Posted by George P. I do discuss all those steps in my MREM. First is meeting of the minds. Seller wants to sell, you want to buy. A huge subject to learn Second is O&A, also known as Offer and Acceptance.A must have it. Another long subject. The reason I say a long subject, it means it is not a plain cut and dry situation. Third is, you prepare the contract by using all terms from O&A and have the seller to sign it. The buyer has nothing to do with your deal with the seller. You have a separate contract with the buyer. The seller has nothing to do with it. Why would you ended up with the seller and buyer in the same room? That part makes no sense. The seller has nothing to do with your buyer. The title company is not there to make anything legal.A wrong assumption. The title company does There is no legal or illegal paperwork. You can write /it happened/ an offer and acceptance on You are not doing a contract for deed. I never say anywhere about a contract for a deed. If you do, then you need a different contract.There is a Majority of offers have this verbiage - closing That means, you'll know if the seller can move out earlier. But if you didn't cover that part at the signing The paperwork is the easiest part. The meeting of minds is the hardest part. Of course I expect you now to ask, what is the meeting of minds about. A long subject, it would require few pages of explanations. But in a very simple language-the seller wants to sell and agrees with everything you want to do Get your hands on all books on all real estate But here is how you should start, that's how I did. I knew absolutely nothing when I bought my first house. I learned as I was progressing through all the problems, fears, doubts,unknowns, By the time you get to your first 100th house, Jump in the water and swim or die. George P.
on 12/26/2003, 8:06 pm, in reply to "Offer"
206.148.124.152
Didn't see your post on 12/21-I guess too busy with X-mas. Lots of questions, I'll do my best to answer them briefly.
about.
Another long subject.
There are two deals and two different contracts.
any paperwork you will require for a fee-small
fee or huge fee.They won't do knowlingly anything
illegal, but they don't make any deal legal.
That's not their business.
the napkin in the bar. It will be perfectly legal.Few requirements, you must be over 18 and sane.
difference between contract for sale and a contract for deed.
on or before and the date. This is part of meeting minds, when you learn all seller's needs.
of O&A, simply call the seller and ask. Any offer
can be changed, adjusted, rewritten if both parties agree.
and you/the buyer/ want to buy and agree with all seller's provisions.
subjects. One course won't do it. Lets say if you buy all my books plus 24 months of MREM and
read all posts and answers, you may get 90% of
all needed info. I have somewhere 1000's of posts
and answers, since I am on Internet, that's since
1996.
One of these days I'll put it all into one package. The complete investor. I'll need one year, just to put everything together, update,upgrade etc.
disappointments, victories etc.etc.
you'll be back again at ground zero, because each
deal is different.None of the deals will ever repeat.
Learn by doing it. Cannot give you better advise.
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