Real Estate Contracts

Course details

Contracts are complicated documents, and working with them can often be intimidating. But if you want to be a successful real estate investor, you need to become a contract pro. This course takes you line-by-line through the most common real estate investing contracts, demystifying these essential documents and highlighting how to approach them with confidence. Learn how to skim contracts for the most important sections. Discover how to check the five clauses that must be included in a contract for it to be legally binding. Plus, get an overview of the key sections of purchase and sale agreements, as well as how to navigate contingencies.
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Concepts

0. Introduction

01 - Introduction and overview

1. Parts and Definition of a Contract

02 - What a contract is
03 - Basics of real estate contracts
04 - Learning the essential parts of a contract

2. Purchase and Sale Agreement

05 - Identifying the parties involved
06 - Identifying real property
07 - Itemizing what is included in the sale price
08 - How you can lay out the purchase price
09 - Learn what happens to the deposit and financing contingency
10 - Solidifying in legal terms, the inspections, and current conditions
11 - When you need a lead-based paint disclosures
12 - Layout the closing and occupancy dates and titles
13 - Seller agrees to a warranty deed to transfer ownership and has a clear title
14 - Protecting against property tax charges and risk of loss or damage
15 - Disclosure for condos and other housing with common areas
16 - Discussion of all other disclosures and equal housing
17 - Listing the terms and conditions of the contract
18 - Listed licenses and provisions for buyers and sellers
19 - Accepting and signing to create a legally binding agreement

3. Contingencies and Details

20 - Remember the important details
21 - Contingencies and additional documents

Conclusion

22 - Your path forward