David Saks: September 2014

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 3691


This is what the contract may include:

1. The terms of the sale and the sale price

2. Any legal descriptions required to accurately portray the characteristics of the land

3. A statement including the type of deed to be delivered by the seller to the buyer

4. A statement including the type of title to be taken and any associative conditions upon acceptance

5. The type of title evidence that is required at closing, who is responsible for providing the title evidence, and if there are any defects in the title that must be remedied and eliminated

6. A statement expressing the conditions and any terms regarding the agreements between the parties to the contract, including terms and contingencies if any

What else can you think of that might be, or should be, included in the contract ?

David Saks

Time&Temp Memphis

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Comment balloon 2 commentsDavid Saks • September 15 2014 02:59AM
Real Estate Practice : Lesson 3691
This is what the contract may include: 1. The terms of the sale and the sale price 2 Any legal descriptions required to accurately portray the characteristics of the land 3. A statement including the type of deed to be… more
Real Estate Practice : Lesson 3690
Once the offer has finally been accepted and the aspirin bottle emptied, a promise is made by the offeree to become liable to the conditions and terms made by the offeror. This acceptance of the offer must be communicated to the offeror. If… more
Real Estate Practice : Lesson 3688
There are so many things can we can talk about here but promptly discussing the counteroffer with the buyer is where we begin. The numbers have to be reviewed in a realistic manner fairly reflecting the financial interests in the… more
Real Estate Practice : Lesson 3686
Well, the buyer's made the offer so it's now up to the seller to either accept the offer or counteroffer. If the seller decides to reply to the buyer's offer that's a pretty good indication that the seller knows that the buyer means… more
Real Estate Practice : Lesson 3685
After the buyer's agent presents the written offer to the listing agent the listing agent presents the offer to the seller. How about that You don't think that the listing agent would sit on the offer for a couple of days while… more
Real Estate Practice : Lesson 3684
Once you've considered all the comparatives, looked at the sales numbers, put the earnest money in motion, and have it in writing, the next logical step is to take the completed, written offer to the listing agent so that the listing agent… more
Real Estate Practice : Lesson 3683
When the buyer makes the seller an offer they might want to include an "earnest money" deposit. This is a little up-front money that tells the seller that the buyer is making an offer in good faith and that the buyer means business… more
Real Estate Practice : Lesson 3682
A buyer can do their own homework by looking up the recent sales of properties in the neighborhood here in Memphis. It's as easy as the click of a mouse button at this link : Neighborhood Sales Search It helps to have a real… more
Real Estate Practice : Lesson 3681
Whether it's based on a house plan you put together yourself, had an architect design for you, the homebuilders new floor plan, a foreclosure or real estate owned by the bank, or just the usual deal when purchasing an existing home from a… more
Real Estate Practice : Lesson 3680
It's real important to put together a plan for viewing properties. A real estate professional is crucial when it comes to identifying the stages necessary to insure a successful viewing plan for the buyer. We can help the buyer know what they… more