Real Estate Contracts Explained | How To Properly Fill One Out

Описание к видео Real Estate Contracts Explained | How To Properly Fill One Out

Many people are intimidated about filling in a real estate contract because they don’t understand it. You don’t need to be a licensed Realtor in order to fill out a contract. In this video I’m going to teach you how step by step.

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Once you do that you’ll notice three different contracts. The first is the Residential Real Estate Purchase and Sale Agreement. This goes by many names such as “Residential Purchase Agreement (RPA)” “Purchase and Sale Agreement” “Real Estate Agreement”. They all mean the same thing. My contract is only three pages long and very self explanatory.

The second contract is the Addendum to Residential Purchase Agreement. You will use this anytime you make a change to your original RPA Agreement.

The third contract is the Assignment of Residential Real Estate Purchase and Sale Agreement. This is also known as an “Assignment Agreement” or the “Wholesale Fee Agreement”. If you decide to wholesale this property to someone else, this is what you will use.

The video goes through each of these contracts line by line. These are the three most used contracts you need to get started. I have many types of contracts and agreements that we give my students in my coaching program.

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