Simple P.A. for FSBO's?

Have you used the one from this site under forms and docs.

Steve.

Ok the one here on this site is 4 pages long. If you look online there are a lot of sites that offer simple P/A. But do you realy want less information to close a deal.

I have a program that I received from the academy but the forms or 3 to 4 pages long. Sorry.

Steve.

I think the only way you will get a 1 page form is to make your own. You will have to decide what paragraphs are important on your own as a lawyer probably wouldn't be able to do it for the sheer reason that by omitting paragraphs he would open himself up to malpractice.

That is true. I can just use the standard Illinois purchase agreement that my agent uses for my MLS offers can't I?

I wish I had your way with words. What you say is what I try to say.

Steve.

Steve I'm sure Bill would be happy to write your thoughts he's always looking for new revenue streams.

I am sure Bill would be happy to write my thoughts for a price. I need to read posting for dummies.

Sorry Lane for the take over on your thread I hope you get your deal.

Steve.

I have a LOI(letter of intent) instead of going through the whole P/A and if they accept it- I'll draw up the contract. Simplier and takes less time.

Mike

Just read my many informational posts! I may need to start charging other people to write their thoughts down for them! Lol

multiple streams of income

IMPORTANT DISCLAIMER:

This form is provided 'AS-IS' without any warranty of any kind, expressed or implied, statutory or otherwise. Any use of this form is at your own risk.

While the information contained herein is designed to provide accurate and authoritative information in regard to the subject matter covered, it is offered with the understanding that the presenter(s) are not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert advice is required, the services of a competent professional should be sought.

Personal Note from JP:

This is another version of the simple, 1-pager I use most often for deals I’m going to quick-flip/wholesale. I use it when dealing “belly to belly” with individual sellers, not banks or agents, who typically prefer something a little fuller and more formal. I like it for “mom and pop” sellers because it’s about as plain English, easy to understand and non-threatening as you can get.

It’s basically just a legal size version of
the “WHOLESALE_BUYING_AGREEMENT_letter.doc” – which gives me room to add extra blank lines for any additional terms we may want/need to write in, and still keep everything on one side of a single page – which I like to do when possible.

AGREEMENT FOR SALE

THIS AGREEMENT is made this ___ day of _______, _____, by and between

_______________________, hereafter called Seller(s), and

______________________ and/or assigns, hereafter called Buyer

I.DESCRIPTION OF THE PREMISES. Seller(s) agrees to sell to Buyer the property located at:______________________________

Description Written As Follows:

Description is including any fixtures, window and floor coverings, built-in appliances, draperies including hardware, shades, blinds, window and door screens, awnings, outdoor plants, trees, and other permanently attached items now on premises.

II.PURCHASE PRICE. The Seller agrees to convey property to Buyer for the sum of ____________________________________ with earnest money in the amount of __________

III. TERMS. The following terms are applicable to this contract:

1)Closings costs, attorney fees, title fees and other miscellaneous costs are to be paid in the following fashion __________________________________________
__________________________________________________________________________________________________________________________________
2)Any taxes owed will be appropriately prorated between parties at closing.
3)Closing to be set as soon as possible for all parties, but no later than ____________________________without written addendum to this agreement.
4)Property sold “as is” with no warranties implied or stated from seller.
5)Earnest money to be held in escrow by buyer’s closing attorney:
_________________________________________________________________
6)Earnest money non-refundable to buyer unless title is non-conveyable or seller not available to close within time period of this contract.
7)This contract is contingent upon clear title and final inspection of the property by buyer or buyer’s agent before closing.
8)Legal consideration for this agreement is ten dollars ($10.00).
9)Seller to provide buyer with permission to access property solely for purposes such as evaluation of repairs needed, appraisal of said property for securing financing, and professional advisement on resell of property. If property is vacant, Seller shall provide Buyer with a key to access property specifically for the reasons above.
10)Any furniture, fixtures, attachments, and debris located in and around property not removed within day of closing become ownership of buyer.
11)ADDITIONAL TERMS: ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

BUYER: _____________________________________________ DATE: _________

SELLER: _____________________________________________ DATE: _________

SELLER: _____________________________________________ DATE: _________