All Forum Posts by: Sebastia H.

I would find a contract on BP in the FilePlace. Take that to a RE attorney in your area, pay them to help you make your own contract, then handle business worry free. 

I would have for you to get caught up in some type of crack that you didn't see. 

Good luck bro. Nice assistance by the way @Mary B. 

Ok, when I visited the link you've enclosed and I sought out the two specified contracts mentioned above. I ran my cursor over them and learned per legalcontracts.com it gives the explanation in variance of what they are servicing when utilizing these contracts. The following is what's quoted for the two:

"the offer to Purchase real estate is set out to terms and conditions between a buyer and seller in a real estate transaction".  

"A real estate purchase agreement is a sales agreement for completed homes. legalcontracts' real estate sales agreement deals with new houses(construction completed). It contains additional disclosure forms if required."

From what I can tell one is used for completed fully rehabbed homes and another is for the opposite type of house, per the description. 

When you are using contracts from various websites you will often receive a variety of agreements stating a variety of things. I'm no attorney and this isn't legal advice. You can find a real estate attorney that's licensed in your state or the state that you choose to do REI business in to draw up contracts to your specification or you can find a general contract befitting the legalities of your state / the state that you choose to do REI business in and use that. legalcontracts.com offers templates and it may be ok to use but you need to know if its up to date on the current real estate laws in the state that you are doing REI business in.

Kudos,

Mary

The P&SA is used to make an offer to purchase. Doesn't matter if your strategy is to wholesale, lease/option or whatever to secure profit. They are one in the same. Maybe you meant to word your question another way, idk. Perhaps you meant to ask about Option to Purchase Contract vs Purchase & Sale Agreement...

Kudos,

Mary

@David Avetisyan  Its just something that popped on my mind, any city is good for me.

@Sebastia H.  Great!

@Justin Wragg  Great!

How does Tuesday next week sound? After office say 6pm? Im available anytime tho.

@Sean Hurwitz Are you in?

Sebastia, I typically use the escrow company preferred by the seller, but American Trust Escrow seems to be popular. You will have to negotiate rates with them. 

As for Tuesday, I may be hard pressed to make it, but I will try - keep me in the loop on the location. 

Hello!

My name is Francesca and I am totally new to the real estate field. I am an architectural designer that is interested in having additional sources of income through rental and fix-flip properties. 

The Southern California market seems hard to get into, so I am interested in getting into out of state and international markets (especially Asia) as well. 

I am pleasantly surprised by the very active and useful (and free!) community that exists here. I am eager to learn as much as I can from everyone else.