I never knew I was supposed to draft that Crucial Document! There are approximately 7 Major Deadly Mistakes or Sins people commit when buying real estate. These Mistakes or Sins as I like to call them are committed by many people especially beginning real estate investors.
You see, dear blog reader, if you want to conquer an enemy, there are three things you must know and master regarding your enemy before you can actually wedge war against him or her successfully. These three things are:
1. You Must Know Your Enemy's Name,
2. You Must Know Your Enemy's Characteristics or Habits,
3. You Must Know Your Enemy's Place of Abode!
When you happen to know these three things mentioned above, it will then enable you to come up with a strategic game plan for Success to fight your enemy strategically rather than randomly or winning by chance.
The same is true when it comes to real estate investing! You must be in a position to know in advance the blunders that most people make so you can protect yourself when you come across seasoned real property dealers and/or sellers who might intentionally want to take advantage of you because of your lack of expertise and experience in real estate matters.
WHAT THEN ARE THE 7 MAJOR DEADLY MISTAKES PEOPLE MAKE WHEN BUYING AND/OR INVESTING IN REAL ESTATE?
Well, today we start by discussing the First Deadly Sin or Mistake people make when purchasing real property and is as follows:
DEADLY MISTAKE NO. 1 : OFFER TO PURCHASE or (CONTRACT OF SALE) WRITTEN BY SELLER INSTEAD OF BUYER
You see, dear real estate investor, when buying ANY piece of real estate property, You as a Buyer MUST be the one WRITING the Offer-To-Purchase or rather the Contract of Sale and NOT the other way round!
You Must Never Let The Seller Draft The Purchase Contract On Your Behalf!
WHY?
Because the Seller will never include anything in the Purchase Contract he thinks might be to his detriment such as the proper proration of expenses like unpaid land rates, unpaid electricity bills, unpaid water bills, unpaid cabbage collection bills etc on the property in question!
He will only include those things, terms and conditions he thinks are for his betterment! Period.
Therefore, it is incumbent upon you as a buyer to draft this Offer-To-Purchase or Contract of Sale in order to serve your own interests. WHY? Because you're the one producing the CASH or MONEY. Full Stop!
"WHY MUST I BE THE ONE WRITING THIS OFFER TO PURCHASE OR CONTRACT OF SALE INSTEAD OF THE SELLER", YOU MIGHT ASK?
Well, here are Six (6) Good Reasons why you must be the one doing this activity instead of the seller. Read below:
1. The Greatest Secret To Getting Your Real Estate Investment Deals Done & Accepted FAST By The Distinguished Real Property Sellers Is To Draft The Offers Yourself, Put Them In Written Form and Then Present Them To The Sellers As Quickly As Possible Without Any Delays Whatsoever
The Greatest SECRET to having Your own Highly Coveted Real Estate Investment Deals and/or Purchases go through VERY FAST when negotiating with the various Real Property Sellers is to Use and Apply this One and little known Powerful and Persuasive Negotiating Tool known as 'The Written Offer To Purchase and/or Contract Of Sale and NOT using Mere Oral Agreement Offers only'.
2. PRACTICE AND PERFECT
The process of drafting and presenting Written Offers To Purchase or Contracts of Sales to the various Property Sellers is to the Real Estate Investor what the "Internship" is to the Medical Field. Writing Written Offers is the "Clinical" part of a Real Estate Investor's training that will lead YOU to Greater Success in Your own Deals very FAST. There is no excellent way of comprehending the basics of real estate investing than to learn to write plenty Written Offers especially under the guidance of more experienced real estate investment mentors and/or professionals who can coach you forward.
3. POWERFUL AND PERSUASIVE NEGOTIATING INSTRUMENT
A Written Offer To Purchase and/or Contract of Sale used correctly, can be one of your MOST Powerful and Persuasive Negotiating Instruments in your own arsenal of negotiating tools! The Written Offer normally starts the SERIOUS negotiating process and might have to go through several discussions before all the concerned parties append their signatures to the final terms and conditions.
