Easily Hide Value Choice into the Real Estate Purchase Agreement

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How to Hide Value Choice into the Real Estate Purchase Agreement

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today im giving you the last in the series of seller focused videos with tips about getting paid and contracts and were going to discuss how a seller can persuade a buyer to actually walk away from a purchase offer and were going to get started [Music] hello and welcome back to all things knoxville with me ben bereto your local real estate pro and relocation expert for east tennessee before we jump into todays video as always i want to remind you that i make videos just like this every single week so if you like this video and if youd like to see more videos like it please hit the subscribe button give this video a thumbs up maybe share this video with someone that may find it helpful or educational lastly if you are thinking of moving to east tennessee or somewhere in between and you have questions you need information and answers or you just need a great realtor give me a call send me a text shoot me an email or sign me up or you go sign up on my website and uh listen i love hel

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What should be included in an option agreement?

An option agreement may include provisions for the proposed purchaser to assign its rights to a third party or appoint a third party as a nominee to exercise the option. An assignment allows the third party to proceed with the transaction under the option agreement as through they were the original purchaser.

What is an important characteristic of an option to buy agreement?

The seller typically offers an option to buy a property within a limited period. An option contract in real estate ensures that the buyer has exclusive real estate purchase rights. In addition to exclusivity, the buyer is under no obligation to follow through on the purchase.

What is SBSA in real estate?

(This Form Does Not Replace Local Condition Disclosures. Additional Advisories or Disclosures May Be Attached) (C.A.R. Form SBSA, Revised 6/21)

What is always required for a valid purchase agreement?

In order to have a valid contract the law requires that there be an offer made, an acceptance and consideration for the contract.

Which two contingencies are commonly included in your purchase agreement?

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.

Which of the following statements is correct regarding an option contract to purchase real estate?

Unit MC (JM)CA Real Estate Principles QuestionAnswerWhich of the following statements is correct regarding an option contract to purchase real estate?The optionee is not obligated to purchase the property.207 more rows

What statement must be specifically stated in a purchase option agreement?

The statement must state the total amount that you would have to pay to acquire ownership by using the purchase option and by making all the remaining periodic payments scheduled under the RTO agreement.

What must be included in an option to purchase agreement quizlet?

purchase agreement should include the purchase price of the property, detailed list of items to be included and excluded, any home inspection requirements, and financing and title insurance details.

What should be included in a purchase agreement?

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.

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