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Updated about 9 years ago on . Most recent reply

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Jonathan Smalls
  • Salem, NH
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Questions on Contracts

Jonathan Smalls
  • Salem, NH
Posted

NOOB QUESTION ALERT!!!!

When I write up a contract such as a purchase and sale agreement should I get a lawyer to review it?

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Mindy Jensen
  • BiggerPockets Money Podcast Host
  • Longmont, CO
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Mindy Jensen
  • BiggerPockets Money Podcast Host
  • Longmont, CO
ModeratorReplied

I am a licensed agent in the state of Colorado. Every year that there are significant changes to the contract, I take an 8 hour class to learn the best way to fill out the contract.

If you haven't been doing this since dirt was invented, get an attorney's review if you aren't using an agent. There are so many ways to mess up a contract.

For reference, I am obligated to use the Real Estate Commission-Approved Contract to Buy and Sell Real Estate, which is 17 pages long this year. 

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