4. SPECIFIC PERFORMANCE
A Written Offer To Purchase and/or Contract of Sale once signed by all the concerned parties to the deal, serves to open up "Escrow" and immediately begins the clock ticking unavoidably towards the completion of the whole real estate deal. Therefore, it becomes the Main Reason for getting the whole deal completed. So, if the other party decides to back out of the deal for whatever reasons once the Written Offer is signed, the other party can sue for Specific Performance to compel the breaching party to have the deal Specifically Performed and/or Adhered to according to the agreed terms and conditions.
On the contrary, if things were left to Mere ORAL AGREEMENTS only, then most real estate deals would never get to the completion and fruition stage!
5. PROTECTION
The Written Offer To Purchase and/or Contract of Sale holds and keeps in a Legally Binding Manner what you and the seller have mutually agreed to and therefore serves as the BASIS for securing mutually acceptable results. The Written Offer also epitomizes for you the wisdom of many previous real estate deals done before you and thus serves as the accumulation of dozens of crucial clauses or terms and conditions that have been carefully and critically thought of precisely to address difficulties experienced in the past to thwart your going through the same mistakes that other less shrewd investors suffered. It also Protects and/ or Safeguards both your interests and that of your Assigns in the event of the unknown happening including the interests of the seller and his or her Assigns as well!
6. VALUABLE POSSESSION
A Written Offer To Purchase and/or Contract of Sale once signed by all the concerned parties to the deal, and properly and rightly structured, becomes a Lawful Contract or Legally Binding Document which in Itself is a Valuable Asset or Possession to YOU - The BUYER! HOW? Because it is a Possession or Asset You may take to the Market Place and USE it as a REASON for obtaining further FINANCING for Your real estate investment project!
However, You're of course bound by the terms and conditions contained in the Written Offer; BUT in effect it provides You with CONTROL over Valuable Property, and this Control and 'Interest' in the subject property can itself be Assigned to another Person, Sold and/or Traded for another Property with Higher and/or Greater benefits or advantages!
BUT Remember also that the Offer-To-Purchase and/or Contract of Sale you draft as a buyer is subject to review by the seller until you both mutually agree on all the terms and conditions of the contract!
Moreover, My Further Advice Is: You can Secure, Ensure, Enforce, Protect and Safeguard Your Interests and that of Your immediate Assigns in real property investment when You take the time to Learn and Master the Ins and Outs of Real Estate Investing.
And LEARNING and MASTERING how to write Effective Written Offers To Purchase 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 Secure, Ensure, Enforce, 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 To Purchase and NOT Mere Oral Agreement Offers only!
If you don't know how to do this, then please engage the services of professional real estate agents or legal officers to help you in this matter. There are so many professional real estate agents out there whose main primary mandate is to help you the client or customer get a good deal without suffering any headaches whatsoever afterwards.
NOTE: Don't Know How To Draft Your Own Legally Binding and/or Professionally Looking Written Offers To Purchase Which You Can Then Later On Use To Help You Get Your Deals Completed very FAST and/or Further Use To Help You Obtain Further FINANCING For Your Own Real Estate Investment Projects? Then Call On David Kapalu Today To Help You In This Matter At A Reasonable Fee!
Call David Kapalu Right NOW For Immediate and Further Assistance on: +260 977 805045 / +260 966 388525 / +260 955 168754.
OR simply email him at: dkapalu@davikrealestate.com indicating your interest in wanting to be assisted in this matter at a reasonable and highly affordable fee.
You'll Be Happy You Did!!!!!!
ATTENTION: FREE Professional Written Offer Strategy Session Consultation! - K150 Value (approximately $30 Value)!
For those people that have realized the importance of understanding the essentials of Written Offers and would like to take their real estate investment efforts to the next level and increase the chances of their Written Offers being accepted very FAST by the distinguished real property sellers, I want to offer something FREE that will help them or the people they care about when it comes to real estate investing so they can achieve that goal more quickly.
I call this something the ‘Professional Written Offer Strategy Session Consultation’. This session is valued at K150 (approximately $30) and I can make it available to only a very limited number of people due to my high busy schedule!
