A Colorado Real Estate Purchase Agreement is a formal contract signed by the owner of the real property and the individual or company that wants to purchase this house, apartment, or office space. This document confirms the intention of the parties to participate in a transaction involving the real property and protects them in case of future disagreements since it is recognized as evidence of the parties' agreement by courts and authorities.
The industry of real estate can be tricky for inexperienced sellers and buyers, and the most important legal tool parties to the transaction can have is a proper agreement that outlines their mutual rights and responsibilities, breaks down the payment, and sets out the date and method of payment, provides guarantees to the buyer regarding the current condition of the real estate and specifies which party must pay for the home inspection.
The state of Colorado does not provide an official Real Estate Purchase Agreement for those looking to buy real estate. Make your own Colorado Real Estate Purchase Agreement via our online form builder or download a ready-made form through the link below.
To make the sale legitimate, the owner of the residential property is required to complete two documents - a Lead Disclosure that informs the buyer about lead-based paint used in the process of construction (only for residences built before 1978) and a Seller's Residential Property Disclosure that covers all issues and defects of the property in question.
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