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LinkedIn Learning

Real Estate Contracts

via LinkedIn Learning

Overview

Learn how to review and execute real estate contracts. This course demystifies these essential documents to help real estate investors approach contracts with confidence.

Contracts are complicated documents, and working with them can often be intimidating. But if you want to be a successful real estate investor, you need to become a contract pro. This course takes you line-by-line through the most common real estate investing contracts, demystifying these essential documents and highlighting how to approach them with confidence. Learn how to skim contracts for the most important sections. Discover how to check the five clauses that must be included in a contract for it to be legally binding. Plus, get an overview of the key sections of purchase and sale agreements, as well as how to navigate contingencies.This course was created by WealthFit. We are pleased to host this content in our library.

Syllabus

Introduction
  • Introduction and overview
1. Parts and Definition of a Contract
  • What a contract is
  • Basics of real estate contracts
  • Learning the essential parts of a contract
2. Purchase and Sale Agreement
  • Identifying the parties involved
  • Identifying real property
  • Itemizing what is included in the sale price
  • How you can lay out the purchase price
  • Learn what happens to the deposit and financing contingency
  • Solidifying in legal terms, the inspections, and current conditions
  • When you need a lead-based paint disclosures
  • Layout the closing and occupancy dates and titles
  • Seller agrees to a warranty deed to transfer ownership and has a clear title
  • Protecting against property tax charges and risk of loss or damage
  • Disclosure for condos and other housing with common areas
  • Discussion of all other disclosures and equal housing
  • Listing the terms and conditions of the contract
  • Listed licenses and provisions for buyers and sellers
  • Accepting and signing to create a legally binding agreement
3. Contingencies and Details
  • Remember the important details
  • Contingencies and additional documents
Conclusion
  • Your path forward

Taught by

WealthFit

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