I had to modify the purchase agreement a bit more because it was lacking on some additional terms. The main one that stood out though is that it doesn’t have a deposit amount.
Should we include deposit amount or just leave it empty?
I know that for some self close deals this is no biggie, but for most of my deals I plan to use title company.
Also for all my r/e agents I put the following statement:
Seller understands that one or more owners of this company is a licensed real estate agent. Buyer has a personal interest to purchase this property as an investment for the purpose of making a profit. Buyer has no brokerage relationship with seller and is not representing seller in this transaction.
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