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Rainmaker
1,466,207
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
4,571,456
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Michael Setunsky has the answer I was going to provide.  

Nov 22, 2016 03:09 AM
Rainmaker
1,052,056
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
5,228,997
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

What Michael Setunsky said!

Nov 22, 2016 04:58 PM
Rainmaker
1,027,602
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
Ambassador
3,344,906
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Michael Setunsky has got this one.

Nov 22, 2016 04:50 PM
Rainmaker
2,224,473
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
5,772,575
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
5,048,708
Jeff Dowler, CRS
eXp Realty of California, Inc. - 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
6,392,879
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - 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
5,104,806
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

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

Nov 22, 2016 03:11 AM
Ambassador
1,076,531
John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, 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
1,502,848
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Agreement, dates, signatures, specific wording.

Nov 23, 2016 03:41 PM
Rainmaker
4,935,551
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
4,434,127
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
900,008
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
Rainmaker
4,319,419
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
3,727,873
Patricia Kennedy
RLAH@Properties - 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
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

This information can be found in any prelicense textbook.

Nov 22, 2016 06:29 PM
Ambassador
2,684,009
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Parties are of sound mind. 

Nov 22, 2016 06:29 PM
Rainmaker
815,153
Paul Antonelli
Antonelli Realty - Saint Cloud, FL
Broker Owner; Antonelli Realty

Fully ratified by both parties.

Nov 22, 2016 04:51 PM
Rainmaker
4,800,082
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
532,854
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
Rainmaker
1,712,676
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
2,781,013
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
5,215,388
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
7,834,939
Roy Kelley
Retired - Gaithersburg, MD

Follow the rules in your state.

Nov 22, 2016 12:58 PM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

ask a real estate attorney....

Nov 22, 2016 12:49 PM
Rainmaker
1,725,896
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Chapter 2 The Contract

Nov 22, 2016 12:33 PM
Rainmaker
4,881,462
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
1,157,785
FN LN
Toronto, ON

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

Nov 22, 2016 03:03 AM