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Author: inparadise Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127777  
Subject: Re: Purchase and Sales Contract Date: 1/28/2013 5:25 PM
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As a recovering Realtor®, and an active buyer/investor, you certainly know that *YOU* (as the offerror) can write up & submit *ANY* design of purchase contract you want, right?

A friend of mine who has purchased (and sold, and drawn up private financing) on literally hundreds of properties does it on a single sheet of paper, often by hand on the spot (granted, he's got exactly the perfect phraseology memorized.)

You're the party with the dough... you call the shots!


Hmmm, I am not a lawyer, nor do I play one on TV. Danger danger Will Robinson.

I had one agent in WV give me a contract that their office had drawn up, with her broker supposedly a lawyer. The terms were so nebulous you could drive a truck through parts of the agreement. I insisted we use the WV Association of Realtors contract, and finally dropped her as an agent when she got me one that was something like 15 years old.

This is going to be a property that is won with speedy action. If they have to take time to get a lawyer to look at the agreement because their listing agent is spooked, that allows time for more bids to come in. Luckily, we've had many snowy days here, which had to keep the traffic down at the house.

At least now I am good to just fill in the blanks, at least until the next PAAR version comes out.

IP,
taking note of the document creation date
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