Real Estate Investing Purchase And Sale Agreement

Don discussed how to make real estate investing a priority, explaining that it only seems complicated when you're over-thinking things. He shared how to make sure you have an “out” until close of escrow and how taking action reduces fear.

Don then walked step by step through the purchase and sale agreement he uses. Some of the bigger items he covered include:

• use title report for legal description
• earnest money deposit – low to high amounts, buyer’s money
• buyers pay closing costs
• what happens if car hits property during contract period
• how to handle property taxes, rents, and deposits
• how to assign contract
• should you do kitchen-table closings
• should you include title insurance
• disclose real estate license
• how to negotiate access
• should you inform seller or profit motives
• what happens with contract defaults
• expiration dates for contract offer