This FREE Strategy Session is ONLY available to people I think QUALIFY for my limited and scarce time due to the reason given in the preceding paragraph.
OTHERWISE, it is NOT available to every Jim and Jack who doesn’t qualify.
So, for those people that are serious about mastering these fundamentals or basics of real estate investing, I edge them to take advantage of this very free strategy session right away while it lasts before I strike out this one -on -one FREE consultation facility with me.
Therefore, What Are You Supposed To Do Now To QUALIFY For This Very FREE Written Offer Strategy Session?
Well, All you need to do now is simply fill in the comment box below or if you like, email me directly at: dkapalu@davikrealestate.com or simply Call or Sms me directly on the following mobile lines: +260 977 805045 / +260 966 388525 / +260 955 168754 indicating your interest in this very FREE Written Offer Strategy Session and I’ll be in touch with you about the session to set an appointment for a Qualifying Interview concerning this very Free Offer!
That’s all you’re supposed to do now GRATIS!
In this FREE Written Offer Strategy Session, We Discuss:
So, go right ahead and get in touch with me today to see how I may be of help to you in your own real property investment efforts.
Until next time, go well in your real estate searching, buying and investment endeavors. And I only hope you’ve gotten some very useful ideas and insights from this very blog post today that will go a very long way indeed in helping you in your own real estate investments efforts.
NOTE: You May Read Deadly Mistake No. 2 ->HERE
I love to hear your comments. Both positive and negative ones are all welcome. Therefore, go
right ahead and drop a comment below.
P.S: Looking for Real Estate Property to Buy, Sell, or Rent? Then click on the highlighted words right in this very sentence to have a look.
You see, dear blog reader, if you want to conquer an enemy, there are three things you must know and master regarding your enemy before you can actually wedge war against him or her successfully. These three things are:
1. You Must Know Your Enemy's Name,
2. You Must Know Your Enemy's Characteristics or Habits,
3. You Must Know Your Enemy's Place of Abode!
When you happen to know these three things mentioned above, it will then enable you to come up with a strategic game plan for Success to fight your enemy strategically rather than randomly or winning by chance.
The same is true when it comes to real estate investing! You must be in a position to know in advance the blunders that most people make so you can protect yourself when you come across seasoned real property dealers and/or sellers who might intentionally want to take advantage of you because of your lack of expertise and experience in real estate matters.
WHAT THEN ARE THE 7 MAJOR DEADLY MISTAKES PEOPLE MAKE WHEN BUYING AND/OR INVESTING IN REAL ESTATE?
Well, today we start by discussing the First Deadly Sin or Mistake people make when purchasing real property and is as follows:
DEADLY MISTAKE NO. 1 : OFFER TO PURCHASE or (CONTRACT OF SALE) WRITTEN BY SELLER INSTEAD OF BUYER
You see, dear real estate investor, when buying ANY piece of real estate property, You as a Buyer MUST be the one WRITING the Offer-To-Purchase or rather the Contract of Sale and NOT the other way round!
You Must Never Let The Seller Draft The Purchase Contract On Your Behalf!
WHY?
Because the Seller will never include anything in the Purchase Contract he thinks might be to his detriment such as the proper proration of expenses like unpaid land rates, unpaid electricity bills, unpaid water bills, unpaid cabbage collection bills etc on the property in question!
He will only include those things, terms and conditions he thinks are for his betterment! Period.
Therefore, it is incumbent upon you as a buyer to draft this Offer-To-Purchase or Contract of Sale in order to serve your own interests. WHY? Because you're the one producing the CASH or MONEY. Full Stop!
"WHY MUST I BE THE ONE WRITING THIS OFFER TO PURCHASE OR CONTRACT OF SALE INSTEAD OF THE SELLER", YOU MIGHT ASK?
