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Updated over 4 years ago on . Most recent reply

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Luis Saez
  • Hartford, CT
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Connecticut whole sale contracts

Luis Saez
  • Hartford, CT
Posted

Whats everything that ought to go into a contract when i get a property under contract in connecticut, as it pertains to whole saling?  I want to make sure i don't miss anything major when i get my first property under contract.  Please let me know your horror stories.  

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Ned Carey
  • Investor
  • Baltimore, MD
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Ned Carey
  • Investor
  • Baltimore, MD
ModeratorReplied

A contract is an offer, an acceptance of that offer and consideration (something of value exchanged in the agreement).  What should go in your "contract" (the piece of paper) is what you want to offer to be.  

If you are asking what makes a good contract that is a book not a forum reply. 

Regarding wholesaling the most important thing is that your contract can be assigned. Generally contract law says that a contract can be assigned unless there is a restriction in the contract against it. Make sure what ever "Contract" you use has not restriction against it being assigned.

There are contracts in the FilePlace under the resources tab above. I suggest you download a few and read them.

  • Ned Carey
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