Brag Radio

Episode 106 - Understanding Contracts and Paper works

Informações:

Synopsis

In today's show, Larry and Kandas discuss about the importance of understanding contracts and paper works. They talk about contracts when buying properties, selling properties, lease options, leases and options, and a lot more. Topics: • What the hosts have been up to • Importance of understanding the contracts you are signing • Understanding option fees and option contracts • Difference between a contract and an option • What happens if the option expires • Another type of lease option • Land contracts and seller financing • 3 different ways for a seller to finance a property - Mortgage - Deed of trust - Land contract • Things buyers should be aware of • Being Rich and Generous Portion: Carly Quotes: • “If you think education is expensive, try the cost of ignorance.” • “You need to understand what you’re signing.” • “An option gives you the right but not the obligation to buy a property.”