Posted by charley on June 22, 2000 at 07:10:06:
you may want to ask a local realtor for your state’s “purchase and sale agreement” that all realtors use. you then would have to white-out the agency’s name through out and add an addendum which outlines the owner financing arangements. if you can’t find a realtor willing to give you this (they should if you have a relationship with them or if they understand that as an investor you probably will dance with the one who brought you), you can call a good real estate attorney to write one up for you. my attorney charges me $125/hour (it should take 1 hour) for this type of work, but he only has to do it once; you’ll have a generic agreement that you can add addendums to. i know that $125 is $125, but in the long run it’s money well spent. first of all - try a realtor, because you can’t beat free!!! hope this helps.
ps. by the way, as a rule people feel safer about using a standard “purchase and sale agreement” that all realtors are using in your state.