How a Real Estate Business Hired a Lawyer to Draft a Real Estate Investment Agreement in Missouri

In 2021, a new venture in Missouri sought assistance in drafting a real estate investment agreement aimed at establishing a base contract for a novation agreement. The client, a first-time real estate investor, needed a clear framework that would enable them to renovate a property, list it on the MLS, and outline the profits and costs arrangement between themselves and the seller. Specifically, they wanted to ensure that their costs and a promised profit were accounted for before the seller received their share of the proceeds. As a result, the client received two proposals from licensed attorneys, with flat fee bids ranging from $850 to $995, all submitted to meet the requested deadline of one week.