Sunday, June 26, 2011

6/20

      Today my broker showed me how to prepare a real estate contract to purchase a residential property. The form is available through the computer via zip form program. Zip form has a number of different contracts containing different real estate forms used for sales ect. The form that I am using has ten pages contained in it. The purchase contract consists of much more information. The first page shows the date of the contract, the purchaser, length of escrow, deposit, down payment, financing, and the total purchase price. The next nine pages consist of pest control reports, roof inspection, title fees, and many legal issues. It takes a long time to complete the contract since there are many issues to be determined. Upon completion of contract the buyer signed the contract and gave the broker his deposit. The contract over all isn't too difficult to complete but very time consuming.

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