DanielSun 7 Report post Posted November 19, 2012 On the option contract, there is a section that states the preparer of the contract shall not be held reliable for any omissions, errors of the contract, one seller felt uncomfortable about that part, I have no idea who that section protects, can I just remove it out of the contract? Since I am not the actual preparer. Share this post Link to post Share on other sites
MichaelC 160 Report post Posted November 19, 2012 Daniel, that's standard legal mumbo-jumbo that is in most every agreement I've read and used. I see no harm in leaving it in place. But if you want to remove it you certainly can do so. Share this post Link to post Share on other sites
DanielSun 7 Report post Posted November 19, 2012 Alrighty Thanks, just another nervous seller who may or may not close, i've deleted 2 sections from the contract already lolz. Share this post Link to post Share on other sites
MichaelC 160 Report post Posted November 20, 2012 We're all the motivated buyers, of course. But you don't want to strip the paperwork to the point you aren't protected. If this is a CA, the homeowner should be pleased with the agreements since they are very pro-homeowner. Share this post Link to post Share on other sites
DanielSun 7 Report post Posted November 26, 2012 Another question, when we meet with the seller, can we just use the "short offer form" as our initial agreement, then later sign the formal Option agreement when we find a buyer? Because the short offer form is simple and straight forward, the owner won't be thinking of going to lawyers for review. Share this post Link to post Share on other sites
MichaelC 160 Report post Posted November 26, 2012 I wouldn't go that route, Daniel, because the Short Offer isn't binding. I want to work with a homeowner who is committed to seeing the deal through. If the owner has an inclination to run to an attorney, they'll do so no matter when you show up with the full agreement. I'd rather I know early in the process that they are going to a deal-killer, rather than after a month's work. Share this post Link to post Share on other sites