Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

18
Posts
2
Votes
Chris Kates
  • Wholesaler
  • Spring, TX
2
Votes |
18
Posts

Experienced Wholesalers

Chris Kates
  • Wholesaler
  • Spring, TX
Posted

What contract do you  suggest I use, the trec 20-12, or a one pager? Or if you could suggest something that's been working for you, that would be great. 

Thanks, Chris K. 

Most Popular Reply

User Stats

2,078
Posts
1,810
Votes
Hattie Dizmond
  • Investor
  • Dallas, TX
1,810
Votes |
2,078
Posts
Hattie Dizmond
  • Investor
  • Dallas, TX
Replied

PS...we tried a couple of different approaches, but almost everyone who owns property in Texas is familiar with the TREC style and form.  As long and complex as it is, it seems to create a greater air of legitimacy and a level of comfort for the seller.  Plus, the length and complexity means, if you use it properly, there really shouldn't be much you need to add to it.  Section 23 is a huge win and eliminates the need for all the goofy "weasel clauses".  Give yourself 10-working days.  If you can't figure out whether to proceed by then, you don't need to be buying the house.  But, Section 23 means you can cancel for any reason or no reason at all, and the only thing you lose is the small Cancellation Option fee you paid under that section.

Loading replies...