Contracts for Wholesaling: http://bit.ly/REWContracts How to Fill out a Real Estate Contract for Wholesaling Houses, More Specifically The Purchase Agreement. Hit SUBSCRIBE for more insane value! Real Estate Wholesaling Free Training: http://bit.ly/wholesalinglive My Wholesaling Course: https://wholesalingasap.teachable.com/p/wholesalingasap/?product_id=952496&coupon_code=LIVE Investor Carrot Websites: http://bit.ly/OnCarrotLeadGeneration How To Get 3 Motivated Seller Leads / Day: http://bit.ly/3leadsperday What is Equity?: https://www.youtube.com/watch?v=evSSe21Q94Y ------ Free Wholesaling Guide: http://bit.ly/3partguide ------ How I did my first wholesale deal and made almost $9k: https://bit.ly/2Kk2XqL ------ What Is Real Estate Wholesaling?: https://bit.ly/2IypCiF SUBSCRIBE To The Channel ► http://bit.ly/2TZxgYN Follow Me On Instagram ► http://bit.ly/2FAae7m Snapchat ► devoncnp
Views: 3031 Devon Canup
http://thelandflippingformula.com In this video I show how to fill out a purchase agreement to buy residential real estate property. I also show how to fill out an assignment agreement to sell your contract to a cash investor and collect your fee in the middle. ALWAYS CONSULT A LOCAL REAL ESTATE ATTORNEY TO BE DURE YOUR CONTRACT IS LEGAL IN YOUR MARKETPLACE. When selling contracts or assigning your contract contact local title companies and or real estate attorney to be sure they can close your transaction promptly Go out, negotiate great deals, sell your contract and get paid! For more real estate investing tips, strategies or coaching visit http://thelandflippingformula.com
Views: 46136 Mike Alder
90 Minutes detailing the Offer and Acceptance or the RPA - How to fill it out, what is important and how to best explain it to your clients.
Views: 12534 Rich Shuman
Attorney Mark Stiles and Attorney Chris Holland of Stiles Law discuss the Offer to Purchase Real Estate. The Offer to Purchase, or "Offer", is a binding legal contract that creates binding obligations on the Buyer and Seller. In addition to price and dates, Buyers and Sellers can negotiate contingencies, repairs, and other matters. Important contingencies include: a financing or mortgage contingency, a home sale contingency, condominium document review, or an obligation for Seller to pay all outstanding betterments or assessments. Stiles Law, with offices located in Boston and Marshfield, Massachusetts, is a firm concentrating in real estate conveyancing and mortgage lending services, representing buyers, sellers, borrowers, banks, mortgage companies, investors, builders and developers in all of their real estate and mortgage transactions. Stiles Law serves all areas of eastern Massachusetts–the North Shore, Boston, and Cape Cod, in addition to the entire South Shore, including: Plymouth, Kingston, Duxbury, Hanover, Pembroke, Marshfield, Scituate, Norwell, Cohasset, Hull, Hingham, Weymouth, Braintree, and Quincy.
Views: 175 Stiles Law
How to Fill Out the Florida Real Estate Contract For Sale and Purchase We'll See You At The Closing Table! http://www.titlerate.com CONNECT WITH US HERE! Facebook: https://goo.gl/u5lmCo Twitter: https://goo.gl/yQXSx5 Google+: https://goo.gl/n7V4rh Independence Title, Inc. Kevin Tacher, Founder Chief Marketing Officer Phone: 954-335-9305 [email protected] www.TitleRate.com Get your INSTANT CLOSING QUOTES here http://www.titlerates.com Independence Title is the leading provider of title insurance and related real estate settlement services in Fort Lauderdale. Since 2003 we've provided superior real estate and mortgage settlement services throughout the State of Florida. As agents for Old Republic National Title Insurance Company and Westcor Land Title Insurance Company, we have the resources available to close any deal, anywhere and at any time with the best title insurance cost. We pride ourselves in providing the best the industry has to offer in title insurance fees, technology with our title insurance calculator and customer service. Throughout our 10+ year history, our conservative management philosophy has allowed us to grow and remain strong through the ups and downs of the market while other title insurance companies have closed their doors. Independence Title's financial strength provides the confidence our customers need from their title insurance company in these tough economic times. We welcome you to browse our website and contact us with any questions you may have regarding our company and the services we provide. We’re looking forward to serving you soon! This video publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is produced with the understanding that the publisher and author are not engaged in rendering legal, accounting, financial, investment, tax or other professional services. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. By watching this video you agree to hold the author and publisher harmless for any acts that might result as a consequence of watching this video. Please consult with your attorney, CPA, financial advisor and other professional advisors relating to acting on any information contained in this video.
Views: 2680 Real Estate Show Independence Title
Real Estate Agent and Trainer, Robert Rico, explains how to write a strong real estate purchase offer on a property. For more information, please view our blog: https://www.carealtytraining.com/real-estate-agent-how-to-write-a-purchase-offer For more information or to sign up, please visit our website (www.CARealtyTraining.com) or give us a call (888-317-8740). You can also follow us on: • Facebook- https://www.facebook.com/LARealtyTraining • Twitter- https://twitter.com/carealtytrain • Instagram- https://www.instagram.com/carealtytraining Thanks for watching!
