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Updated about 3 years ago on . Most recent reply

User Stats

31
Posts
9
Votes
Mike Hourihan
  • Investor
  • Montgomery Village, MD
9
Votes |
31
Posts

Need a sales contract template for FSBO sale

Mike Hourihan
  • Investor
  • Montgomery Village, MD
Posted

I found a good off market deal and the seller is accepting offers.  I have pre-approval letter and a title company lined up.  I'm not working with a realtor yet, but if my offer is accepted, I will be hiring someone to do the full contract electronically.  For now, I need an initial sales contract.  Does anyone know of one I can use for MD?  I see that you can create one on RocketLawyer.com.  Has anyone used that?  Any advice is appreciated.  Looking to make an offer today or tomorrow!

Most Popular Reply

User Stats

31
Posts
9
Votes
Mike Hourihan
  • Investor
  • Montgomery Village, MD
9
Votes |
31
Posts
Mike Hourihan
  • Investor
  • Montgomery Village, MD
Replied

I had emailed a title company earlier today for a quote on title fees and I asked this question.  The attorney called me and explained that a letter of intent will suffice and is non-binding as nothing is signed by the seller.  He advised me to list the terms and copy him on the email and let the seller know that if she wants to proceed, he can send us a contract to sign.  I'm drafting up the email now.

Thank you for the input @Caroline Gerardo and @Garrett Cole Tompkins

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