Thank you for joining Sarina Brown of Taylor Brown Real Estate Talks. Today, we're going to talk about the Indiana Purchase Agreement. The focus of our discussion today is the purchase agreement, specifically for improved proper Union. Improved property refers to a property that has a home building or some type of structure on it. There is also a second type of purchase agreement for onion cove property, which typically refers to vacant land without any structures. The first section of the purchase agreement pertains to the listing broker and the agent representing the listing broker. Following that, we include the date and the name of the buyer or buyers. If there are two buyers, such as a husband and wife, siblings, or significant others, their names should be listed with a comma. If there is only one buyer, then the name of that individual should be entered. Next, we include the property information. This includes the address of the property, as well as the township where the property is situated. The county, city, state, and zip code are also required. The legal description of the property comes next, which is typically used by surveyors. This description provides a map view of the property with coordinates. It may also include the lot size and lot number. This information can be obtained from platon maps or other documents related to the property's construction. Sections 11 through 17 of the agreement cover fixtures and other items that come with the property. For example, if a chandelier is present in the home when you view it, it is typically expected to be included in the sale unless stated otherwise in the contract. These are considered fixtures, which are permanent and attached to the property. However, with the number of foreclosed properties on the market, it is important...
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Indiana Purchase Agreement 2025 Form: What You Should Know
The Seller and Buyer must sign this agreement. These documents form contains a form of real estate property transfer. A real estate property transfer occurs when a Seller transfers personal property directly to a Buyer. The real estate property, which is commonly referred to as a purchase is purchased from Seller in an amount equal to an agreed upon purchase price. It is the Buyer's responsibility to file an application for a real estate transaction statement for the contract to be registered. The sale and purchase agreement is a form of real estate property transfer that must be in accordance with the Indiana Sales Disclosure Act. A real estate transaction statement is a non-federal, real estate contract. Indiana Residential Real Estate Purchase Agreement for Sale In consideration of this Agreement, I am transferring my interest in the Real Property located at 2105 W. Main St., Lafayette, IN 47041. This Property is located on 5.50 acres, with a market assessment of 7,750 and an assessed value of 34,900.00. This Property is owned by John D. & E. G. Wiener. Buyer is required to submit a payment of 1,000.00 for the property. Seller's obligation to buy back said property is at 4,000.00. I expect to sell this property by the end of the calendar year on or about November 1, 2019. Buyer's obligation to pay for Real Estate is 3,000.00. Buyer must maintain current residence at the property. Seller's obligation to buy back the Real Estate is 5,000 and Seller's obligation to sell is 6,000. Payments. The Real Estate Purchase Agreement will be considered as a transaction completed by the Seller and Buyer. Therefore, the Real Property must be sold at an agreed upon price and the cash sale contract must be completed during the first thirty (30) days of the month following the transfer. No later than December 3, 2022, the parties must send to the other party a written agreement for the sale of the Real Property and a written assignment, notarized by Seller, of title and registration number of the Property. Payments by Buyer as described under Schedule A. Payments and other terms. 1-5 Years of Annual Gross Rent.
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