Well, here are Six (6) Good Reasons why you must be the one doing this activity instead of the seller. Read below:
1. The Greatest Secret To Getting Your Real Estate Investment Deals Done & Accepted FAST By The Distinguished Real Property Sellers Is To Draft The Offers Yourself, Put Them In Written Form and Then Present Them To The Sellers As Quickly As Possible Without Any Delays Whatsoever
The Greatest SECRET to having Your own Highly Coveted Real Estate Investment Deals and/or Purchases go through VERY FAST when negotiating with the various Real Property Sellers is to Use and Apply this One and little known Powerful and Persuasive Negotiating Tool known as 'The Written Offer To Purchase and/or Contract Of Sale and NOT using Mere Oral Agreement Offers only'.
2. PRACTICE AND PERFECT
The process of drafting and presenting Written Offers To Purchase or Contracts of Sales to the various Property Sellers is to the Real Estate Investor what the "Internship" is to the Medical Field. Writing Written Offers is the "Clinical" part of a Real Estate Investor's training that will lead YOU to Greater Success in Your own Deals very FAST. There is no excellent way of comprehending the basics of real estate investing than to learn to write plenty Written Offers especially under the guidance of more experienced real estate investment mentors and/or professionals who can coach you forward.
3. POWERFUL AND PERSUASIVE NEGOTIATING INSTRUMENT
A Written Offer To Purchase and/or Contract of Sale used correctly, can be one of your MOST Powerful and Persuasive Negotiating Instruments in your own arsenal of negotiating tools! The Written Offer normally starts the SERIOUS negotiating process and might have to go through several discussions before all the concerned parties append their signatures to the final terms and conditions.
4. SPECIFIC PERFORMANCE
A Written Offer To Purchase and/or Contract of Sale once signed by all the concerned parties to the deal, serves to open up "Escrow" and immediately begins the clock ticking unavoidably towards the completion of the whole real estate deal. Therefore, it becomes the Main Reason for getting the whole deal completed. So, if the other party decides to back out of the deal for whatever reasons once the Written Offer is signed, the other party can sue for Specific Performance to compel the breaching party to have the deal Specifically Performed and/or Adhered to according to the agreed terms and conditions.
On the contrary, if things were left to Mere ORAL AGREEMENTS only, then most real estate deals would never get to the completion and fruition stage!
5. PROTECTION
The Written Offer To Purchase and/or Contract of Sale holds and keeps in a Legally Binding Manner what you and the seller have mutually agreed to and therefore serves as the BASIS for securing mutually acceptable results. The Written Offer also epitomizes for you the wisdom of many previous real estate deals done before you and thus serves as the accumulation of dozens of crucial clauses or terms and conditions that have been carefully and critically thought of precisely to address difficulties experienced in the past to thwart your going through the same mistakes that other less shrewd investors suffered. It also Protects and/ or Safeguards both your interests and that of your Assigns in the event of the unknown happening including the interests of the seller and his or her Assigns as well!
6. VALUABLE POSSESSION
A Written Offer To Purchase and/or Contract of Sale once signed by all the concerned parties to the deal, and properly and rightly structured, becomes a Lawful Contract or Legally Binding Document which in Itself is a Valuable Asset or Possession to YOU - The BUYER! HOW? Because it is a Possession or Asset You may take to the Market Place and USE it as a REASON for obtaining further FINANCING for Your real estate investment project!
However, You're of course bound by the terms and conditions contained in the Written Offer; BUT in effect it provides You with CONTROL over Valuable Property, and this Control and 'Interest' in the subject property can itself be Assigned to another Person, Sold and/or Traded for another Property with Higher and/or Greater benefits or advantages!
BUT Remember also that the Offer-To-Purchase and/or Contract of Sale you draft as a buyer is subject to review by the seller until you both mutually agree on all the terms and conditions of the contract!
Moreover, My Further Advice Is: You can Secure, Ensure, Enforce, Protect and Safeguard Your Interests and that of Your immediate Assigns in real property investment when You take the time to Learn and Master the Ins and Outs of Real Estate Investing.
And LEARNING and MASTERING how to write Effective Written Offers To Purchase 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 Secure, Ensure, Enforce, 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 To Purchase and NOT Mere Oral Agreement Offers only!