Views: 1560 CA Realty Training
http://www.allenmatkins.com In keep a buyer and seller grounded in a commercial real estate purchase, there need to be ground rules before a property officially changes hands. Seller representations and warranties usually include: that the seller is authorized to sell the asset, that the seller is not in bankruptcy, that the seller is a "non-foreign person". Representations about the building include: information about the leases and occupancy rights, notices of code compliance, the actual knowledge of a responsible person, subsequent changes will be communicated to the buyer, notices of litigation and survival of liability past the purchase.
Views: 965 Allen Matkins
This video helps you get ready to write and offer, and also illustrates step-by-step instructions on how to complete the purchase agreement. Table of Contents: 00:00 - Introduction 00:04 - Slide 1 00:08 - Getting Ready to Write an Offer 00:09 - Getting Ready to Write an Offer 01:18 - Getting Ready to Write an Offer 01:48 - The Fine Print… 02:22 - Let’s Write an Offer
Views: 5704 Keller Williams Greater Cleveland Training
***No Legal or Financial Advice Intended*** The contents of this video and affiliated website/YouTube Channel are intended to convey general information only and not to provide legal advice, financial advice or opinions. The contents of this posting and viewing of the information on this posting should not be construed as, and should not be relied upon for, legal, financial or tax advice in any particular circumstance or fact situation. The information presented on this posting may not reflect the most current legal or NWMLS developments. No action should be taken in reliance on the information contained on this posting and we disclaim all liability in respect to actions taken or not taken based on any or all of the contents of this site to the fullest extent permitted by law. Your designated managing broker or an attorney should be contacted for advice on specific legal issues or issues on the legal forms covered in this posting. If you are a real estate broker looking to increase your commision split and eliminate your monthly expenses consider Summit Properties NW. Summit offers a SIMPLE 80/20 commission split with no other associated fees and a LOW $10,000 annual cap! Summit Properties NW, LLC Office: 425-451-3342 Fax: 425-453-9157 E-mail: [email protected] Follow us on Social Media: Website- https://summitpropertiesnw.com Facebook- https://www.facebook.com/summitpropertiesnw Instagram- https://www.instagram.com/summitpropertiesnw/ LinkedIn- https://www.linkedin.com/company/summit-properties-nw-llc - Video filmed and edited by Christopher Jones of Summit Properties NW ( [email protected] )
Views: 72 Summit Properties NW
✔️3 Free Contracts for Real Estate Wholesaling. Click Here⬇️ https://bit.ly/2NdEQfm The 3 contracts you are looking for is the real estate wholesale agreement contract, the wholesale JV agreement contract and the wholesale assignment agreement contract. These 3 are the main agreements you need to get you going wholesalling real estate. Please feel free to download them for free in the link above. #realeatatewholesaling #jvagreement #realestateassignment What's a better financial strategy👍 http://houseflippingguide.com/whats-a-better-financial-strategy-making-more-or-spending-less/
Views: 2956 House Flipping Guide
http://www.HampdenCountyHomes.com Hi This is Don Thompson again, your local real estate expert advisor. So let's recap... You've been pre-approved, found a house and negotiated a deal. Things really get going now... and for a short time, you are going to be moving on three fronts. One, you'll need to need to sign the purchase agreement and deliver the deposit, two, you'll schedule and do your inspections and three, you have to formalize the loan application. So let's discuss signing the purchase & sales agreement , also known as the p&s or the purchase agreement. This document should be reviewed by your attorney before you sign. He or she will want to make sure that there are certain clauses included that protect your interests. And the seller will also have their attorney look at the agreement. Just so that you’re aware, your attorney, if he or she is processing the mortgage documents, is also the bank’s attorney and at the closing they will be representing the bank. Sometimes there are actually two attorneys on the buyer side, one for the buyer and one for the bank. However, locally the attorneys will represent you regarding things that deal with the seller, and make no mistake about it, when you are dealing with the bank, they are working for the them and looking out for their interests. When you think about it, there are actually two transactions happening at the closing...one the seller is transferring the property to you and the second, if you are getting a mortgage, the bank is lending you tens of thousands of dollars and it’s using the property as collateral. For the first part. you and the bank have basically the same interest… you are getting the property in marketable condition, free and clear of any liens and the bank wants the same thing because it is their collateral. The second transaction is between you and the bank… this process is highly regulated, you’ll see the governments initials on many of the forms, HUD, RESPA. The main thing you want to be sure is that you are paying the interest rate you were quoted. and because of regulations today, the fees that you are charged have to be fairly close to what was quoted you. But I digress, so now, once the contracts are reviewed by both attorneys and they have agreed to the language, typically, you as the buyer, will sign it first and give up your earnest money, your deposit. And then the sellers will sign. Now it’s critical that this document gets signed by all parties as quickly as possible. This is the formal agreement between you and the seller and until it’s signed you may not have a, what is referred to as, an enforcable contract. So everyone should be working to get it signed as soon as possible. So now you have signed contracts, you will want to schedule your inspections and let your ;loan officer know that you’ve got a deal. Inspections are a very important step in the home buying process and I will be covering them in my next video. Meanwhile, if you have any questions about anything, where I may be able to help you, please do not hesitate to contact me by calling or texting 413.221.9981 or hit reply to this email and I will get back to you as soon as possible. Thanks again and have a great day!
