Insert Mandatory Field in the Offer To Purchase Real Estate and eSign it in minutes

Aug 6th, 2022
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How to Insert Mandatory Field in the Offer To Purchase Real Estate

5 out of 5
33 votes

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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First, it must include a valid home purchase agreement in writing. Second, the contract must contain an offer from the buyer and an acceptance from the seller. Third, the purpose of the contract must be legal. Finally, it must include an exchange of things that have value, like money for property.
Which of the following is a legally-required element of a valid and enforceable real estate contract? A contract must contain a two-way exchange of valuable consideration as compensation for performance by the other party.
Your offer should include: The name of the seller. The address of the property. The names of anyone who will be on the title, including yourself. The purchase price youre offering and down payment. The earnest money deposit. Any contingencies youd like to include. Any concessions youre requesting from the seller.
The contract must be in writing and there must be an offer and an acceptance of said offer. In order for a real estate contract to be enforceable by law, it is required to be in writing.
Essential Elements of a Real Estate Contract The identity of the buyer and of the seller. A sufficient description of the real property to be sold. The sale price, or consideration to be paid for the real property by the buyer. The amount of any earnest money deposit to be paid by the buyer.
Offer, acceptance, awareness, consideration, and capacity are the five elements of an enforceable contract.
Identify the address of the property being purchased, including all required legal descriptions. Identify the names and addresses of both the buyer and the seller. Detail the price of the property and the terms of the purchase. Set the closing date and closing costs.
Required Elements of a Real Estate Contract To establish legality, a real estate contract must include a legal purpose, legally competent parties, agreement by offer and acceptance, consideration, and consent.
The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.

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