Here's EVERYTHING beginners need to know about Wholesale Purchase & Sale Agreements!
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In this video, Ryan Zomorodi, COO of RealEstateSkills.com, sits down with Tim, a beginner investor and wholesaler, to teach him everything he needs to know about wholesaling real estate contracts. Learn step-by-step how to use the purchase and sale agreement for wholesaling real estate.
This comprehensive guide is perfect for beginners who want to understand the ins and outs of wholesaling real estate contracts and take their real estate wholesaling business to the next level.
Key Topics Covered:
• What is a purchase and sale agreement? Why is it so crucial?
• How to properly use a purchase and sale agreement in real estate wholesaling.
• Step-by-step guide on filling out an assignment of contract (assignment addendum).
• Where to find wholesale contracts for your real estate business.
• Expert tips for wholesaling real estate contracts successfully.
Whether you're just starting out in real estate investing or looking to refine your wholesaling strategy, this video is packed with valuable information to help you succeed. Don't miss out on these expert tips from Ryan Zomorodi!
📌TIMESTAMPS📌
0:00 - Intro To Purchase And Sale Agreements For Wholesale Real Estate
1:15 - Who Fills Out the Wholesale PSA?
2:03 - Section 1: Parties to the Agreement
3:22 - Section 2: Buyer Info & Assignment Clause
7:36 - Section 3: Included Real & Personal Property
10:15 - Section 4: Purchase Price Breakdown
14:02 - Section 5: Earnest Money Deposit Handling
18:01 - Section 6: Financing Contingency
19:32 - Section 7: Property Condition
20:14 - Section 8: Inspection Contingency Overview
33:34 - Section 9: Lead-Based Paint Disclosure
34:00 - Section 10: Closing Date & Possession
39:16 - Section 11: Transfer of Ownership (Deed)
40:05 - Section 12: Marketable Title & Liens
42:24 - Section 13: Prorations & Property Income
44:44 - Section 14: Buyer's Default & Liquidated Damages
48:10 - Section 15: Damage or Loss During Contract
49:22 - Section 16: Common Interest Community/HOAs
50:02 - Section 17: Listing Broker & Dual Agency
50:51 - Section 18: Seller Disclosures Requirement
51:59 - Section 19: Equal Housing Rights
52:20 - Section 20: Additional Addenda or Advisories
52:52 - Section 21: Additional Terms (e.g. Move-Out Help)
53:43 - Section 22–24: Communication & Notice Clauses
54:25 - Section 25: Wholesaler Disclosure to Seller
55:26 - Sections 26–28: Short Sales, Licensing, and Acknowledgements
56:11 - Section 29: Time to Accept Offer
If you want to learn more about wholesale real estate contracts, visit our blog at: https://www.realestateskills.com/blog/wholesale-real-estate-contract
https://www.realestateskills.com/blog/purchase-and-sale-agreement
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