Views: 4079 WesternMARealEstate
This is the most important part of Florida's AS-IS real estate purchase contract. See the main paragraph that separates the 2 Florida contracts. Contact me at http://www.tampa2enjoy.com/contact-us/ In this video I go over paragraph 12 of the AS-IS real estate purchase contract in Florida. Please contact me if you have any questions. Thank you for watching my videos, Lance Mohr Mohr Realty Group at Keller Williams 813-317-4009 http://www.tampa2enjoy.com https://youtube.com/tampa2enjoy
Views: 518 Lance Mohr
Can you really invest in real estate with no money? The lease option strategy is my #1 real estate investing strategy, and uses no money out of your own pocket. In this 4 part video series, Steven Michael Miller and I dive deep into the lease option strategy. Watch us crunch the numbers and be sure to take notes! Watch and Enjoy! Kris Krohn & Nate Woodbury WORK WITH KRIS: ======================== Becoming a successful real estate investor is easier than most people know… as long as you have the right Mentor and the right system. Click here to learn your best options: http://LimitlessMentor.com/TV/ BOOKS By Kris Krohn ======================== The Straight Path To Real Estate Wealth: http://amzn.to/2zT0Bur The Conscious Creator: http://amzn.to/2gFEkblLimitless: http://amzn.to/2gLQXoV Be On Limitless TV ======================== Record your questions on video, and join me in a future episode: http://bit.ly/2yO78c7 MUSIC ======================== Tobu - Infectious https://www.youtube.com/watch?v=ux8-EbW6DUI Artist: https://www.youtube.com/tobuofficial Licensed under Creative Commons — Attribution 3.0 Unported— CC BY 3.0 ======================== Video by Nate Woodbury (The Hero Maker) BeTheHeroStudios.com http://YouTube.com/NateWoodburyHero
Views: 443996 Kris Krohn - Limitless TV
(affiliate) - Find an unlimited amount of real estate deals NOW! http://ba7e32ngpdny2naxpis9s2fizt.hop.clickbank.net/?tid=YTPM In this video, I keep it short and sweet discussing the equitable interest that must be in your purchase agreements to protect you from vulture regulators. I also discuss the assignment agreement, and the clause that is a must to protect you from time-wasting cash buyers. Make sure you subscribe at http://www.youtube.com/channel/UCyJ_ypfBpizaPfCrmDuvH-g?sub_confirmation=1 Hit like, share, and leave a comment if you have a question. I look forward to making more videos and sharing the knowledge with others. Pay a visit to and share my websites: http://www.paidcashforhouses.com http://www.equitypaper.com You can help support this channel and make money on top of it by signing up FREE at: https://record.partners.easymarkets.com/_uRKz6g4Pwo1Mo3B6pUUGpWNd7ZgqdRLk/1/ Use the earnings calculator to see how much money you can make as a Forex Affiliate!
Views: 8549 Psychopath Marketing
Want a FREE Copy of the contract I've used since 2003? Text the word CONTRACT to 833-439-9632 Need the Closing Detail Sheet I send to title companies and closing attorneys to explain how I get paid Text CLOSE to 833-439-9632 to Get a Free Copy of My Closing Detail Sheet Get Your Questions Answered every Thursday on my LIVE Flippinars Text FLIPPINAR to 833-439-9632 --~-- How To Fill Out Real Estate Contracts for Buyers and Sellers Step by Step | Wholesaling Houses - http://FlipMan.net #wholesalinghousesstepbystep #flippinghousesforbeginners https://youtu.be/R7g-MRAIfz4
Views: 37023 Flipping Houses & Real Estate With The Flip Man
This is the Minnesota purchase agreement. It's the main contract that you're going to use in the purchasing of a home. Is it confusing? Not at all. Is it a lot of information? Yes. Does all of it apply to you? Not at all. The thing about purchase agreements is that they cover almost every single aspect of buying a home. There are separate addenda yes, but they purchase agreement mentions whether or not those addenda apply.
Views: 1247 Carale Bowe
This video will show you what is in the Maryland Residential Purchase Contract and how to fill it out. Tim Brooks and the Ultimate Selling Team are a premier real estate team in Maryland. They work with buyers and sellers. They can be reached at 301-693-3333 or on the web at http://ultimatesellingteam.com Tim is always looking for talent to work with on his team.
Views: 3917 Tim Brooks
http://www.commercialpropertyadvisors.com/how-to-make-offers-on-commercial-real-estate/ Discover what no classroom would ever teach you on how to make an offer on commercial real estate. You'll learn the absolute essential things you need to make an intelligent offer, including the 4 phases you must go through BEFORE you finalize your offer. Most importantly, the lessons in this video will educate you on how to avoid overpaying as well as the dreaded negative cash-flow scenario that some commercial investors experience when they first purchase. Lastly, you'll get access to a file that step by step, shows you exactly how to make the best offer on any commercial property.
