You see, dear potential real estate investor and blog reader, following the basic rules or principles of something will not 100% guarantee your ultimate success in your chosen investment opportunity or career path BUT will at least HELP you come closer to achieving your investment goals regardless of whatever happens in the process!
However, DISREGARDING and/or IGNORING these very specific basic rules or principles will DEFINITELY make it Pragmatically Impossible for you as an investor to achieve your investment goals in the long run than if you did follow them in the first place! And so, the million dollar question is, which one of these two scenarios would you want to follow and adhere to?
Well, your guess is mine too! Its better to follow and adhere to the former than to suffer the consequences of the latter!
So, the same is true when it comes to real estate investing. Its better to follow and adhere to the basic rules or principles that make up the BACKBONE of real estate investing than to ignore and disregard them and then later on suffer the consequences thereof.
THEREFORE, WHAT THEN MAKES UP THE THE BACKBONE OF REAL ESTATE INVESTING?
THE WRITTEN OFFER! Period.
HOW and WHY?
1. PRACTICE AND PERFECT
2. POWERFUL AND PERSUASIVE NEGOTIATING INSTRUMENT
3. SPECIFIC PERFORMANCE
5. VALUABLE POSSESSION
Therefore, in conclusion, you can protect and safeguard your interests and that of your immediate Assigns in real property investment when you take the time to learn the ins and outs of real estate investing. And learning how to write Written Offers effectively is one such basic rule or principle you cannot afford to ignore and master. WHY? Because once you master this basic principle of real estate investing, it will enable you to protect and safeguard your investments once you've bought them and ensure you earn significant real estate profits through proper negotiations and documentation via effective Written Offers and NOT Oral Offers only!!!
And in your writing and presenting of Written Offers to the distinguished real property sellers, endeavor NOT to forget incorporating what are known as "Contigency Clauses or rather Contigency Terms and Conditions" in your Written Offers. WHY? Because these Contigency Clauses protect and insure you against any unexpected pop-ups, twists and turns in the near future and beyond and thus enables you to back out of the deal without any serious repercussions whatsoever!
Shrewd property sellers will however try by all means possible NOT to include these Contigency Clauses in their Written Offers and therefore it is your primary responsiblility to make sure that theses kinds of protective clauses or terms are included in your negotiation range and documented.
Here then are examples and a short list of some of the Contigency Clauses you may include in your Written Offers. See below:
"Purchase of property is subject to buyer obtaining financing from lender of buyer's choice and to be obtained within a maximum of six (6) months from date of signing this Offer"
It is prudent to include the specific terms and conditions of financing that you as a buyer intend to use and apply in the deal at hand
"Purchase of property is subject to seller providing a survey of the property, which survey is to be approved by buyer"
This allows you to verify the physical size of the property and make sure it corresponds to the legal description.
"Purchase of Property is subject to inspection, verification and approval of all financial data, tax, land rates and other kindred incomes and expenses"
You are making a life time investment so that you may multiply your financial situation that will lead you to financial freedom. And therefore, if you fail to review and cater for this kind of crucial financial data, you're then making a serious investment blunder.
Therefore, this is not mean't to be an exhaustive list of Contigency Clauses, but just a short list to help you see and understand how you may apply these in your own real estate Written Offers.
So, if you incorporate and use such contigency Clauses in your own Written Offers to provide for the unexpected, your chances of investment success will be greatly increased rather than diminished!!!!!
Hope this has been of great help to you.
NOTE: Don't Know How To Draft Your Own Legally Binding and/or Professional Looking Written Offers Which You Can Then Use To Get Your Deals Done and/or Eventually Use To Help You Obtain Further Financing For Your Own Real Estate Investment Projects? Then Call Us Today By Clicking HERE To Help You In This Matter At A Reasonable Fee!
Also, Are You Looking For Real Property To Buy, Sell, Rent or Simply Rent-Out To Others, Then Simply Click On The Highlighted Words Right In This Very Sentence For Details!
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