Purchase Sale Agreement
I have John Locke's Sub2 course and though he provides all the contracts and documents needed for a sub2 transaction I believe they aren't state specific. I was wondering if anyone uses a PSA (recognized here in GA)? If so, did the wording have to be changed for a sub2 deal?
AR:
I took John's BO&A to an attorney for review. He thought I should add some IL-specific contract language (closing date, inspections, etc.) but thought it would fly for the most part.
I downloaded a copy of the PSA used by realtors in IL, took some of the provisions from that and added to John's BO&A.
I'd recommend you do the same: either download or ask a title company or realtor for a blank PSA. Compare it to John's BO&A. Add pieces you think you need and find an RE lawyer to review it (or you can just have them review John's BO&A and ask for suggested revisisions, then take those provisions right from the GA PSA.)
Andy
Quote:
On 2004-08-24 13:59, arytkatz wrote:
AR:
I took John's BO&A to an attorney for review. He thought I should add some IL-specific contract language (closing date, inspections, etc.) but thought it would fly for the most part.
I downloaded a copy of the PSA used by realtors in IL, took some of the provisions from that and added to John's BO&A.
I'd recommend you do the same: either download or ask a title company or realtor for a blank PSA. Compare it to John's BO&A. Add pieces you think you need and find an RE lawyer to review it (or you can just have them review John's BO&A and ask for suggested revisisions, then take those provisions right from the GA PSA.)
Andy
artykatz,
Thanks for the reply and suggestions. I have the Intellipoint Pro software with the PSA form on it and I imported John's BO&A form to it as well. So, I'll piddle around with it.
Thanks