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Author Topic: Contract Questions  (Read 1230 times)

Offline tallina_intexas

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Contract Questions
« on: October 24, 2007, 12:52:48 pm »
Once you have located the property owner and agreed to terms what contract do you setup with the seller and then with the buyer?
-Chris Tallina
 Texas Home Solutions

Offline reiauctions

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Re: Contract Questions
« Reply #1 on: October 24, 2007, 09:35:52 pm »
I'm guessing you are thinking of doing a simultaneous close.  Typically you just use a standard sale contract that you would use for any purchase.
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Offline tallina_intexas

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Re: Contract Questions
« Reply #2 on: October 25, 2007, 08:49:00 am »
I plan on starting with just basic wholesaling, would this be the same contract?  I am just wondering what I sign with the seller of the vacant property and what I have my investor or rehabber sign?  Also, where is the best place to get these forms?
-Chris Tallina
 Texas Home Solutions

Offline ericmedem

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Re: Contract Questions
« Reply #3 on: October 25, 2007, 05:03:56 pm »
You can use a standard purchase agreement for your area between you and the seller, be sure that you have some type of escape clause built in, as well as putting "and/or assignees" along with your name when signing the original agreement. Then you can use an assignment contract between you and the buyer. 
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