Views: 29966 Commercial Property Advisors
California Residential Purchase Agreement (RPA) Training for Ashby & Graff Real Estate Sales Associates To learn more about Ashby & Graff Real Estate and our "Pick Your Own Commission Spit" Plans, visit: www.AshbyGraffAdvantage.com
Views: 8417 Ashby & Graff Real Estate
If you are wondering about the Residential Purchase Agreement in California to make real estate purchases please view our video. This video goes over page 1 of the Residential Purchase Agreement including offer price, escrow length, good faith deposit, financing, plus some handy tips. Stayed tuned for more videos as we work our way through the Residential Purchase Agreement.
Views: 58712 Jeffrey Douglass
https://www.wholesalingwithmike.com - Over the shoulder, how to video includes specific clauses, tweaks, loopholes and a walkthrough showing you how to fill out your wholesaling contracts as both a buyer and seller. Download two completed contracts (one as the buyer and the other as the seller) to use as a reference absolutely Free AND access 35 clauses you can add to your contracts to reduce costs, increase profits and protect your interests (and profits) as a wholesaler at: https://www.wholesalingwithmike.com and click on "Free Training Videos"
Views: 50526 Mike Hill
(702) 234-8181 Coach Julie Youngblood has put together a quick (ha ha ha) video on how you could present the RPA to your buyer clients when they are purchasing a home. Disclaimer: I'm NOT an attorney and I'm not your broker. This is how I do this. It is not my interpreting the law or advising you how to practice real estate. http://www.julieyoungblood.com
Views: 3805 Julie Youngblood
Are you a buyer and still have questions? Call us—we'd love to talk! (619) 537-6016 From The Real Estate Jedi Team http://TheRealEstateJedi.com of Big Block Realty. Understanding the Purchase Agreement, AKA, “The OFFER” is crucial for both buyers and sellers! Real Estate Realtor/Broker Jed Bratt explains what the offer IS and what it is composed of! Check out our website at http://www.TheRealEstateJedi.com to find homes for sale in San Diego, as well as tons of other great San Diego Real Estate resources! After the offer is drawn up and signed, it will usually be presented to the seller by your real estate agent. There are ways to make your home offer stand out in our other real estate videos! A good offer must give sellers enough reasons to pick your offer over offers from other buyers. Typically, when homebuyers are ready to make an offer, they discuss the offer terms with their real estate agent and complete the Offer to Purchase form together. Learn all about the purchase agreement, offer to purchase and other contracts, as well as Earnest Money Deposits, Contingency Time-periods, home inspections, types of financing and home loan programs including VA Loans, FHA Loans etc on our website: http://www.TheRealEstateJedi.com. Let us guide you through the home-buying or home-selling process, including how to make an offer on a house, and determining the right purchase price, as well as negotiating the best terms! It’s important that you understand Your Home Purchase Agreement Before You Sign it! As your San Diego real estate agent, we will guide you through the process. Among other terms, real estate offers contain contingencies that protect the buyer and give you time to review disclosures, inspect the home, request repairs from the seller, have the property appraised, and get approved for a home loan. We believe in educating our clients on the basics of real estate as we walk you through the process. Don’t hire just any realtor or agent—make sure they are a real estate expert and will fight for your best interests ever step of the way.
Views: 553 The Real Estate Jedi
👆🏼One of my first listings in my career was a 13 unit apartment 🏢 complex. I was 19 years old. We eventually got an offer 🤑 and we put it in escrow. I wasn’t as sharp ✂️ about reviewing or writing up purchase agreements 📃 as I am now. 🧀 30 days later it closes escrow. 😭 90 days later I get a call from the selling agent informing me that my seller and I are going to be sued 🤯. The purchase agreement stipulated that all appliances 🍳 📺 were included in the sale. My client signed it and accepted it under my advice 😎. Here's the kicker👞 : All the appliances belonged to the tenants-not my seller. They weren’t his to sell, let alone include in the sale. 💔 All of this could have been avoided had I known how to read and write a RPA (residential purchase agreement) or RIPA (residential income purchase agreement). In this video 🎦 we cover exactly how to draft up a purchase agreement. Knowing how to write one up makes you a stronger 💪🏼negotiator and teaches you what to watch out for when you are the listing agent. Taught by 30 year industry veteran & Broker Robert Silva 🤩.
Views: 745 Real Estate Heaven
A Real Estate FAQ with Mark A. Williams Attorney at Law vanwil.com 402.504.1300
Views: 1216 Vandenack Weaver LLC
Arizona Real Estate License Test Prep: Contract Basics
Views: 4311 Hogan School of Real Estate, Inc.
