HELLO EVERYONE, I’M TRYING TO GET EVERYTHING IN PLACE BEFORE MY 1ST DEAL. I’VE NEVER COMPLETED AN PURCHASE OF SALE CONTRACT OR ASSIGNMENT CONTRACT . IS THERE ANYONE WILLING TO EMAIL ME AN SAMPLE COMPLETED CONTRACT??? :help
I don’t think seeing someone else’s contract helps too much. You need to know what your plan and strategies are and have a contract that works with it. If you’re serious about this business, it’s worth getting educated with a good wholesale course that gives you the contracts and how to use them.
Hello reiauctions, I think that it would help to see an sample completed contract, if some courses send a contract or not and tell you that you need to use a purchase of sale contract or assignment of contract with no type of info as how to fill it out, it would be beneficial to me. I can’t speak for an investor who has been doing this already, but I’m new.
Each state has different contract law and what works in one may not work in another so you need to find one that works for your state. I would look into the contract the realtors use and probably attend the contract class realtors take.
As far as an example goes, you provide the name of the seller and buyer, amount of purchase, and who is paying out as far as closing costs. Each contract is different so there is no set rule… it just depends on the type of transaction and different contracts have different languages.
Thanks alot fadiz, I now have 2-assignable contracts for the state of illinois :biggrin