Who needs a Contract to Buy and Sell Real Estate (Residential) Form?
The Colorado Real Estate Commission has an approved contract template form that should be used by a broker, realtor or attorney, who acts as an Agent of the Buyer, a person who wants to buy a certain real property from its owner, or the Seller. The Buyer’s Agents will use this Contract, stating the price of the transactions for the Seller's review and acceptance.
What is the Real Estate Contract for?
The Contract to Buy and Sell Real Estate (Residential) is also labeled as CBS1-8-13. The Contract serves an offer to buy a real estate. This document confirms the Buyer’s commitment to purchase the property for a price the two parties agreed upon. It also records the terms and conditions of the transaction.
Is the Contract accompanied by other forms?
The CBS1-8-13 form itself is voluminous and detailed, covering many terms, conditions, and other provisions. Providing any other supporting documents can be done only at the request of the parties.
When is CBS1-8-13 Contract due?
The dates of the transactions are specified in a separate item of the contract as well as the validity of the offer.
How do I fill out the Contract to Buy and Sell Real Estate (Residential) Form?
The fillable CBS1-8-13 form requires agreement upon numerous details and provisions, but the most important information to be covered is:
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The Buyer’s and the Seller’s details
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The real estate
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Price
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Fixtures and personal property included in the deed
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Closing date
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Prorations,
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Financial conditions and obligations,
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Additional Terms, etc.
Where to send the Contract to Buy and Sell Residential Real Estate Form?
The original document is kept by the Seller and a copy should also be held by the Buyer. Another copy is retained by the Agent involved in the deal. Subsequently, the contract is the basis for the conclusion of the final sales transaction.
