| We use our version of the
eight page California Association of Realtors© contract with various
addenda that are important for your protection or are required by the
lender as part of their package. We keep these forms on our computers
which allow us to write clean, concise documents that are legible and
which also limit the number of copies that need to be created. Each time
we make a change during the course of the negotiations, that change is
annotated on the timeline and logged in your file.
The record for the most pages in a contract
that we have been associated with was 62. Hopefully, your contract won't
be so wordy or lengthy. But if it has to be done, it will be done
correctly. You will be given a copy of the contract as it initially is
to be presented for your signature(s). After you determine that the
contract offer as written is acceptable to you and you have signed on
the line, the contract is presented to the sellers' agent or the sellers
as appropriate.
As part of the offer preparation, we will
discuss the deposit check amount that is appropriate to accompany the
offer. This amount assures the sellers that you have a stake in the
process. Under some circumstances, which are spelled out in the contract
offer, the sellers may have a claim to the escrow funds if you fail to
perform as stated in your contract offer.
As the contract is amended or countered,
you will receive copies of all those papers as well. We will have a
duplicate set and the sellers or their agent will have the other set.
Once everything is worked out to everyone's mutual satisfaction, a new
set with appropriate signatures will be made for you, the sellers,
myself, the lender and the title company. Those other copies can be kept
by you or not as you see fit. We maintain those records as is required
by law for a specified time period.
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