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abby tiscareno Agreement between the parties and in the case of real estate consideration.
Brigham City, UT
San Jose, CA
Candice A. Donofrio
Fort Mohave, AZ
Michael Setunsky has the answer I was going to provide.
San Jose, CA
A gun. 3:)
Okay, besides that . . . a fully executed contract where agreement to sell and to buy is spelled out . . . with some type of consideration.
Ryan Huggins - Thousan...
Thousand Oaks, CA
What Michael Setunsky said!
It appears Michael Setunsky beat us all to the answer.
Michael Setunsky has got this one.
Exactly what Michael Setunsky said.
It should be signed by the appropriate parties and include consideration as Michael Setunsky indicates
let me find my text book and get back to you on that one.
It's signed and dated by all parties to the contract. Beyond that, ask an attorney.
A signature, no evidence of usury, and a willingness to pursue litigation should things go sideways.
Agreement, dates, signatures, specific wording.
Delivery of Earnest money!
Others have answered,
A signature by someone over 18 and in full mental capacity, if provisions are not illegal.
abby tiscareno - the signatures on contract.
Having the blanks filled in properly. Oh, and having everyone sign and initial in the appropriate places.
This information can be found in any prelicense textbook.
Parties are of sound mind.
Fully ratified by both parties.
There has to be an offer and acceptance. There must be consideration. All parties must be competent and in Colorado if it's not in writing...it's not enforceable.
This may vary by state law.
Written agreement that is signed by all parties, consideration (earnest money) and copies to delivered to all parties as soon as possible.
That can vary and best asked of an attorney.
Contract law has five essentials to apply to a valid contract easily researched
I'll go with Sandy and Norm Padula on this one. Read the book!
Follow the rules in your state.
ask a real estate attorney....
Chapter 2 The Contract
Parties must be of legal age
Must be for a legal purpose
Must have consideraton
Parties must be competent
And if it deals with the exchange of real property it must be in writing.
Meeting the criteria set out in the law where the contract applies.