Colli Real Estate

This is generally how a purchase and sale agreement (PSA) begins. You write an offer, the seller accepts or counters and, finally, hope you have mutual acceptance. But the signing of this agreement is too soon too often.

At first their relationship? Remember when you shake hands and learn to say when all was said and done, everyone would be happy? Probably not and I do not do so.

Just do not like that. The good old days gone. Sad, but true. Times have changed. read and understand SAP. Otherwise, it could cost you tens, even hundreds of thousands of dollars.

Let's start with the most basic requirements of the law that the PSA must be valid. They are:

• mutual acceptance
• Written Agreement
• The names and signatures of the parties
• Purchase Price
• Account
• identification and description of goods / or legal

Of course the agreement is likely to include many other terms, such as due diligence, financing, safe, title, etc. What if you or the seller does not meet the terms of the contract? Who is entitled to what? Who bears the cost? What if the building is but if you are a seller and you have not read the agreement, which do not even know About the Author

Steve Steadele, author of the book Multifamily Millionaire, is a successful Real Estate Investor, Broker, Entrepreneur and self-made millionaire. He is a featured speaker at Real Estate Investment Associations across the country where he shares his wealth of knowledge, experience and enthusiasm for the real estate industry. Today Steve specializes in the acquisition and disposition of investment real estate throughout the United States. To learn more about his products and services, visit his Web site at www.SteveSteadele.com. To receive free tips, go to www.MultifamilyStrategies.com.

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