Hi everyone, in this video, we will be discussing the one to four family residential contract. Our buyer, Joe Buyer, has already found the perfect home and is ready to submit the contract. Let's walk through the contract together. Under number one, we have the parties to the contract, Sally Seller and Joe Buyer. The legal description of the property is "Lot 21, Block 2, Crossroads Park, Section 1" which I obtained from Real List. Sometimes, lenders require the disclosure of the section the home is in, so we will include "Section 1" in the city of Houston and the county of Harris. The property is also known as 12 506 Matt Way Court. Now, the price of the house is under consideration. Joe Buyer will be putting $30,000 as a down payment. We will need to submit a third party financing addendum as he will be financing $200,000, making the total sales price $230,000. Before moving forward, it is important to disclose if you are a licensed agent representing a spouse, parent, child, or a business entity in which you hold more than a ten percent interest. This applies to both the buyer's side and the seller's side. Next, we will discuss the earnest money. Most agents require at least 1% of the sales price to be put down as earnest money. In Joe Buyer's case, he will be putting down $2,000 with Texas American Title Company as the escrow agent. We will submit their address as 2500 West Loop South, Suite 500. Deposit of additional money towards title policy and survey is negotiable between the buyer and seller. Typically, the seller pays for it, but it can be discussed. In the case of Joe Buyer, we will ask the seller to pay for the title policy and survey with Texas American Title. The earnest...
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Paragraph 2 of the one to four family residential contract resale Form: What You Should Know
Land“ of one to four Family Residential Contract (Resale). The sellers offer is 6,000,000,000.00 with a purchase price of about 5.5/sq. Ft. This is the biggest selling point of the program. It may take some work to negotiate this contract with a few agents, as it is so huge. It is best to do it during one of the many conference call meetings to get the contract out of the way. One to Four Family Residential Contract (Resale) — Seller Agreement A Note from a buyer on a large real estate contract Jan 28, 2025 — Dear Hometown Real Estate Agents, My friend and I just completed a large real estate contract (1.4+ million square feet) where we did not negotiate the agent. You can see in our contract that it was negotiated through the agent. We paid in full within 7-10 business days of the closing. I know at first glance that this did not make much sense. Asking a private agent to negotiate the contract for you is like asking your uncle for directions. He will often try to steer you in the wrong direction. So what happened? I don't know. I do not know who negotiated for us. But it has happened like that to us, many other buyers. It does not make sense. We know how important negotiating the contract is. Our agent did not ask our opinions or discuss our options. He just wrote down the number that we agreed. This is not how it should be in a contract. You need to negotiate the contract.
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