If you don't know how to do this, then please engage the services of professional real estate agents or legal officers to help you in this matter. There are so many professional real estate agents out there whose main primary mandate is to help you the client or customer get a good deal without suffering any headaches whatsoever afterwards.
NOTE: Don't Know How To Draft Your Own Legally Binding and/or Professionally Looking Written Offers To Purchase Which You Can Then Later On Use To Help You Get Your Deals Completed very FAST and/or Further Use To Help You Obtain Further FINANCING For Your Own Real Estate Investment Projects? Then Call On David Kapalu Today To Help You In This Matter At A Reasonable Fee!
Call David Kapalu Right NOW For Immediate and Further Assistance on: +260 977 805045 / +260 966 388525 / +260 955 168754.
OR simply email him at: dkapalu@davikrealestate.com indicating your interest in wanting to be assisted in this matter at a reasonable and highly affordable fee.
You'll Be Happy You Did!!!!!!
ATTENTION: FREE Professional Written Offer Strategy Session Consultation! - K150 Value (approximately $30 Value)!
For those people that have realized the importance of understanding the essentials of Written Offers and would like to take their real estate investment efforts to the next level and increase the chances of their Written Offers being accepted very FAST by the distinguished real property sellers, I want to offer something FREE that will help them or the people they care about when it comes to real estate investing so they can achieve that goal more quickly.
I call this something the ‘Professional Written Offer Strategy Session Consultation’. This session is valued at K150 (approximately $30) and I can make it available to only a very limited number of people due to my high busy schedule!
This FREE Strategy Session is ONLY available to people I think QUALIFY for my limited and scarce time due to the reason given in the preceding paragraph.
OTHERWISE, it is NOT available to every Jim and Jack who doesn’t qualify.
So, for those people that are serious about mastering these fundamentals or basics of real estate investing, I edge them to take advantage of this very free strategy session right away while it lasts before I strike out this one -on -one FREE consultation facility with me.
Therefore, What Are You Supposed To Do Now To QUALIFY For This Very FREE Written Offer Strategy Session?
Well, All you need to do now is simply fill in the comment box below or if you like, email me directly at: dkapalu@davikrealestate.com or simply Call or Sms me directly on the following mobile lines: +260 977 805045 / +260 966 388525 / +260 955 168754 indicating your interest in this very FREE Written Offer Strategy Session and I’ll be in touch with you about the session to set an appointment for a Qualifying Interview concerning this very Free Offer!
That’s all you’re supposed to do now GRATIS!
In this FREE Written Offer Strategy Session, We Discuss:
- Your current or present situation including discussion of the various real estate investment options and other relevant issues unique to you
- Your real estate investment goals and vision for your future. Where do you want to be or go with your real estate investment efforts within the next few years?
- The problems, difficulties, hiccups, frustrations, disappointments and/or challenges you are facing right now or have already faced in the past in your own real estate investment efforts and what you need to do NOW to overcome these hurdles.
- A discussion of next and progressive steps and an action plan to move you towards your real estate investment goals.
- Simple and Quick Sources of Funding or Alternative Sources of Funding or Consideration for your own real estate investment efforts.
- Some Template or Example Terms and Conditions you can incorporate into your own Written Offers to help you ENTICE the distinguished property sellers of your ideal properties so they can offer you their properties based on your own favorable terms and conditions and NOT theirs!
So, go right ahead and get in touch with me today to see how I may be of help to you in your own real property investment efforts.
Until next time, go well in your real estate searching, buying and investment endeavors. And I only hope you’ve gotten some very useful ideas and insights from this very blog post today that will go a very long way indeed in helping you in your own real estate investments efforts.
NOTE: You May Read Deadly Mistake No. 2 ->HERE
I love to hear your comments. Both positive and negative ones are all welcome. Therefore, go
right ahead and drop a comment below.
P.S: Looking for Real Estate Property to Buy, Sell, or Rent? Then click on the highlighted words right in this very sentence to have a look.
