Hello, I am Attorney Nicholas G. Sadaka
I am a Real Estate Lawyer in Florida and I have begun working with Global Luxury Realty Broker Bill Gardner.
The reason we have begun working together is to help you, the valued real estate agent, properly fill in your Purchase and Sale Contracts to create less headaches, less liability issues and make you look even better to your clients.
In a normal week, I review several offers on properties all around the Emerald Coast. How many of these contracts are filled out correctly? Nary a one. Today I received an offer on a home in Niceville Florida. It was hard to even figure out what the offer was. First, the buyer's agent wrote the purchase price on the contract line labeled "deposit". She left the "purchase price" line blank. Next she checked off "cash with no financing". Next to that she checked "VA financing". She wrote in a closing date of March 31, about three weeks from now, but allowed the short sale lender 90 days to approved the contract. Are you starting to see something amiss here?
To top it off, she included her own comparative market analysis to justify her buyer's price. As if I would recommend forwarding her price opinion to the seller, to supercede the one done for them already.
What was she thinking?
I emailed the agent back, asking:
1. Is the earnest money "deposit" of $200,000 "really" the offer amount?
2. Are the buyers paying "cash" or doing "VA financing", as you checked both?
3. Do the buyer expect to close in three weeks, but allow the lender three months to make the decision?
Now is the prime time to elevate the profession of selling real estate. Learn to Fill out your contracts correctly -- or expect a lot of cross-outs and initials until you get it right.
Why not invest an hour of time and come and have a light lunch with me and a few of your fellow Agents and learn. I will help you to understand the whats and why's of each section, and show you some serious red flag areas, so that when you are ready for your next deal, you will be better equipped and more knowledgeable - making you look even better!!
When? 11:30 AM- 1PM - Tuesday December 18th, 2018
401 East Las Olas Boulevard, Suite 1400
Ft Lauderdale, FL 33301
With Whom? Me, Attorney Nicholas G. Sadaka