A sale and purchase agreement is a legally binding contract between the buyer and the seller. It sets out all the details, terms and conditions of the sale. This includes things such as the price, any chattels being sold with the property, whether the buyer needs to sell another property first and the settlement date. A sale and purchase agreement provides certainty to the buyer and the seller about what will happen when. You can visit settled.govt.nz and find out more about the sale and purchase agreement here: https://settled.govt.nz/sandp About settled.govt.nz: Guiding Kiwis through home buying and selling Settled.govt.nz is brought to you by the Real Estate Authority (REA), the independent government agency that regulates the New Zealand real estate industry. Our aim is to promote and protect the interests of consumers involved in real estate transactions, and to promote a high standard of professionalism and service in the real estate industry. Settled.govt.nz provides comprehensive independent information and guidance for home buyers and sellers. It'll help you feel more in control and help to get you settled. You can visit settled.govt.nz and find out more about the home buying and selling process: https://settled.govt.nz/ If you would like to get in contact with us please follow this link: https://www.settled.govt.nz/contact-us/ Like our Facebook page: https://www.facebook.com/settled.govt.nz To subscribe to our channel click here: http://bit.ly/2I9qZVe
Views: 2758 settled.govt.nz
FREE Real Estate Investor Training_ How To Write an Offer in 5 minutes.wmv to Buy Real Estate. For Real Estate investors and landlords. Mike Butler shows you how to write your offer to buy real estate in less than 5 minutes using a simple 1 page offer form. MIke is an investor, mentor, author of Landlording On AutoPilot book, Speaker, and Trainer. and please Subscribe to http://YouTube.com/MikeButlerDotCom Mike Butler shows you how and why you can make your offers very simple and straight forward. Get this and more training at Visit my website at http://AskMikeButler.com. Learn how to buy without banks, money, credit, private lenders or hard money lenders from Mike Butler who has never gone to a bank to buy an investment property. To GRAB Your Own Copy of 1 Page Offer Form, visit http://AskMikeButler.com/1pageoffer
Views: 9318 MikeButlerDotCom
See Your Home's Value: http://keithmay.com/sell This is the contract primarily used when buying or selling real estate in the state of Oklahoma. Learn about the Oklahoma real estate contract and a REALTOR in Oklahoma that can help you use it to buy or sale real estate in Oklahoma.
Views: 45 keithmayrealestate
www.FavoriteRealEstate.com California Residential Purchase and Sale Agreement - Part 2- https://youtu.be/F90tk7RAGZ4 California Residential Purchase and Sale Agreement - Part 3 https://youtu.be/I0oZM5-S0vI To see or video on the California Residential Purchase agreement - Parts 4 and every other paragraph... Click here for a Free 14 day trial to our community. No credit card required... https://www.winnerscheck.org/offers/7ap8yF4z CA Attorney Realtor John McConnin Provides an Intro and reviews the fist 2 sections of the CA RPA. The California Residential Purchase and Sale Agreement from the CA Assoc of Realtors Per requests I have received I created a video for every clause in the California Residential Purchase and Sale Agreement and posted in the members area at Winnerscheck.org.
Views: 10678 John McConnin
Agreement for Sale of Property is an agreement that is executed between Buyer and Seller before Sale Deed of the land or property is executed. Let's understand the terms and conditions of the agreement and how property is bought and sold through it. Related Videos: Property Registration Process: https://youtu.be/S3KW_a4lLHc Encumbrance: https://youtu.be/Ab-Ugt50fS8 Clear Title: https://youtu.be/s1_6vIldGng Sale Deed: https://youtu.be/pPezwHazJPA किसी भी संपत्ति का Agreement for Sale एक ऐसा अनुबंध होता है जो क्रेता और विक्रेता के बिच Sale Deed निष्पादित करने से पहले किया जाता है। आइए जानते हैं की Agreement for Sale के क्या नियम व शर्तें होती हैं और कोई भी सम्प्पति कैसे खरीदी और बेची जाती है। Share this Video: https://youtu.be/3L2ninpXC4c Subscribe To Our Channel and Get More Property and Real Estate Tips: https://www.youtube.com/channel/UCsNxHPbaCWL1tKw2hxGQD6g If you want to become an Expert Real Estate investor, please visit our website https://assetyogi.com now and Subscribe to our newsletter. In this video, we have explained: What is an Agreement for sale of a property? How is Agreement for sale different from sale deed? What terms and conditions are included in the Agreement for sale? How property is bought and sold through Agreement for sale? What is earnest money? किसी भी संपत्ति का Agreement for Sale क्या होता है? क्या Sale Deed से अलग होता है Agreement for Sale? ऐसे कौन से नियम व शर्तें हैं जो Agreement for Sale में शामिल किये जाते हैं? Agreement for Sale के साथ संपत्ति कैसे खरीदी और बेची जाती है? Earnest Money या Advance क्या होता है? Make sure to Like and Share this video. Other Great Resources AssetYogi – http://assetyogi.com/ Follow Us: Twitter - http://twitter.com/assetyogi Pinterest - http://pinterest.com/assetyogi/ Google Plus – https://plus.google.com/+assetyogi-ay Facebook – https://www.facebook.com/assetyogi Linkedin - http://www.linkedin.com/company/asset-yogi Instagram - http://instagram.com/assetyogi Hope you liked this video on "Agreement for Sale".
