I understand that when I'm doing transactions with a buyer or seller that I'm representing, that the Pennsylvania "stock" agreement of sale must be used.That said, like many investors I have a much shorter and simpler two page agreement that I have used up to this point when purchasing properties direct.  

Thanks, guys - Jason - with the option agreement, how much do you typically pay the landowner in order to market the parcel exclusively?

I think I won six auctions before I finally got the property - it would be listed, taken down, and relisted over and over.After I won the auction, it took over one month from the close of the auction to get a completed purchase agreement.  

I am 100% in Agreement with @Jay  You MUST learn HOW to Sell...

(footnote: they don't believe in email. so it wasn't an option.)THE SOLUTION:After spending the evening thinking it over, I figured I could offer a less "daunting" offer by presenting an "Option to Purchase" contract instead of a blatant "Purchase and Sale agreement with assignment clause", which would leave them locked in with me for 30 days.The difference in these two contracts (from my understanding), is that an "Option to purchase" contract would allow the seller to still sell the property to whomever they wanted, while I would also simultaneously be able to market the home at 0 cost to them for 30 days.If a buyer approached them with an offer that was higher than the one in my option contract, they would give me the opportunity to "match the offer", or I could simply walk away from the deal and they could go with the higher price.THE FAIL: As I was fighting traffic demons to get to their property by 3PM, I gave them a call to let the seller know I'll be there soon.

Do I present the seller a copy of my purchase and sale agreement that I had drawn up?

Hi Marquest,I'm new to investing, yet to do my first deal, but as I understand it, your contract / Purchase and Sale Agreement is not legally binding until it is filed with a Title Company or Attorney and your Ernest deposit has been made (which should be mentioned on your contract).

Can you make this "contracts or agreements" whatever the official name is? 

We don't know what the appraisal value will be, so we are afraid that the agreement to this price change addendum will put us in a unfavorable position in case the buyer comes back to negotiate down the price due to a lower appraisal value.3.

@Tom HarringtonThere are two main advantages an LLC has over anS-corporation.One advantage is that an LLC is governed by a private Operating Agreement that affords the company a tremendous amount of flexibility, whereas an S-corporation is governed by statutes and bylaws that limit the flexibility the company has with respect to management, profit distributions, meetings and more.