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i`m asking about california property, to make an offer to buy , do i need a signature on my proposal to submit to owner or agent ?
Thanks.

2006-06-12 14:14:50 · 4 answers · asked by jim c 1 in Business & Finance Renting & Real Estate

4 answers

You need to sign it and you should use the standard contract. Since you are probably not going to save money for not using an agent (since the listing agent in this case, get the full commission), why don't you find an agent who would do everything for you?

2006-06-12 14:21:28 · answer #1 · answered by spot 5 · 0 0

You can have a verbal contract to sell and buy property, however the contract is not enforceable in court. Real estate is one area where all offers or contracts must be in writing (even if it is on a napkin) with a signature or mark (if it's a mark, it needs to be witnessed by two people who sign it as well) to be enforceable in court.

If you're in Southern California, I can be your agent and split any earned commission with you. However, I think you're trying to do one or more of the following:

1. Use the money that the seller would have paid to the buyer's agent to lower the purchase price of the house. If that's the case, I hope you are knowledgeable enough to determine real value of the property and to determine the future trend in value for that area. A few thousand dollars on a loan will not equal a great deal in savings on a monthly loan payment. I rather get the money upfront and let the bank finance the rest.

2. You're hoping to get this property below retail value and then sell it to someone who is willing to pay more. If that is the case, you can make it an assignable purchase contract.

3. You're trying to control the property without owning it. If that is the case, you can do an assignable purchase option.

Also, if you don't have a license, make your offer in person to the owners/sellers. Most real estate agents are not able to think outside the box and feel frightened if they get approached with an offer that is not a standard form and because real estate agents have a great influence with their clients, they might pitch your offer in a negative light.

Contact me if I can be of any assistance or if there is another problem that is preventing you from signing your name that I might have missed.

Regards

2006-06-12 23:27:34 · answer #2 · answered by Anonymous · 0 0

Definitely get an agent who specializes in the area and type of property you are seeking. don't go it alone

2006-06-12 22:44:49 · answer #3 · answered by BigDaddy 4 · 0 0

If you don't sign it, how can the seller know that the offer is authentic?
If you buy something with a credit card your signature makes it authentic.

2006-06-12 21:23:02 · answer #4 · answered by Puzzleman 5 · 0 0

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