Contracts in Real Estate (Colorado)

[Ryan Kelley]

I am a new-ish agent who got a lot of help in my first and only deal.

Lately, I have been reading the various contracts involved in a transaction. I am slowly gaining confidence as a result.

I don’t see a lot of contract questions specifically in this forum. I am looking for general resources or YouTube videos that break them down into simple language.

Do any of you have general resources for real estate contracts?

[Anna Laud]

@Ryan Kelley

Hi Ryan! 

There are a few different ways that you can access forms to take a look at and get familiar with them. If you're a member of the National Association of Realtors, you should have a Zip form login that's State specific for your needs. 

Here, you can create 'mock' documents that in configurations can be set up to not manually upload into your brokerage's interface/software. In the left sidebar menu, if you hover over one of these documents, you can see a drop down menu appear where there's an option to not only preview, but 'print sample'. It helps sometimes to have a hard paper copy in front of you to look at and get familiar with. 

These can be downloaded after you've completed them, and then uploaded into whatever GUI/software your brokerage uses. Some forms should be brokerage wide in being available on their software/system, others recommend Digisign etc in conjunction with this. Personally, I prefer docusign and I pay for the premium version- ease of use and I don't need email reminders etc. 

For the most part if your contingencies are in place for an offer, and you've got the proper timing in place (response to offer, response to inspection, etc.), you should be good. I can only advise that you speak with someone local about this as it varies market to market in what is normal for wording. 

https://www.docusign.com/

https://www.zipformplus.com/

https://www.investopedia.com/f... (just a quick read that may be of use)

Hope that helps some!