I am curious to the results of the poll…I have always wondered what everyone was using to make their deals.
Well, this is what I did.
I bought agreements from the store for 1$
I took agreements from the Internet.
I took Real Estate agent agreements.
I went to my lawyer.
We hacked all the agreements apart and essentially just added the very good addendums together and made 1 agreement.
Lately though for my all cash offers I’ve been way too lazy and have just used those 1$ bought from the store agreements, probably not something you should do, but it works nonetheless.
I’m something like Tein above:
Started with the standard local Realtor Agreement
Modified it here and there slightly for my benefit, such as who pays what settlement costs, what exception clauses to include/exclude/waive, timeframes for inspections, etc
Modified more as experience dictates and I learn more
I now use two separate Agreements, one when I’m buying, and one when I’m selling. Each is tailored for my benefit in that particular situation.
MAYBE YOU HAVE SOME EXAMPLE TO SHOW US HERE AS A ONE SIZE FITS ALL SCENARIO … TO BUYING REAL ESTATE RESIDENTIAL PROPERTY … THEN WHAT CAN YOU SAY ABOUT COMMERCIAL IN CALIFORNIA AND THE NATION … WILL THE SELLER BE AFRAID OF THE VOLUME OF PAPERWORK THAT YOU BRING TO THE DEAL ? ,
LET ME KNOW
THANKS … I AM TRYING AND HAVE BEEn FOR ELEVEN YEARS TRYING TO GET A GOOD THING GOING IN THE SECOND BEST INDUSTRY OF INVESTMENT !
REAL ESTATE INVESTING !
It depends if I am buying or selling and from whom.
If I am buying from a Realtor I use a Realtors agreement. If I am buying on my own I use an agreement that has evolved over the years from all my negative experiences. This is definitely tilted in my favor.
If I am selling on the MLS I use a Realtors contract with lots of addendums. I I am selling with out a Realtor I use my selling contract which is totally tilted toward me.
I guess the contract is dependent on the deal and how I want it to be structured and how much latitude I feel that I have in the deal.
The Lawyer “thing” is good to CYA…