Easily Hide Calculations in the Real Estate Sales Contract

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How to Hide Calculations in the Real Estate Sales Contract

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- Hey everyone, my name is Paul Vojchehoske and welcome to the Real Estate Classroom YouTube channel. In todays video, were gonna discuss a real estate math problem or a real estate math calculation that you have to know for your real estate exam. Its called seller proceeds from the sale and thats what Im gonna show you how to calculate in todays video, so lets get to it. (upbeat music) So in todays real estate math video, Im gonna show you how to calculate seller proceeds. It is a function that you have to know as a real estate professional when youre listing properties, but its also something you have to know for your real estate exam especially if youre taking the PSI exam. If youre taking the PSI exam, I guarantee you theres a high probability that youre gonna have a question or two on calculating seller proceeds. So first of all, what is a seller proceed? It is essentially just the money that the sellers gonna get from the sale of their home, hopefully. Its really

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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What do you have to disclose when selling a house in California?

Under California law, all material facts that affect the value or desirability of the property must be disclosed to the buyer. There is no specific definition or rule on what is considered to be a material fact.

What does on an as is basis mean?

As is denotes that the seller is selling, and the buyer is buying an item in whatever condition it presently exists, and that the buyer is accepting the item with all faults, whether or not immediately apparent.

Do you have to disclose sales price in Texas?

Texas is one of a handful of states that are considered non-disclosure states. This means there is no law that allows the state government, including appraisal districts, to force you to provide it with sales price information.

What is a disclaimer as is?

A warranty disclaimer also called an as is disclaimer is a document or statement distributed to inform consumers that a business does not accept liability for issues with their product or services.

What is an as is condition clause?

What is An As-Is Clause? An As-Is clause is a type of contact clause used in a real estate agreement. Its effectively a disclaimer that tells the buyer they are purchasing a real estate property under their own judgment, and not based on the representation or statement of the seller.

Can you cancel contract with Offerpad?

Can I cancel Offerpad? Yes. If after signing the purchase agreement you decide not to go through with the sale, you can cancel. But unless youre cancelling because you cant come to an agreement with Offerpad regarding repairs and home condition, youll have to pay a fee equal to 1% of Offerpads offer price.

Is there a legal definition for as is?

A term commonly used in agreements for the purchase and sale of real or personal property to inform the buyer that the property is being sold: In its current condition. With any existing faults. Without representations or warranties from the seller.

What is the meaning of as is in a contract?

As is refers to a term used in sales contracts where the buyer agrees to buy a product in its current condition, without legal recourse should the buyer discover a defect in the product after purchase.

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Hide Calculations in the Real Estate Sales Contract