Offer to Purchase Real Estate Form

An Offer to Purchase Real Estate Form is simply an agreement spelling out the terms of the sale between the buyer and seller, accompanied by a deposit (earnest money). The offer to purchase form is really used as a basis for the real estate contract.

The real estate offer to purchase usually contains:
*The Date the Contract is being signed
*Parties- Buyer & Seller Names
*Real Property -The location, county, state, and city of the property being sold
*Property to be included in the sale of the home (appliances, mirrors, curtains,etc)
*Price & Terms -The price you are offering for the property
*Deposit- also called earnest money. An amount given as a deposit to hold the property.
*Default- spells out the period of time the offer will be in open.
*Closing date- period of time the buyer has to get financing, etc in order, (Completion Date)

Purchase an Offer To Purchase Real Estate Form $4.99

Investing In Real Estate

Why Invest in Real Estate?

You see so many invest in real estate get rich quick programs. We have all turned on the t.v. late at night and seen them. Regular people that seemed to turn into millionaires overnight. These infomercials make it look like by buying these systems, books, or going to seminars you can make it big by investing in real estate with No Money Down, Working in Your Spare Time, etc.

Investing in real estate is not a get rich quick scheme. The key to successfully investing in real estate is:
* knowledge & research
* making a following a good plan
* building your real estate team of advisors to provide expert advice

Investing in real estate can be extremely profitable. It also has many advantages over other investment strategies. For example you have more control over your real estate properties than say your stock portfolio. You can always invest in your rental properties and raise your rents.

Promissory Note Real Estate

Promissory Note Real Estate

A promissory note is a promise by one person to pay money to another person.

The person to whom the promise is made is referred to the Payee. The person who promises to pay is known as the Payor, or Maker. The Promissory note should be written and signed by the Maker, and should contain a unconditional promise to pay a specified amount of money in a defined time.

Promissory Note Check List

Parties
B. Maker (borrower)
Payee or holder (lender)

Amount of Note

Interest Rate to be charged on the Note
A. Fixed Rate
B. Adjustable Rate

Payments
A. Time and Place of Payments
B. Amount of Payments.

A promissory note should also include what happens if the party fails to repay the note by a certain period of time.

Real Estate Forms- What is a Contract?

What is a Contract?

A contract is defined as: An Agreement between two or more persons consisting of a promise, or mutual promises that the law will enforce or the performance of which the law recognizes as a duty.

What makes a Contract valid?
For a contract to be valid a number of factors exist:
*Legal Capacity of the parties
*Mutual Agreements
*Consideration
*Lawful Purpose
*Written Agreement

Legal Capacity
Legal capacity means that the people entering into a contract are responsible in such a way that the law will make them bound by their promises. (example: minors, mentally handicap, etc)

Mutual Agreement:
A valid contract also requires that a bargain be struck between the parties to the contract. All parties must agree on the same things and have a "Meeting of the Minds."

Consideration:
Consideration may be money, something of value, etc

Lawful Purpose:
A contract must be for a lawful purpose to be valid. Example: a contract to commit a crime is not valid or enforceable.

Written Agreements:
Not all contracts must be in writing to be valid, however it has been proved in court cases that written contracts are more enforceable than oral contracts.