Crucial Real Estate Paperwork to Buy and Sell
Indiana Investment Property
protect against problems in 2018
Want to buy and sell property but worried about the rules on paperwork? Good. You should be.
Maybe you are an experienced investor with paperwork and systems in places. Well there’s good reason to re-examine your processes and paperwork.
A lot has changed in real estate law recently, locally and nationally, that you need to know so you’re not caught on the wrong side of a check.
Undisclosed defects of bank repos, foreclosures, and tax sales of Indiana real estate transactions are prevalent problem in today’s real estate market. How investors can protect against undisclosed defects when buying investment property is, and should be, a big concern.
Now more than ever active investors, whether buying, selling, renting, flipping, wholesaling, or lease-optioning, need to be aware of:
» Undisclosed Defects
» Intentional Misrepresentation
» Negligent Misrepresentation
» Innocent Misrepresentation
» New Disclosure Obligations
REIA TO THE RESCUE
Indiana REIA™ member and Realtor® Doug Lucas rose to the challenge of addressing the memberships concerns for transparency and accountability. Doug recently compiled a list of the big changes in real estate and delivered this presentation to safeguard your investment decisions.
Processes and paperwork for and including:
» The Purchase Agreement
» Supplemental documents
» The inspection phase of the transaction
» Maintenance and defects issues
» Options and obligations of buyers and sellers when defects are discovered.
When buying and selling Indiana investment property you can help protect yourself and your assets against lawsuits using the new Indiana Sales Disclosure form. Download it here »
Have paper and pen handy during this training to list the areas you may need counsel for. Then bring your questions and concerns to the REIA meeting Saturday February 17th
Here’s what you get…
Crucial Real Estate Paperwork & Processes for Indiana Investment Property:
- Real life examples of the property inspection phase
- How to properly use a Real Estate Purchase Agreement
- Which supplemental documents to use in 2018 and when
- Detailed steps to deal with Defects and you’re obligations, and more!
Beginner to Advanced
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All good businesses try to stay up to date with compliance; but carving out the time is another thing. We had used the same forms and processes for our retail real estate company for two decades so I knew there were things that needed updating.
But it wasn’t until I attended the Fort Wayne REIA meeting that I was called out on our current processes and paperwork for flipping houses that I decided it was now important to make the time.
During an REIA Q&A session it was brought up that the powers that be are taking a strong stance against several of the old-school real estate forms. Doug was very knowledgeable on the topic and patient in explaining (coaxing) that all investors get up to speed or face some serious consequences.
This is an example of how even senior investors need continuing education from a supportive community. As a former slave-to-the-grind turned financially free and time-free business owner I can attest to the fact that only at REIA do I get this kind of community care, resources and training. Meetups are for hobbies; associations are professionals.
Scott FladHammer, Wealth Education™
MEET THE PRESENTER
Full-time, licensed real estate agent with Coldwell Banker/Roth Wehrly Graber since 2006, Doug Lucas is a full-time, licensed real estate agent representing residential sellers and buyers and privately owned and bank owned foreclosures, short sales and HUD properties.
“I love working with investors to find the perfect property, as well as home sellers and assisting them in accomplishing their goals in timely and professional manner. If you want a professional expert by your side, let’s talk.”
Doug’s areas of real estate experience includes representing residential investors, sellers and buyers, including first-time home buyers. Transactions include privately owned, bank owned, short sales, HUD properties, and employee relocation.
Prior to real estate, Doug’s experience is primarily in food service sales and marketing, including sales and sales management positions with Bertsch Services, US Foodservice, and Sysco. You can connect with Doug in the Member Directory and at the Fort Wayne REIA meetings.
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