Re: Sheets contracts - Posted by HankM
Posted by HankM on February 27, 1999 at 10:15:08:
You know, having an attorney help you draft your agreement can save you headaches after the fact and if you write any number of offers, it’s cheap professional advice on a per/unit basis. An attorney will help you from being too cute in the weasel department too, the contract has to pass muster if it ever gets in front of a judge.
That said, I use my own contract with Realtors a lot and most never give a second look (yes I do run in to an occasional “by the book” agent and I have to use the local customary forms, for which I have an adendum) … the reason my contract gets accepted is that for a cash deal it basically says: I agree to buy, you agree to sell, this is the price and this is when we close. All that gets said in about 1/2 a page (letter size) … there is attorney approval, inspection and a couple other things, but basically that’s it. Now if we get into seller financing in any meaningful way, the contract gets a little longer;), but the fact is most of those offers don’t go through Realtors and the local standard contacts don’t address that anyway.
Bottom line steal from everywhere, get an attorney’s help, but don’t be too cute.