Re: Real Estate Contracts - Posted by Brent_IL
Posted by Brent_IL on December 05, 2000 at 12:55:52:
Just a personal opinion, but I’ve found that many people are reluctant to sign computer-generated contracts unless their lawyer first reviews them. Most people are aware that with the right fonts anything is printable. RE agents will also balk because the forms supplied by their office or local boards are multi-part carbon or NCR. Lots of “What does this mean?” questions.
I?ve had success with four-part NCR paper. When I used five-part, the hand-written items wouldn?t always show up, and I press hard. Multi-part carbon would be impressive, but are expensive and are usually ordered in large (10,000) quantities to keep costs down.
Another reason I like contracts that are not completely printed, or ready for signature, is that when the sellers contact their attorney after the fact, it is hard for him to make a case that his clients didn?t understand the agreement and the contract is unconscionable. The many blanks filled in by hand show that some sort of negotiation and acceptance was going on.