Hide Calculations into the Real Estate Purchase Agreement

Aug 6th, 2022
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How to Hide Calculations into the Real Estate Purchase Agreement

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due to several requests on todays video Im gonna do a tutorial on exactly how to fill out a real estate purchase and sale agreement and specifically what you need to include to make sure the contract favors you the investor now this is a video you dont want to miss because Im also going to show you how to fill it out digitally in minutes so that you and the seller can sign it electronically making it completely paperless not to mention easy and convenient Im also gonna share with you how to get my contracts for free all of that and more coming up I just you know are the nations leading expert on flipping houses and if youre new here to make more money in less time flipping houses so you can live your dream life subscribe to my channel click the bell I kind of get notified when new videos are released okay here it comes I am NOT a lawyer nor am I giving legal advice you are a big boy or big girl you are responsible for your actions so all we see competent professional legal advic

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When do you start to count? This is how it works. If you wrote in five days and lets say today is the ratification date then tomorrow will be day 1 , 2, 3, 4, 5 , and on the fifth day if you are using the GCAAR Sales Contract you have until to 6 p.m. EST on that day to give the home inspection notice.
Answer: Starting with the effective (final execution) date of the contract, the first day of the period starts the next day. Each day is counted as calendar day.
Therefore, when negotiating the number of days for any contingency agreement or addendum in the contract, it is important to consider business days, weekends, and holidays. It is not uncommon for a contingency period to include all three.
The required period for performance on a Notice to Perform is two days or whatever is agreed by the parties in the RPA (in no event can it be shorter than 2 days). The first day that the Notice to Perform is delivered is counted as Day Zero and the next is Day One and so forth.
Typically purchase agreements are contingent on inspection contingency and financing contingency. The inspection contingency clause in a purchase agreement requires the buyer to inspect the property before signing the contract.
Everyday must be counted regardless if its a weekday, weekend, or holiday. There are two exceptions here. The escrow deposit is the first exception and allows for three business days. The second exception is when the last day falls on a Saturday, Sunday, or holiday.
At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.
Removing the loan contingency means you agree to pay the purchase price for the property even if you dont have a home purchase loan. You should only remove the loan contingency in a purchase agreement if youre a cash buyer or are absolutely certain you will obtain financing.

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