Hi @Edgar CamposCompletely agree with @Matthew Foucheaux.

You'll hopefully never need the piece of paper, but just knowing (and remembering) what you agreed to is usually enough to keep things going on the right direction.

I'm an investor in the North Country near the Adirondack Mountains.

The criteria came from a gentlemen that was having much success in another part of the country.

I agree with Chris and the title company though: have an experienced legal  professional handle the matter.   

Buyers and sellers can agree to anything,,, then the bank and its appraiser sets the real price it'll trade at.  

I agree, let your assets pay your student loans.

He has agreed to put it on a foundation, fix the roof, construct a garage and whatever else needs to be done at cost and delay his pay until the property is sold.

It was voted the most content area in the country!

..once you are negotiating with the bank and agree on a NET PRICE to them, you can boost the purchase price adding in all rehab costs as part of the deal..you can even have the bank give your Buyers Agent Realtor a $2000 bonus which in most states your realtor can REBATE to you on the closing statement (limited to a max of up to 1% of the agents usual 3% commission..so there's probably a few extra bucks going to your realtor in the end and she will love you for that.