Get all your burning questions about a purchase and sale agreement answered here!…
*** DISCLAIMER *** THIS EPISODE IS FOR EDUCATIONAL PURPOSES ONLY… PLEASE SEEK THE APPROPRIATE LEGAL ADVICE FROM AN ATTORNEY WHEN DEALING WITH CONTRACTS & FORMING SYNDICATIONS
What type of contract is used- same as residential? [1:59] How to engage an attorney [2:13] Intro to the purchase and sale agreement [3:59] Make sure you have this [4:24] What about an LLC? [4:40] What is an earnest money deposit? [4:45] Pitfall to avoid-one [5:00] Pitfall to avoid-two [5:33] How to be more competitve with a stronger offer [5:51] How does title insurance factor in? [6:05] What is a UCC search? [7:02] What happens If I back out? [7:25] Time is of the essence! [7:50] One of the first things you should do [8:14] What is estoppel? [9:01] How brokers are paid [9:30] How a seller tried to “take the $ and run”! [10:02] What about taxes? [11:54] Big golden nugget [12:08] What if I’m assuming the loan? [13:27] How about seller financing? [13:36] How does wholesaling work? [13:46]
Anything else you would like to know? Let me know!