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Rainmaker
1,367,527
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

abby tiscareno Agreement between the parties and in the case of real estate consideration.

Nov 22, 2016 02:30 AM
Rainmaker
3,246,874
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Michael Setunsky has the answer I was going to provide.  

Nov 22, 2016 03:09 AM
Rainmaker
682,204
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

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.

Nov 22, 2016 02:43 AM
Ambassador
3,193,324
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

What Michael Setunsky said!

Nov 22, 2016 04:58 PM
Rainmaker
1,026,918
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

It appears Michael Setunsky beat us all to the answer.

Nov 22, 2016 04:54 PM
Rainmaker
2,765,619
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Michael Setunsky has got this one.

Nov 22, 2016 04:50 PM
Rainmaker
4,321,561
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Abby,

Exactly what Michael Setunsky said.  

Nov 22, 2016 12:16 PM
Ambassador
3,918,117
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

It should be signed by the appropriate parties and include consideration as Michael Setunsky indicates

Nov 22, 2016 03:39 AM
Ambassador
4,064,712
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

let me find my text book and get back to you on that one.

Nov 22, 2016 03:17 AM
Rainmaker
2,981,701
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

It's signed and dated by all parties to the contract. Beyond that, ask an attorney.

Nov 22, 2016 03:11 AM
Ambassador
881,581
John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

A signature, no evidence of usury, and a willingness to pursue litigation should things go sideways.

Nov 22, 2016 02:48 AM
Rainmaker
1,212,814
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Agreement, dates, signatures, specific wording.

Nov 23, 2016 03:41 PM
Rainmaker
3,074,813
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Delivery of Earnest money!

 

Nov 23, 2016 10:19 AM
Rainmaker
4,432,083
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Others have answered,

Nov 23, 2016 08:55 AM
Rainmaker
725,190
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

A signature by someone over 18 and in full mental capacity, if provisions are not illegal.

Nov 23, 2016 05:24 AM
Ambassador
4,298,296
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

abby tiscareno - the signatures on contract.

Nov 22, 2016 10:52 PM
Ambassador
3,673,547
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Having the blanks filled in properly. Oh, and having everyone sign and initial in the appropriate places.

Nov 22, 2016 09:02 PM
Ambassador
3,981,962
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

This information can be found in any prelicense textbook.

Nov 22, 2016 06:29 PM
Ambassador
2,345,039
Fred Griffin presently on Leave of Absence
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Parties are of sound mind. 

Nov 22, 2016 06:29 PM
Rainmaker
642,552
Paul Antonelli
Antonelli Realty - Saint Cloud, FL
Broker Owner; Antonelli Realty

Fully ratified by both parties.

Nov 22, 2016 04:51 PM
Ambassador
2,188,650
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

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. 

Nov 22, 2016 04:44 PM
Rainmaker
4,796,551
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

This may vary by state law.

Nov 22, 2016 04:37 PM
Rainmaker
527,231
Karen Feltman
Cedar Rapids/Iowa City, IA KW Legacy Group - Cedar Rapids, IA
Relocation Specialist in Cedar Rapids, Iowa

Written agreement that is signed by all parties, consideration (earnest money) and copies to delivered to all parties as soon as possible.

Nov 22, 2016 03:26 PM
Ambassador
1,614,444
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

That can vary and best asked of an attorney.

Nov 22, 2016 02:42 PM
Rainmaker
2,426,419
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Contract law has five essentials to apply to a valid contract easily researched

Nov 22, 2016 01:19 PM
Rainmaker
3,173,497
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

I'll go with Sandy and Norm Padula on this one. Read the book!

Nov 22, 2016 01:08 PM
Rainmaker
5,270,750
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Follow the rules in your state.

Nov 22, 2016 12:58 PM
Rainmaker
4,876,187
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

ask a real estate attorney....

Nov 22, 2016 12:49 PM
Rainmaker
1,523,517
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Chapter 2 The Contract

Nov 22, 2016 12:33 PM
Rainmaker
2,903,569
Richard Weeks
Dallas, TX
REALTOR®, Broker

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.

Nov 22, 2016 03:40 AM
Rainmaker
1,157,264
FN LN
Toronto, ON

Meeting the criteria set out in the law where the contract applies.

Nov 22, 2016 03:03 AM