From the course: Real Estate Contracts
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Identifying the parties involved
From the course: Real Estate Contracts
Identifying the parties involved
- [Instructor] Let's start with section one. Here, you identify the parties involved. The seller and the buyer. Be prepared and have your information already filled in, but don't fill in the seller's information ahead of time. Instead, have the seller tell you the correct information and then write it in. This section also asks for the following information. Under the seller information, you need the sellers name. That's their legal name on the deed, the seller's address, and we have a place for the seller's social security number but this section is optional and don't worry if your sellers are uncomfortable with that. You can just leave it out. The buyer's information. This should be your company name, an entity name if you're buying with an LLC, a trust, or a corporation. In this section, you will also write in after your name or business name, the words and or assigns. This sets up your ability to later assign the…
Contents
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(Locked)
Identifying the parties involved1m 39s
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(Locked)
Identifying real property47s
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(Locked)
Itemizing what is included in the sale price49s
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(Locked)
How you can lay out the purchase price2m 42s
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(Locked)
Learn what happens to the deposit and financing contingency1m 4s
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Solidifying in legal terms, the inspections, and current conditions1m 19s
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(Locked)
When you need a lead-based paint disclosures40s
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(Locked)
Layout the closing and occupancy dates and titles1m 9s
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(Locked)
Seller agrees to a warranty deed to transfer ownership and has a clear title1m 1s
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Protecting against property tax charges and risk of loss or damage54s
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(Locked)
Disclosure for condos and other housing with common areas1m 14s
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(Locked)
Discussion of all other disclosures and equal housing1m 25s
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(Locked)
Listing the terms and conditions of the contract1m 24s
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(Locked)
Listed licenses and provisions for buyers and sellers1m 1s
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(Locked)
Accepting and signing to create a legally binding agreement1m 10s
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(Locked)
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