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Carlton Sheets, Beginners, Courses, Gurus, General Forum
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Absolute MUST Clauses
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TMCG
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Posts: 1056
Absolute MUST Clauses
«
on:
July 12, 2006, 06:52:20 AM »
The books can tell you some things. I'd like to hear it from real time investors.
What clauses do you absolutely put in your contracts when
Selling
Buying
Thanks.
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blueboxer
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Posts: 178
Re:Absolute MUST Clauses
«
Reply #1 on:
July 12, 2006, 07:39:47 AM »
Read this article:
http://ezinearticles.com/?Purchase-Agreement-Clauses-That-Save-Your-Butt&id=186534
I just came back from the book store yesterday looking for the best clauses.
Here are a few
Access to property before closing - So you have inspectors/contractors, and whomever else who want see the property before closing. If they refuse or dont allow you time, you can get out.
Inspection
Choice of Escrow
Right to Extend
Spouses/Partner Approval - A lot of people so dont use, but if you have a business partner, it may be a must
Loan Rate - It would be worded to say that you must receive a certain rate/loan term, or you can not accept the contract.
Good luck!
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