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Jamael Chappelle
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Virginia newbies first mistake

Jamael Chappelle
Posted

Hi guys, I'm a newbie in the Hampton roads area. I had a deal fall through last week.

I met the seller, we had good rapport and he was ready to sell. I told him I would send him the contract that night. I downloaded a random purchase contract, filled it out and sent it. Didn't hear back from him till 3 days later saying it was a no go. I asked why and he said the contract was ****. He had his lawyer look over it and the lawyer laughed. He said he heard people were going to jail for doing what I was trying to do. I explained to him that I was a new investor and I could get a official contract, but he was done.

That was my bad first experience but I'm not giving up. I want this and if I make mistakes along the way, GREAT. just more lessons learned.

Tl;Dr 

Does anyone have Virginia specific purchase/assignment contracts?

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Josiah Kay
  • Rental Property Investor
  • Wauwatosa, WI
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Josiah Kay
  • Rental Property Investor
  • Wauwatosa, WI
Replied

@Jamael Chappelle I don't have the contract you are looking for, but do you have your own real estate attorney that you could engage to assist you with this? I'd be hesitant to use contracts you find online (including BP) without having them reviewed/edited by your own attorney. 

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