Views: 142201 Asset Yogi
Visit: https://www.commercialagentsuccess.com/ for streaming video training for commercial sales and leasing professionals Show host Michael Bull recently had the opportunity to co-instruct a continuing education class on commercial real estate contracts for brokers, developers and investors with attorney Seth Weissman. It it was like the old EF Hutton TV commercial — everyone leaned in and listened. Regardless of the experience level, attendees commented that they enjoyed the class and learned valuable intel. Mr. Weissman agreed to join Michael for this show to share valuable tips, strategies and best practices related to commercial sales contracts. While only lawyers should write contracts, everyone should understand them. If you have any questions or comments for Michael or Seth on this topic, or if you would like to discuss any commercial real estate related endeavors, you're invited to contact us at 888-612-SHOW.
I am showing how I would complete a Purchase and Sale agreement in more detail. I follow the same basic template on each deal when I buy subject to the existing financing. Afterwards, I fax the agreement to my real estate attorney to check title. If you are new to Real Estate please do me a favor and lend my your opinion on the quick form on how to best offer assistance to aid you in getting your first deal. For a copy of the P&S agreement and additional lessons Click on the link below and join our Real Estate Newbie Mastermind on Patreon for a FREE copy of real estate contract. https://www.patreon.com/posts/how-to-complete-8054744 Need Real Estate Coaching or Mentoring http://goo.gl/gdK1oE Please leave any questions or comments.... Serious about getting results instead of excuses click below http://goo.gl/3n7aeD Join our real estate newbie Facebook Group http://goo.gl/nz1bZB
Views: 14188 James Bealer
http://www.leasepurchaseagreementmadeeasy.com - Using a lease purchase agreement is a fairly common real estate transaction. They are most often used when you have a true buyer for your house that just requires some time before they can close on the purchase of the property. However, this is not the only type of situation where a lease purchase would be the best type of transaction to structure in order to meet the objectives of both the seller and the buyer. The term (length) of the agreement is clearly laid out and agreed to in writing before the buyer gives the seller a deposit and moves into the property. Most sellers prefer to get a pretty good size deposit to confirm that they are dealing with a genuine buyer. A typical time frame for closing is anywhere from a few months to a year. They can be used to structure longer term deals. However, if the initial term of the agreement is going to be over 36 months, a different type of contract should probably be considered. A lease option would probably be a better choice if you have a tenant that simply wants the option and not the obligation to buy the property. With a lease purchase you and the buyer are actually going to draft a real estate contract with a set closing date anywhere from a few months to a couple of years out. The time-frame agreed to should be carefully considered by both parties before the documents are signed and fully executed. Naturally, the buyer is allowed to close on the purchase sooner if things work out that way. Obviously any type of contract, including real estate agreements, can be renegotiated if all the parties involved agree and the lease purchase form does allow for a one-time extension of the closing date under certain terms and conditions. However, things typically go better if all parties have a clear expectation of when the actual transfer of the real estate title and full payment to the seller will happen. Often the buyer is already working with a mortgage broker and has a pretty good idea of when they will be able to get the loan to close on the purchase. Before moving into the property the buyer will make a purchase deposit (not an option deposit). The lease purchase agreement will be attached and have supremacy over the real estate contract. If the buyer defaults on any of the terms of the agreement, you will typically have the right to eject them from the property and keep their deposit. Obviously that would be a worst-case scenario. Ideally, they will rent the house for a few months and then close on their contract.
Views: 4061 Jeff Hollyhand
This video will show you which addenda to use with your Maryland purchase contract as you put your offer together. Tim Brooks and the Ultimate Selling Team are a premier real estate team in Maryland. They work with buyers and sellers. They can be reached at 301-693-3333 or on the web at http://ultimatesellingteam.com Tim is always looking for talent to work with on his team.
