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Updated over 7 years ago on . Most recent reply

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Grant Shipman
  • Rental Property Investor
  • Estes Park, CO
1,202
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276
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Resources to understand Contract to Buy & Closing Documents

Grant Shipman
  • Rental Property Investor
  • Estes Park, CO
Posted

Thanks for reading! I'm looking for specific educational resources on step by step completing an offer (Colorado Contract to Buy Residential).  I'd like to know how to do this with transactions using owner financing.  I'm not a licensed agent, so I always use an agent or attorney, but I would still like to know these things inside and out in order to write them with confidence.  Does anyone have resources to recommend?  I'm interested in the same for the closing documents (understanding them- I do not feel the need to be able to write them).  Basically I want to understand the whole purchase transaction inside and out start to finish.  Sounds like an obvious question to me, so I'm great with obvious answers.  I've read the top 40ish real estate books I've been able to find, so I'm looking for something more nuts & bolts specific.   Thanks for any help. -Grant

  • Grant Shipman
  • Most Popular Reply

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    Phillip Bicker
    • Real Estate Broker
    • Larkspur, CO
    77
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    Phillip Bicker
    • Real Estate Broker
    • Larkspur, CO
    Replied

    @Grant Shipman

    Honestly, the best way to understand these documents well (and to learn it in a shorter time-frame) is to have *an experienced* agent walk you through them, line by line. If you are using an agent to help you buy properties, they should be more than willing to do so. I would recommend doing this before making an offer so there is no time pressure. Doing this will also help you to be more confident with your Realtors (or help you to see you may want to use another one if they can't explain this crucial document). 

    For the closing docs a good agent should be able to help there, but I might actually recommend going directly to a title company and asking if you can have a title rep or closer walk you through the closing docs.

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