Residential Real Estate Contract – Tip # 4

I continue to be horrified with poorly written contracts –

Please when you are writing an offer to purchase a property, you want it to be enforceable. You need to take extra caution to be sure that all your t’s are crossed and your i’s dotted.

1) Do not replace just one page of a contract, because that is the only page with a change. If there is ever a reason to go to court over the contract, you need for all the pages to look the same. If there needs to be a change on one page, the entire contract should go back and forth – getting the proper initials and dates. This was covered in Residential Real Estate Contract – Tip # 3 . Just because the “other agent”or the “other party” says to do it one way does not mean that the contract will be enforceable. Learn the correct way.

2) As stated in Residential Real Estate Contract – tip # 2, be careful with your financing clause.

3) As stated in Residential real Estate Contract – Tip # 1, one needs to be careful with your closing date.

4) So,, Tip # 4 = Every blank on the contract should have something in the blank. If there is nothing to go in the blank, then you should put “n/a”.

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