This is your go-to resource for a comprehensive, legally sound contract that facilitates the smooth transaction of property from a seller to a buyer. Here, you can download and edit this all-inclusive document, meticulously designed to articulate every important detail about your real estate purchase in Illinois.
From the deed specifics to the particulars of the agreement such as terms and conditions, everything is well accounted-for.
Ensure a trouble-free real estate transaction with this reliable contractual tool that secures both the buyer’s and seller’s interests in any property deal.
CONTRACT FOR SALE OF REAL ESTATEThis Contract for Sale of Real Estate (hereinafter referred to as the “Contract”) is made and entered into this __ day of _____, 20__, (the “Effective Date”) by and between ______________________ (hereinafter referred to as the “Seller”) and ______________________ (hereinafter referred to as the “Buyer”).
1. PROPERTYThe Seller agrees to sell, and the Buyer agrees to buy the property located at ______________________, legally described as follows: ______________________ (hereinafter referred to as the “Property”).
2. PURCHASE PRICEThe purchase price shall be ______________________ USD (the “Purchase Price”). The Purchase Price shall be paid as follows: ______________________
3. FINANCINGThis Contract is contingent upon the Buyer obtaining a mortgage loan of ______________________ USD. If the Buyer is unable to secure financing on or before ______________________, either party may terminate this Contract.
4. TITLE AND DEEDThe Seller shall provide a clear and marketable title to the Property. The transfer of ownership shall be executed by a General Warranty Deed.
5. CLOSINGThe closing shall occur on or before ______________________ at a location to be determined.
6. POSSESSIONThe Seller shall deliver possession of the Property to the Buyer at closing, free of all tenants and personal property.
7. INSPECTIONThe Buyer shall have the right to inspect the Property within ______________________ days after the Effective Date of this Contract. If the Buyer is dissatisfied with the condition of the Property, the Buyer may terminate this Contract.
8. GOVERNING LAWThis Contract shall be governed by and construed in accordance with the laws of the State of Illinois.
9. ENTIRE AGREEMENTThis Contract constitutes the entire agreement between the parties and supersedes all prior discussions, negotiations, and agreements, whether oral or written. IN WITNESS WHEREOF, the parties have executed this Contract as of the Effective Date.
SELLER:______________________ Signature ______________________ Printed Name
BUYER:______________________ Signature ______________________ Printed Name
If you’re looking to buy or rent a property in Illinois, make sure to consider both the Contract for Deed Template Illinois and the Contract for Rental Property Illinois before finalizing your Contract For Sale Of Real Estate In Illinois. These templates are specifically designed to safeguard your rights and interests in any property transactions within the state.