So, I got my first deal last week and already found a buyer. The buyer is a broker and insists on using TREC contract. I have an AB and BC contract that are from Sean Terry.
My question is how do I add my verbiage from my BC contract to the TREC?
Who’s name goes in the seller section? Mine or the original seller?
Whats going on Jesse,
Realtors are very by the book since most of their transactions are always the same, this is the time to educate him on a few things. For starters your original purchase and sale contract can be any template, as long as you delivered earnest money and opened title you have equitable interest in the property. When you are assigning your interest to the realtor you must use an assignment agreement, you purposely don't use a TREC 1-4 family contract since that is a purchase and sale agreement and you do not own the actual asset.
Best of luck.