Free Real Estate Purchase Agreement Form for Illinois
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Preview - Illinois Real Estate Purchase Agreement Form
Illinois Real Estate Purchase Agreement
This Real Estate Purchase Agreement ("Agreement") is made and entered into this [Date] by and between:
Seller: [Seller's Name]
Address: [Seller's Address]
City, State, Zip: [City, State, Zip]
Buyer: [Buyer's Name]
Address: [Buyer's Address]
City, State, Zip: [City, State, Zip]
1. Property Description:
The Seller agrees to sell, and the Buyer agrees to buy, certain real estate located at [Property Address], more fully described as follows:
[Legal Description of the Property]
2. Purchase Price:
The total purchase price for the Property shall be [Purchase Price], payable as follows:
- Deposit: [Deposit Amount] due upon signing this Agreement.
- Balance: [Balance Amount] due at closing.
3. Closing Date:
The closing of the sale will occur on or before [Closing Date], at a time and location mutually agreed upon by both parties.
4. Contingencies:
This Agreement is contingent upon the following conditions:
- The Buyer obtaining financing within [Number] days.
- Property inspections satisfactory to the Buyer.
5. Disclosures:
The Seller shall provide all necessary disclosures required under Illinois law, including but not limited to:
- Disclosure of lead-based paint hazards.
- Disclosure of known property defects.
6. Default:
In the event of default by either party, the non-defaulting party may pursue any legal rights or remedies available under Illinois law.
7. Entire Agreement:
This Agreement constitutes the entire understanding between the parties and supersedes all prior agreements or understandings, whether written or oral.
IN WITNESS WHEREOF, the parties have executed this Real Estate Purchase Agreement as of the day and year first above written.
Seller's Signature: _______________________
Date: _______________________
Buyer's Signature: _______________________
Date: _______________________
Create Other Common Real Estate Purchase Agreement Forms for Different States
Georgia Purchase and Sale Agreement Pdf - Includes terms about possession of the property after closing.
Nc Real Estate Purchase Agreement - Buyers and sellers can negotiate terms prior to finalizing their agreement for purchase.
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Real Estate Sales Agreement Pa - Can incorporate seller concessions or credits toward buyer closing costs.
Contract of Sale Real Estate - A Real Estate Purchase Agreement provides a comprehensive understanding of the transaction for all parties involved.
Similar forms
Lease Agreement: This document outlines the terms under which a tenant can occupy a property. Like a Real Estate Purchase Agreement, it specifies details such as rent, duration, and responsibilities of both parties.
Option to Purchase Agreement: This agreement gives a tenant the right to purchase the property at a later date. Similar to a Real Estate Purchase Agreement, it includes terms regarding price and timelines for the purchase.
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Seller Disclosure Statement: This document requires the seller to disclose known issues with the property. It complements the Real Estate Purchase Agreement by ensuring buyers are informed about potential problems before the sale.
Title Report: This report provides information about the property’s ownership and any liens against it. It is similar to a Real Estate Purchase Agreement as it helps protect the buyer’s interests by confirming clear ownership before the transaction.