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We are looking to buy a home in New Jersey and our relator has discussed using a template for a purchase and sale agreement. Should we hire a lawyer to handle this? I'm not sure what this template is and I'm a bit uncomfortable with the idea of using a template since I'm not sure if it protects our best interest in the purchase.
Answered Mar 3, 2021
Whoever drafts the PSA, will draft it to their benefit. This is the reason that buyers, not sellers, will tend to draft the document as the seller is leaving the business and the buyer is gaining the business. Buyers therefore, tend to benefit from the draft of the agreement as they outline the things they will need to feel comfortable enough to proceed with the sale.
I have extensive experience with PSA agreements. If you need drafting or reviewing assistance, you can contact me through the website or directly to my profile page at Donya Gordon
As a wholesale from another state trying to execute a purchase and sale agreement on a property, do i need to be physically present in that state to complete this process. For example, i live in Texas. The property is in California. How do i conduct a purchase and sale agreement with a seller or their real estate agent.
I live in Texas. I am trying to execute a purchase and sale agreement with a seller or their real estate agent who live in California.
Answered Mar 3, 2021
The short answer is you can be an out of state purchaser but you need to right support team behind you. Signing the contract can be done electronically and you don’t need to be in California to do that. Either a real estate attorney or hiring your own agent.