My husband, Michael Kall, is a real estate broker in michigan. He was able to acquire his first piece of real estate here in the city, a home that he is renovating, and he came down to speak to me to give me some insight about the process.
I’ll try to break this down into some clear and simple concepts. The deed itself is usually a clear document that sets out the owner’s rights and obligations to the property, and the process of entering into a contract with your seller.
A contract is essentially what your broker does, you buy a product, and then the broker then makes that product available to you. Your contract is often a legal document. It’s what your broker writes from you down the phone. It’s what he signs and puts in the mail. It’s what he sends over with the contract. What a contract is, is a contract between you and the seller.
The owner does the contract, the buyer does the sale (or the buyer’s actions) and so on. There are seven different contract types. You can either have one or more of the contract types, you can have the buyer’s contract, or you can have the seller’s contract. Each contract type is a specific type of contract, there are many different types of contracts that you can have in your life.
You can’t buy a house like some people buy cars. It is not a new car, a used car. It is a new house with a new contract. A contract is an agreement between two people that has to be kept.
Contracts (or agreements) are agreements between two people. And the way we are able to talk about this is that there are seven different types of contracts. It is not that you just bought a house with a contract. You don’t buy a house. You buy a contract. That’s how we do it. There are many different types of contracts that you can have. Your contract might be a home improvement contract or a child support contract. It might be a car rental contract.
Some contracts are very complex. The most complicated, and the most important, is when you buy a home and you actually have to keep it. We call these “deeds.” Your deed specifies the transfer of ownership of your home from one person to another. Deeds are the most valuable type of contract, because they specify what is actually happening.
Every deed you have is a record of your agreement to do something: to transfer your property from one party to another, to give your property to your ex-spouse, to start a business, to give money to your children. All deeds are backed up by a contract.
Don’t be a dick. Take a look at the text of your deed and see whether it describes something that you didn’t intend to do.
Deeds are the most valuable type of contract, because they specify what is actually happening.Every deed you have is a record of your agreement to do something to transfer your property from one party to another, to give your property to your ex-spouse, to start a business, to give money to your children. All deeds are backed up by a contract.Dont be a dick.
