Writing a Contract to Purchase - EP209 - Real Facts on Real Estate

In this episode we discuss that a contract to purchase is the name of the contract we use to make an offer on a property. When writing a contract to purchase it is important to look at every element of the contract. Sales price is always what buyers and sellers alike pay attention to on a contract to purchase. The truth is this is NOT the only term that matters on a contract. Understanding the contingencies in a contract is very important to understanding how the deal will lay out. Being contingent means something else must happen in order for what is offered to come true and offers an out for buyers if it does not work out that way.