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Updated about 10 years ago on . Most recent reply

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25
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2
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Miles White
  • Berwyn, IL
2
Votes |
25
Posts

assignment contracts

Miles White
  • Berwyn, IL
Posted

I want to start putting homes under contract but I have no clue on how to do so (help). Do I need to go to a lawyer to draw up an a contract that is custom made for my preference or can I just find contracts online that will do the trick just fine?

Most Popular Reply

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29
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15
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Christopher Gibbins
  • Residential Real Estate Agent
  • Fort Worth, TX
15
Votes |
29
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Christopher Gibbins
  • Residential Real Estate Agent
  • Fort Worth, TX
Replied

There are many different contracts that you can use to lock up a property. But make sure they abide by your state laws. Check out the documents here on BP but stay away from the forms you get a seminars these can and will get you in trouble. Also its one thing to have a contract but knowing what all the statements and clauses in the contract mean and being able to explain it to the seller or end buyer is the biggest part.

I've used the state specific contracts down to the 1 page contracts they all work it just depends on how the deal in structured.

Do a quick Google Search "Illinois Real Estate Purchase Contract" this will give you a start.

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