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1 The Real Property shall include the property described in the attached exhibits, but Seller shall not be released therefrom until all the property described above is sold as of execution of the execution of Seller's contract for sale and purchase hereunder and a good and valuable consideration in the sum of Fifty Thousand Dollars ($50,000.00) (as a fixed fee for selling the Real Property and any other property purchased with it, and not including any of the costs and expenses, fees, commissions or expenses incurred by Seller to prepare and file the sale, purchase or any other transaction) being paid to the Seller (collectively, the "Fee") is paid to Seller. 2. DEFINITIONS: For the purpose of this Agreement, the following terms have the following meanings, unless the context clearly indicates otherwise: (a) "Bidder/Seller" means a person who has made an offer in good faith, for value in good faith, to purchase, take possession or to otherwise acquire any real estate or any other property described herein; (b) "Gross Proceeds" means the aggregate amount of all the consideration received by Buyer as consideration for the purchase of real property, less any amount payable by Buyer in connection with the sale or other disposition of all or part of that consideration; (c) "Real Property" means any real estate, buildings, improvements, improvements or improvements on real estate, or any interest therein, in this state, including but not limited to the real property described in Exhibit 1, the real property described in Exhibit 2 and the real property described in Exhibit 3, and any improvements thereon, at all times after the execution of this Agreement to the extent that the real property is available for use, in addition to the property described in the attached exhibits, and includes any vacant land located thereon; (d) "Seller" means a person who has made an offer in good faith, for value, for the purchase of the real properties described in Exhibit 1 and 2, any real property, buildings, improvements or improvements and any other real property, buildings, improvements or improvements at all times after the execution of this Agreement, to the extent that the real property is available for use, including any vacant land located in this State subject to the real property, buildings, improvements and improvements described there. 3. DEFINITIONS AND RULE-MAKING: (a) Buyer/Seller will perform all of the obligations of Seller (including Seller's duties to maintain confidentiality).

What is the Contract for Sale and Purchase of Real Estate (No Broker)?

When you need to sell or purchase a real estate, you would like to avoid dealing with brokers. The main reason is that it is a very expensive service. Anyway you must prepare a contract. You must file the Contract for Sale and Purchase of Real Estate (No Broker). It is a complicated document that must be filled properly to acquire a legal value.

What is the Contract for?

Use the contract when you are going to buy or sell a residential lot or a property. As far as this document must be prepared without a broker, you must check the instructions as it might be difficult for you to do it right from the first try.

When is the Contract Due?

Generally, the contract does not have a specific deadline.

Do I Have to Attach Other Documents to the Contract?

Basically, the contract may be accompanied by the copy of the document that confirms the ownership of the property or your right to sell it.

What Information do I Include in the Contract?

First, the contract includes the agreement where the seller agrees to sell and the purchaser agrees to purchase a real estate. The next section is the sales price. You indicate the amount of the purchase price, a new loan, earnest money, cash at closing, the assumption of the loan, seller financing and a total amount. In this contract you must describe the property conditions: mechanical equipment and appliances, utilities, etc. Federal tax requirement is also included in the contract. These are the key details.

Where do I Send the Contract after Completion?

You must provide this contract to the client. Make sure it is prepared properly and does not include mistakes. Using filler, it is easy to perform.

The Indiana purchase agreement solidifies the contractual bond between a seller and buyer participating in a real estate transaction for the sale of residential property.