I got my contracts off that book called “Real Estate on Steroids” by Jackie Lange, its on Amazon for a few buks.
The Purchase Contract and the Assignment of Contract is included. Simple 2 pages. They work for any state, I did a house in Maryland and Nevada an one in Mongomery. Getting the property tied up quickly with a signature is most important, and the Title company I suspect might write it up in a more formal and standard contract.
This is insane how simple a contract can be. My Mom wrote up a simple purchase agreement for amount owed, no money changed hands, on a napkin at the restaurant with a distressed seller, on a nice house, which we inherited.
I’ve used a few different contracts over the last several years as I’ve tried to improve and customize it to my business. I currently use a 2-page option agreement that has various clauses I’ve gathered from books, other investors, courses, etc. The option agreement is great because I don’t have to remember to cancel a contract if I don’t find a buyer. The agreement simply terminates with no further obligation.
It discloses that my intentions for the property are to either sell for a profit to another buyer or find someone to move in to the property. That way the seller knows up front what my intent is. I’ve used option agreements for wholesaling as well as for properties I’ve purchased myself.
My title company uses the option agreement to close with, so no need for a full-blown purchase agreement.