Views: 1265 Tim Brooks
UP-DATED FEB 2016: 5 Tips from the Lease Purchase Coach on How to Structure a Lease Purchase Option Contract! YOU BETTER LEARN THIS NOW OR FOREVER HOLD YOUR PEACE! .....2016 Note: There are a lot more lease purchases going on again. Now you have to pay more attention to the agreement you will be signing. So many real estate agents are now offering lease purchase listings and 97% of them DO NOT KNOW WHAT THEY ARE DOING! You wouldn't believe in the things they are coming up with in their lease purchase agreements! Then there are sellers that come up with a lot of crazy stuff they stuff into their agreement. LEASE PRUCHASE OPTIONS are a wonderful concept for a lot of people who can not get a mortgage now, but YOU HAVE GOT TO BE SMART WHEN DOING A LEASE PURCHASE. That's why I am putting this video up again. Hope it helps but if you want a Lease Purchase Option Consultant, that is fi you are trying to do this on your own, please call me at 678-294-6548. #leasepurchase #LeaseOption #lease #RTO
Views: 1683 Shirley Farrington
Arizona Real Estate License Test Prep: Purchase Contracts Part 2 Copyright 2017 Hogan School of Real estate, Inc. All Rights Reserved. IV. TYPICAL PROVISIONS FOUND IN PURCHASE CONTRACTS A. Contingency Clause: Makes the sale contingent upon a certain event. Failure to fulfill the contingency voids the contract. 1. Mortgage Contingency Clause: Makes the sale contingent upon the buyer obtaining financing. Usually specifies the loan amount, interest rate, terms and the date by which the buyer must obtain a commitment. 2. Other Common Contingencies include: home inspection and roof, mechanical equipment inspections and termites. 3. Evidence of termites could include rotted wood and cellulose debris. B. Escrow Instructions 1. Escrow agent is a disinterested, neutral third party hired to close the transaction. 2. The escrow company is hired by and acts as the agent of the buyer and seller. 3. If there is a conflict between the pre-printed words and written words in the contract, the written word prevails. C. Prorations: Specifies what items will be prorated and the date of such proration (commonly date of closing). D. Time is of the Essence 1. Contract contemplates a punctual performance. 2. Parties agree to make diligent effort to complete the transaction within the agreed time periods. E. Title Insurance 1. It is the seller’s responsibility to deliver a clear title. 2. Evidence of clear title is most commonly an Owner's Title Insurance Policy. F. Default & Remedies 1. If buyer backs out for no valid reason the seller may: a. Allow buyer to withdraw without penalty. b. Retain earnest money as liquidated damages. Liquidated damages: The amount pre-determined by the parties as the total amount of compensation an injured party should receive if the other party breaches a specified part of the contract. c. Sue for damages or for specific performance. Specific Performance is a court order to enforce the terms of a contract. 2. If seller backs out for no valid reason the buyer may: a. Let the seller back out. b. Sue for damages or for specific performance. G. Warranties: Until closing, the seller agrees to maintain the property in substantially the same condition as of the date of the contract. H. Risk of Loss: If property is damaged prior to closing, the risk of loss is on the seller and buyer has the option of voiding the contract if change in property is substantial. I. Representations 1. Defects in the property: a. Obvious defects- Buyer is responsible. Caveat Emptor (let the buyer beware) applies. b. Latent Defects (Hidden defects)- Seller is responsible. c. Agent must disclose all known defects to the buyer. 2. Agent must use care in making statements to buyers: a. Puffing the goods: Making overstatements of personal opinion, is not considered misrepresentation. b. Misrepresentation (Negligent misrepresentation): False statements of material facts which a party relies on to his damage. c. Fraudulent Misrepresentation: Occurs when a person intentionally misrepresents a fact. 3. Liability: Agent can be held liable for misrepresentations either by commission or omission when within agent's area of expertise. 4. Errors and Omissions (E & O) insurance insures licensees against errors or omissions the agent makes. Similar to malpractice insurance for doctors. J. Indemnification Clause (aka Hold Harmless Clause): Provision whereby one party agrees to protect another party from damages or lawsuits. V. RESCISSION OF CONTRACT The legal remedy of canceling a contract and restoring the parties to their original positions prior to entering into the contract. VI. DISPUTE RESOLUTION A. Mediation: A dispute resolution process conducted by an independent third party mediator who works with the parties to help resolve their difference(s). If unsuccessful the next step for the disputing parties is binding arbitration. B. Arbitration: The non-judicial submission of a dispute to a third party arbitrator with both parties agreeing, in advance, to comply with the final decision of the arbitrator. In a mediation, the mediator works to have the parties come to a resolution on their own. In arbitration, the arbitrator imposes his/her decision on the parties.
Views: 2819 Hogan School of Real Estate, Inc.
http://www.charter-home.com/ When you make an offer on a home - you are entering into an enforceable contract. There are many aspects to that contract that can impact the home-buying process. In this lesson, I will explain what contract contingencies are and how they can work for or against you when you are looking to buy a home. So what are contingencies? When you write an offer on a property – you are essentially creating the first half of a contract. It is the contract document, that if signed by the seller, is in fact an enforceable contract. You’re making commitments in exchange for commitments from the seller. What are Contingencies? Contingencies are the set of limitations that allow you the right to cancel that contract, should some criteria – contingency – not be met. So, for instance, you might have inspection contingencies. In California, buyers are very well protected. You have the right to inspect a property and then make your decision. By default, in California, you have 17 days to make a decision, however, that can be changed when you write an offer. You have the right to decide after conducting your inspections whether or not you’d like to purchase the property. You don’t need to offer any explanations as to what you didn’t like – besides, there’s too many variables and it doesn’t really matter. You are given the opportunity, with an inspection contingency, to have use a home inspector, a pest inspector, or maybe even a roof inspector. You can do whatever inspection you want with the understanding that you will be responsible for any damage