Updated over 9 years ago on .
Most recent reply
presented by

A little confused about this purchase agreement contract
So I downloaded a purchase agreement from the BiggerPockets File Place but I have a question about the pricing section, this is what it looks like:
SALE PRICE: $_______
SUBJECT TO: ______ $_______
EQUITY: $_______
What do the "subject to" and "equity" lines mean and what needs to go there? Why isn't "sale price" enough?
thanks!
Most Popular Reply

Wayne Brooks
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
- 13,510
- Votes |
- 23,418
- Posts
This is obviously for a sub2 deal. The "sub2" is the balance of the loan, and the "equity" is the cash you are bringing to the table, to equal the sales price.