Land Contract Red Flags: Don't Get Stuck With a Bad Contract!

from Turning Profit · host Pete and Heather Reese

In this week’s episode of the Turning Profit podcast, Heather and I discuss another veeeery important subject (I know, we say this every episode, and we’re right every episode!): How to make sure you don’t get stuck with a bad contract.Being able to spot contract pitfalls and red flags is a skill many of us develop after falling for a few bad ones.However, you don’t have to, because we’re here to help you weed out the bad contracts from the good ones.In this week’s episode, Heather and I will be sharing with you ALL the things to look out for before signing a contract, from sale contingencies to how the buyer is going to pay for the property and everything in between.Are you ready?Let’s dive in.Key Takeaways:Introduction (00:00)What’s the news this week? (05:58)Review your offers (12:49)How is the buyer paying for the property? (24:56)Sale contingencies (28:56)Other contingencies to look out for (33:41)Questions for Pete (40:58)Additional Resources:✨ Get all of our recommended tools and services at https://resources.landconquest.com✨ Follow Pete on Instagram here: https://www.instagram.com/partnerwithpete✨ Connect with Pete on LinkedIn here: https://www.linkedin.com/in/partnerwithpete/—Turning Profit is a podcast for people who love real estate, brought to you by Pete and Heather Reese.Follow us on your favorite platform so you never miss an episode!

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This episode was published on June 13, 2023.

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