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Illinois Real Estate Purchase Contract - Condominium

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This Real Estate Purchase Contract is a written contract between the purchaser and seller stating the terms and conditions under which a condominium unit is sold. It contains the material terms of the agreement including a description of the property, the purchase price and financing details. Contracts for the sale of real property must be in writing to be enforceable, and this satisfies that requirement. This document contains many of the standard clauses commonly included in real estate contracts as well as opportunities for customization to ensure that the understandings of the parties are properly set forth. This should be utilized by sellers and buyers of a condominium unit located in Illinois.

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