caused to the property. Basically, you can do all the inspections you need to do to be satisfied that the condition of the property is up to your standards. At the point that you release that contingency, you no longer are able to cancel the contract for that reason without some penalty. What are Penalties? The penalty in a contract is usually described, at some point, as a liquidated damage or as some agreed upon amount. In most California contracts the liquated damages are equal to the amount of a deposit. So let’s say that you’re doing your inspections and you release all of your contingencies and then without explanation – you cancel. Well, there’s a very good chance that you could lose your deposit if that was the agreed amount in liquated damages. So the contingencies are the reasons you’re able to cancel a contract without losing your deposit or whatever that agreed upon amount of liquidated damages might be. Now this is going to include things like an appraisal. So if you offer $300K for a home and the appraisal comes in at $280K. Well you have an out in the contract, you don’t have to go forward with the contract because the home didn’t appraise at the amount you agreed upon. However, in all likelihood, you would negotiate some solution with the seller. But that is what allows you, technically in the contract, the right to cancel without a penalty. Types of Contingencies Contingencies generally include things like inspections, appraisal, and loan approval. For instance, if you’re unable to get to get the loan you’re able to cancel. But remember at the point that you release those contingencies, you’re abandoning the right to cancel the contract based on those reasons. Therefore, it’s important to stay ahead, while you’re in contract, of those topics that are your reasons for cancelling. This is because you will face a point – some point during the escrow – where you’re going to release those. So you want to know that the inspections have been done and that you’re good with the property – or if you’re not then you’ve agreed to the repairs. You’ve done the appraisal and it came in at value. The loan is approved and you’re feeling solid and confident in the loan. Then at the point that you’re feeling certain and “good-to-go” then releasing the contingencies. Why Are They Important? If you delay on those, if you’re not staying ahead of the inspections, and the timelines in the contract come due – the seller is likely to insist that you release contingencies – making your money non-refundable. That’s a very vulnerable place to be. You don’t want to lose your deposit money by releasing contingencies when you don’t know if something has been satisfied. So that’s why it’s so important to stay ahead of the timelines in a contract because the seller’s side is going to monitor those timelines as well and is going to want you to release contingencies at that point in time.
Views: 3657 HomeOwner University
http://www.property-mastermind.co.uk In this video, Simon Zutshi explains why Purchase Lease Options (or PLO's as they sometimes called) are a perfect strategy to use in the current market conditions. There are many UK landlords who are considering selling up and retiring early because of the new Section 24 tax changes. This means that landlords who hold property in their own names (which most do) and are higher rate tax payers, will be paying more tax due to Section 24. Purchase Lease Options can be used in conjunction with many other strategies such as Houses of Multiple Occupation (HMO's) and Serviced Accommodation. If you would like to find out more about how you can use and profit from Purchase Lease Options, then you might want to read to listen to Simon Zutshi's book, Property Magic - available on Amazon and on Audible. Chapter 6 in Property Magic is all about Purchase Lease Options.
Views: 16542 pin App - property investors network
This course was given on July 15, 2010 and is a comprehensive review of the Residential Real Estate Purchase Contract and some of the most important associated forms offered by the Columbus Board of REALTORS® to its membership. Designed for both the newly licensed agent and the experienced salesperson, the course reviews the key concepts and clauses in the contract and associated forms, with the goal of helping attendees make effective and problem-free use of the materials. Particular emphasis is placed on understanding the notice requirements and contingency clauses, as well as the mechanics of the Inspections and Tests section. Also covered are the new Short Sale forms and issues raised by non-traditional transactions (i.e. land contracts, leases with options to purchase, etc.) Instructor William Fergus is a partner with Peterson, Ellis, Fergus & Peer and he practices in areas of real estate law, business law, estate planning and probate law.
Views: 5017 LibertyCore News
Need help with Real Estate Legal Fees in Ontario. Call us today at (647) 557-6373 and we'll get you connected with our Realty Lawyer who can help. Purchasing a home is probably the biggest and most pricey purchase most of us will ever be a part of. It can cause sleep deprived nights the first time we go through the experience. Most of these deals are handled with the help of a realty representative and a real estate lawyer. There are always legal fees involved, as a realty lawyer is required to draw up all the legal documents. Your realty agent normally charges a commission of between 3 % and 8 %of the invest in cost if they close the sale. The commission percentage is base on whether the property is listed on MLS (Multiple Listing Service), or whether it is an exclusive listing with only your agent. Buying or selling of any land should always be done in writing for it to be enforceable. A contract, called an Agreement of Purchase and Sale is typically drawn up from a standard contract recommended by the local Ontario realty board. The Arrangement of Purchase and Sale can go with numerous phases with offers and counter-offers being exchanged in between the seller and the buyer. Each change is initialed by the parties to acknowledge arrangement of the changes. After numerous rounds of negotiations. The contract may reach a point where it is becoming hard to comprehend, so a request for a re-draft of the contract would be wise. Having a re-drafted copy of the amended contract will ensure that there is no confusion or disputes at a later date. Your real estate lawyer will help to ensure that all these things are in order, so that there is no delay in your closing date. Call us today at (647) 557-6373 to speak with our Real Estate Lawyer who can help with Real Estate Legal Fees in Ontario. https://www.youtube.com/watch?v=phtj4lW0Jh4 #RealEstatePurchaseAgreement #RealEstateLegalAdvice #RealEstateLegal #realestatelawyertoronto
Views: 847 Real Estate Lawyer Toronto