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Showing posts from May 4, 2009

New Real Estate Contract to Debut Soon

Ready to make that real estate deal? Get it in writing. A written contract is essential to any purchase and sale transaction. But where are you getting that contract and who's form are you going to use?

Lets face it, the blank forms look like endless mad-libs that are already littered with unreadable prose, even before the "missing words" get added in. Which one are you going to use?

There are scores of contract forms available to get to the essence of a real estate deal (the buyer's promise to the seller to turn over a whole bunch of money if the seller forks over a deed and the keys.

By my last count, I have at least 20 of those forms in my collection of contracts accumulated over the last few years. I have worked with nine different pre-printed (form) real estate contracts over the last year alone.

That does not even include the various forms used by new home (and condo) builders or condo conversion developers, each of whom seems to use a different form from the othe…