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Updated over 5 years ago,
"Subject 2 Contract"
Hey guys,
So we found a deal we are working on, and we're going to use a traditional bank and mortgage for it. However, from listening to the podcasts for awhile, I realized that a "Subject to" deal could be perfect for this.
The seller has accepted a job in China and is leaving around August 20, 2016. We could go through the longer closing with the bank, or go through the creative financing route. We could make more money from the deal, and also get the seller a bit more profit for them by doing it that way.
Long story short: My main question is, I was wondering if anyone had any sample contracts I could use for making the person feel more comfortable. The person is a manager at the place that I work, so we are all fairly close and trust one another. I want to do it right.