Do title companies care about contract format

[Rob Grove]

I'm trying to get my first deal under contract and the seller had his property manager/RE agent/guru look at the contract and now I'm negotiating with the property manager.... It's a "contract for the purchase and sale of real estate" I got from BP file place. It covers all the basis but he asked what title company I used and if they accept the contract.  I said the first title company that came to mind and said of course they accept it. I'll call around tomorrow and double check but I'm curious. Im located in Minnesota 

[Ned Carey]

@Michael Glaser I don't see a defaults and remedies clause mentioned. That describes what happens if one party defaults on the contract.

The length of the contract is not important. What is important that you understand what is says and what you are agreeing too.

Other things I see left out are; adjustments for taxes and other costs, who pays closing costs and exactly which party pays what costs, What kind of deed is being conveyed, and is the seller conveying "Marketable Title" (insurable title). You mention your banks appraiser. Is there a contingency for financing? What happens if you don't get financing?