Essential Guide to Real Estate Contracts

by Warda, Mark

• ISBN13: 9781572483460
• ISBN10: 1572483466
• Edition: 2nd
• Format: Paperback
• Copyright: 2003-07-01
• Publisher: Sourcebooks Inc

Summary

You need to understand the fine print in real estate contracts, otherwise it can cost you thousands of dollars. The Essential Guide to Real Estate Contracts gives you the information you need so you can protect your rights and negotiate the best terms-whether you are a "buyer" or a "seller." This book includes sample contracts and pertinent legal information to help you understand what kind of contract you are signing. Essential Guide to Real Estate Contracts is your personal manual to developing the contract you want and getting the deal that is in your best interest.

Author Biography

Mark Warda received his J.D. from the University of Illinois in Champaign. He practiced law in Clearwater, Florida

Table of Contents

Using Self-Help Law Books	p. IX
Introduction	p. XIII
Preparing Your Own Contract	p. 1
Using a Broker
Printing Your Contract
Using an Attorney	p. 5
Cost/Value Analysis
Finding the Right Attorney
Attorney Mistakes
Using this Book and an Attorney
Deal-Killers
Regular Investors
The Buyer's Position	p. 9
Finding Good Deals
How Much to Pay
Contingencies
Buyer's Brokers
Seller's Disclosures
The Seller's Position	p. 15
Tying Up Your Property
Contingent Liability
Disclosures
Selling "As Is"
Buyers Moving in Early
Refund of Deposit
Federal and Local Laws	p. 21
Federal Laws
Local Laws
Unfair Contracts	p. 31
Basic Clauses	p. 33
Parties and Agreement
Purchase Price
Conveyance
Property Description
Other Agreements
F.H.A./V.A.
Insulation Clause
Lead-Based Paint Clause
Recommended Clauses	p. 47
Acceptance
Agreement for Deed/Contract for Deed
Allocation of Purchase Price
Approval
Arbitration
Assignment
Attorney's Fees
Broker's Fee
Closing Date and Place
Condominium
Condominium--2
Default
Engineering Reports
Environmental Conditions
Existing Mortgages (Deeds of Trust)
Expenses
Financing Contingency
F.I.R.P.T.A.
Ingress and Egress
Inspection
Investment
Leases
Lien Affidavit
Maintenance
Personal Property
Plumbing and Electrical
Possession
Prorations
Purchase Money Mortgage
Radon
Recording
Restrictions and Easements
Risk of Loss
Roof
Severability
Special Assessments
Survey
Survival of Contract
Termites
Title Defects
Title Evidence
Violations
Water Access
Wraparound and Second Mortgages
Zoning and Ordinances
Creative Clauses	p. 119
Deposit
Downpayment
Mortgage (Deed of Trust) Clauses
Explanation
Credits
Unpaid Rent
Examination of Books
F.H.A./V.A. Fees
Sale of Other Property
Perc Test
Presentation of Contract
Distribution of Proceeds
Rezoning
The Art of Negotiating	p. 129
Best/Least
Need--Not Position
Understanding the Other Side
Emotional Involvement with the Deal
Taking It Personally
The Best Supportable Position
Turning the Tables
The Last Shot
Signing the Contract	p. 135
Witnesses
Notary
Backing-Out of the Deal	p. 137
Contingencies
Sellers
Default
Attorney's Fees
Rescuing the Deal	p. 141
Financing
Property Defects
Encroachments
Termites
Judgments
Boundary Disputes
The Closing	p. 145
Using an Attorney
Examine All Closing Documents
Buyer's Concerns
Seller's Concerns
After the Closing	p. 151
Seller Financing
Defects in the Property
Zoning and Building Codes
Title Problems
Bills
Glossary	p. 155
State Radon and Indoor Air Quality (IAQ) Contacts	p. 163
Lead-Based Paint Pamphlet	p. 171
Forms	p. 187
Index	p. 213
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