Real Estate Contracts

Learn how to review and execute real estate contracts. This course demystifies these essential documents to help real estate investors approach contracts with confidence.

Introduction

• Introduction and overview

1. Parts and Definition of a Contract

• What a contract is
• Basics of real estate contracts
• Learning the essential parts of a contract

2. Purchase and Sale Agreement

• Identifying the parties involved
• Identifying real property
• Itemizing what is included in the sale price
• How you can lay out the purchase price
• Learn what happens to the deposit and financing contingency
• Solidifying in legal terms, the inspections, and current conditions
• When you need a lead-based paint disclosures
• Layout the closing and occupancy dates and titles
• Seller agrees to a warranty deed to transfer ownership and has a clear title
• Protecting against property tax charges and risk of loss or damage
• Disclosure for condos and other housing with common areas
• Discussion of all other disclosures and equal housing
• Listing the terms and conditions of the contract
• Listed licenses and provisions for buyers and sellers
• Accepting and signing to create a legally binding agreement

3. Contingencies and Details

• Remember the important details
• Contingencies and additional documents

Conclusion

• Your path forward