit. Together with the following items if any Strike items to be retained by Seller curtains and rods draperies and rods valances blinds window shades screens shutters awnings wall-to-wall carpeting mirrors fixed in place ceiling fans attic fans mail boxes television antennas and satellite dish system with controls and equipment permanently installed heating and air-conditioning units window air-conditioning units built-in security and fire detection equipment plumbing...and lighting fixtures including chandeliers water softener stove built-in kitchen equipment garage door openers with controls built-in cleaning equipment all swimming pool equipment and maintenance accessories shrubbery landscaping permanently installed outdoor cooking equipment built-in fireplace screens artificial fireplace logs and all other property owned by Seller and attached to the above described real property except the following property which is not included list items not included...All property sold by this contract is called the Property. SALES PRICE The parties agree to the following sales price Amount Purchase Price Earnest Money New Loan Assumption of Loan Seller Financing Cash at Closing Total both columns should be equal Both columns should be an equal amount. If the unpaid principal balance s of any assumed loan s if any as of the Closing Date varies from the loan balance s stated above the cash payable at closing will be adjusted by the amount of any variance....FINANCING The following provisions apply with respect to financing Buyer Initials -1- Seller Initials CASH SALE This contract is not contingent on financing. OWNER FINANCING Seller agrees to finance dollars of the purchase price pursuant bearing interest per annum payable to a promissory note from Buyer to Seller of over a term of years with even monthly payments secured by a deed of trust or mortgage lien day of. with the first payment to begin on the NEW LOAN OR ASSUMPTION This contract is...contingent on Buyer obtaining financing. Within days after the effective date of this contract Buyer shall apply for all financing or noteholder s approval of any assumption and make every reasonable effort to obtain financing or assumption approval* Financing or assumption approval will be deemed to have been obtained when the lender determines that Buyer has satisfied all of lender s financial requirements those items relating to Buyer s net worth income and creditworthiness. If financing or...assumption approval is not obtained within effective date hereof this contract will terminate and the earnest money will be refunded to Buyer.

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Comprehensive Guide to the Indiana Purchase Agreement Form

Understanding the Indiana Purchase Agreement Form

The Indiana purchase agreement form is a vital document in real estate transactions within Indiana. It formalizes the agreement between a seller and buyer for the sale of property. This legally binding contract outlines significant details including the purchase price, property description, and terms of sale. Proper use of this form ensures both parties are clear on their commitments, protecting their interests throughout the buying process.

Key Features of the Indiana Purchase Agreement Form

This form includes essential features that outline the responsibilities and expectations of both the seller and buyer. Key elements include:

Includes the legal description, address, and any specific conditions regarding the property.
The agreed total sales price, including details about earnest money and financing arrangements.
Specifies when the sale will be finalized and the property officially transferred.
Outlines any contingencies, such as inspections, that must be satisfied before the sale is completed.

When to Use the Indiana Purchase Agreement Form

This agreement should be used when a seller and buyer agree on the sale of real estate. It is particularly important for transactions involving residential properties, but can also apply to commercial real estate. Utilizing this form signifies that both parties are ready to move forward with the sale, and it provides a structured approach to negotiate terms and conditions.

Who Needs the Indiana Purchase Agreement Form

This form is essential for anyone involved in a real estate transaction in Indiana, particularly buyers and sellers. Real estate agents may also utilize this form to facilitate the sale for their clients. Additionally, attorneys may review this document to ensure that it meets legal standards and protects the parties' rights.

How to Fill Out the Indiana Purchase Agreement Form

Completing the Indiana purchase agreement form requires attention to detail to ensure accuracy. Key steps include:

Clearly state the property address and include a legal description to prevent ambiguity.
Provide complete names and contact information for both the seller and buyer.
Detail the purchase price, payment structure, and any contingencies.
Both parties should carefully review the form to ensure all details are correct before signing.

Best Practices for Accurate Completion

To avoid complications, follow these best practices when filling out the Indiana purchase agreement form:

Make sure to fill in all required fields and avoid using abbreviations that could lead to misunderstandings.
Consider consulting with a real estate agent or attorney for assistance in completing the form.
Express terms and conditions clearly and avoid vague language to minimize disputes.
Make copies of the completed agreement for both parties for future reference.