Easily Hide Date Field from the Land Contract

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How to Hide Date Field from the Land Contract

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[Music] alright guys in todays video were gonna talk about three benefits of land contracts I have my business partner Brent Fisher here and we have a real estate portfolio of nine units we have two properties theyre both multi-family and our first one we got was off of the land contract and land contracts highly recommend them a lot of business their property owners dont do them because they want their cash but if you find someone in the position that owns a property free and clear and they want to be the bank so essentially theres a person who owns a piece of property and instead of them selling it through a bank through traditional financing they act as the bank right so they have this piece of property so lets say for example I own a piece of real estate Brent says he wants to buy that piece of real estate he could approach me and say hey Chris would you be willing to sell this property to me off the land contract now what that means is were gonna negotiate terms of the sale

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How do you get out of a contingency contract?

Kick-Out Clause If another qualified buyer steps up, the seller gives the current buyer a specified amount of time (such as 72 hours) to remove the house sale contingency and keep the contract alive. Otherwise, the seller can back out of the contract and sell to the new buyer.

What does EMD mean in real estate?

To prove the buyers offer to purchase the property is made in good faith, the buyer makes an earnest money deposit (EMD). The buyer might be able to reclaim the earnest money deposit if something that was specified ahead of time in the contract goes wrong.

What does having a contingency mean?

A contingency is a clause that buyers include when making an offer on a home that allows them to back out of buying the house if the terms of the clause arent met. Without a contingency in place, buyers risk losing their earnest money deposit if they decide not to purchase the home after making an offer.

What does contingency mean in real estate?

A property listed as contingent means the seller has accepted an offer, but theyve chosen to keep the listing active in case certain contingencies arent met by the prospective buyer. If a property is pending, the provisions on a contingent property were successfully met and the sale is being processed.

What is a contingency clause?

A contingency is a clause that buyers include when making an offer on a home that allows them to back out of buying the house if the terms of the clause arent met. Without a contingency in place, buyers risk losing their earnest money deposit if they decide not to purchase the home after making an offer.

What does remove contingency mean?

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.

What does no contingency mean when selling a house?

A no-contingency or non-contingent offer means that a buyers offer has been accepted by the seller and there are no further contingencies to be met in order for the house to be sold.

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Hide Date Field from the Land Contract