OfflineI live in Jacksonville, FL and am closing in on my first deal. Can anyone answer these two questions regarding the 25-1 strategy?
1 - Working with Real Estate Agents - When submitting offers to purchase to the real estate agent, do I have to use the Real Estate Agency's standard contract or can I draw up my own?
I know that the standard FAR-BAR has many provisions for investors already written into it and areas to enter addenda.
2 - Email - I know people talk about out-of-state offers, but when submitting offers to purchase, can I email them with a scanned signature to the agent or do I need to physically hand these off in person or mail them USPS with a live signature to make it legally binding?
This also includes working with sellers without an Agent and working with sellers out-of-state. I want to make 4 copies of each offer and leave the date/price blank so the agent can make copies if we need to renegotiate the price without having to redo the contract. The agents I'm working with are all over the northern state of Florida and don't want to have to drive all over or mail offers and waste valuable time. I couldn't find this information in Dean's book or on the forum.
Thanks so much in advance.
Working with RE agents: You will have to submit offers using their standard forms. Any additional contingencies can be placed in the addendum section.
Emailing Signatures: I know offers are accepted via fax all the time and there is less degradation when you transmit via email. Some PDF programs will allow you to include a signature verification that should satisfy even the most skeptical.
Thanks for the info.
John
but really just asking the agent you will find out most likely. Where I live in AR one has to use state contracts that are numbered when working with an agent.
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