NONE of this is legal advice. Please consult an attorney. This is just a generalized knowledge of what is in the specific contract shared below. In no way do we claim that readers may use this contract and be covered under their states and or federal law.

Here’s a sample contract (DO NOT USE - HIRE A REAL ESTATE ATTORNEY TO MAKE YOU A CONTRACT FOR YOUR SPECIFIC STATE)

When getting into contract with a seller there's some things you need to be aware of;

First, are all the decision makers involved and signing the Purchase Agreement?

Second, how much EMD are you putting down? EMD is Earnest Money Deposit and is money that you put in escrow to show the seller you are serious and ready to purchase the property. If you don’t cancel the contract before your inspection date is up, you may be subject to loose your EMD.

Third, when are you going to close, and what title company are you going to use? Not all title companies do “assignments of contract”, so call around to find which ones do.

• You will also want to see if in your state title and escrow go through an attorney or a title officer.

Fourth, when is the seller vacating the premises? If it is after the COE (close of escrow), you may want to consider having title hold back $20-40k of the funds until they leave. Contact me if you need help with this [email protected].

Fifth, how long is your inspection period? This is your time allotted to find a buyer, or do additional inspections to verify condition of the property. Make sure you specify this, and back out of the sale if you aren’t prepared to continue with this contract before the end of the inspection contingency.