Where do to find or buy Purchase & Sale Agreement?

Question

*Where do you find or buy 'Purchase & Sale Agreements

Hello BP friends,

Where can I find or buy a Purchase and Sale Agreement & Assignment Agreement? Are these available to be purchased online, from a store, or a Real Estate Attorney?

I live in the OC, CA area and most houses are $300K - $800K.

Jose Flores · Answer

Hey @Alberto Ramirez The two different purchase contracts I use and recommend to my students are the Standard Real Estate Contract that your local real estate agents and brokers use and the Standard Purchase and Sale Agreement. The Standard Real estate contract that your local real estate agents is the one I use most often and the one I recommend you use. Sellers who have bought or sold a house recognize it and feel more comfortable signing it; attorneys deal with them every day so they prefer it be written on that contract; and your end buyer who in an investor will recognize and know that contract. The point here is because the standard real estate contract is so widely used in the industry it makes it a widely excepted contract to facilitate real estate transactions. The second contract I often share with my students is the Standard Purchase and Sale Agreement. I included this contract because I know some of my students want to get started now. Until you have built a relationship with a real estate agent and get from them a standard real estate contract you will use this. What I like about this contract is how simple and short it is. It is only a 2-page contract that communicates everything needed to get the job done. If your interested inbox me and I'll share it with you. Hope this helps.

Alberto Ramirez · Answer

@Jose Flores and @Mark Pedroza thank you!! I appreciate both of your input, this helped tremendously

Russell Brazil · Answer

I would enlist the services of either a real estate agent or a real estate lawyer. It is important that the contract you use complies with federal and state laws

Account Closed · Answer

The best place to acquire a California purchase agreement is at http://www.uslegalforms.com/ca/CA-00472.htm it is only $29 To make a contract assignable just "add and or assignee " after your name in the buyers section at the top of contract also there is a section that may say this contract is or not assignable make sure you check the appropriate box The realtors forms can only be used by realtors legally.

Mark Pedroza · Answer

@Alberto Ramirez

This is were you are going to need to work with an agent to assist you with filling out contracts. If you did this on your own and any errors on your part I don't think you would want appear before a judge.

Alberto Ramirez · Answer

Hey @Jose Flores or @Mark Pedroza does the standard Purchase and sale agreement already contain an assignability clause? or is that something you must customize and include yourself? Furthermore, if the purchase and sale agreement doesn't contain the "assignability clause" does that mean you can draw up an Assignment contract to wholesale the property to another investor?

Mark Pedroza · Answer

@Alberto Ramirez

You may also want to access this website:

http://www.firsttuesday.us/index.cfm?adsource=&id=

It's dedicated to real estate professionals but as you navigate the site there are forms that are CA specific, available for real estate investors as well.

Good luck...

Where do to find or buy Purchase & Sale Agreement?

Where do to find or buy Purchase & Sale Agreement?

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