Real estate investment contracts on toilet paper


Even if your real estate contract was written on toilet paper, it is still valid.

The content of your real estate investment contract is important.

Your financial fate in real estate investing is sealed BEFORE you step into a real estate deal as a buyer. You got involved
be specific about your profit (or loss) before turning the doorknob to enter your attorney’s or title company’s office when it closes. The prepayment of the transaction will be determined upon conclusion of the contract between you as the buyer and the other party who is the seller.

The interpretation of these cold, harsh words is that you need to understand the meaning of the real estate contract that ties the real estate transaction together. Your contract contains effects on the determination of profits in advance.

When we get a real estate investment deal, we usually just resort to a pre-printed contract form that comes from a real estate office or brick and mortar store. We usually lose many of our dealership rights to a stranger who puts together traditional jargon and processes without recognizing that we ourselves have the right to charter this course. Submitting to the legal language of a lawyer who isn’t even a real estate investor or owns more than his own home is the pattern most real estate buyers and sellers follow.

The first rule of law in written contracts is that any sale or purchase of real estate is negotiable. Although the payment of certain closing costs may be customary or traditional for buyers and sellers, we are not bound by this protocol. Without deviating specifications in your contract that dictate your personal direction, the closing agent simply falls back on the usual conventions.

But if you understand your rights as a buyer or seller of real estate, the wording of your contract can actually INCREASE your profit on a transaction. However, these billing conditions must be set out in writing in your contract prior to conclusion. Otherwise, potential profits will fly out of the window.

One of the most euphoric feelings I’ve ever had in this real estate investment business was walking out of a deal with a check for $ 75,000 on a package of some cheap real estate! Like everyone else, I had a use for this money! But those gains were dictated in my personal special contract before closing.

Much more cash is available for the closing to real estate investors who take control of the options available by choosing the wording in the content of their own sales contract and sales contract. This choice is easily available to the real estate investor who understands these rights and applies them when drawing up a personal contract.

The suggestion in this article is not legal advice, but encouragement to seize an opportunity presented by real estate investments. This proposal is not an encouragement to get greedy with legal rights, but rather to indicate that negotiations over the dictates of closing costs are possible. Sometimes transactions are only profitable if these considerations are understood.


Source by Dr.Phil Speer