Sean's Blog

Detailing the daily thoughts of a Richmond Lawyer

Sean's Blog

Contract Issues for Investors

What to look for

Contract Issues for Investors

PURCHASE CONTRACT

  1. UNDERSTAND IT – THIS IS WHAT GOVERNS THE DEAL
  2. Deposit – grounds for release
  3. Default – rights under the contract if someone doesn’t do what they are supposed to do
  4. Closing costs – Deed prep, addressing judgments, Grantor’s tax
  5. Commissions/Referral fee  -ARE YOU A REALTOR???