Summary
If you're buying real property such as a lot, condo or house, then congratulations! It's going to be helpful if you're confident with all of the documents and the title transfer process. At some point in the process, you will encounter the CONTRACT TO SELL, one of the most common legal documents out there.
But some people ask, "What exactly is a Contract to sell?" Most people keep signing it without understanding what it's for. Sometines they ask "How is this different from a Deed of Absolute Sale? How do i make one and ensure that it contains everything that i need."
If you're asking the same thing, then stick around as we talk about it on today's episode.
What is it - preparatory contract - runway
When do you use it - if not a full payment
Why is it safer to have this versus just paying - documents the steps, not left to the parties.
This summary is based on the video's description. For general education only; not legal advice for your specific situation.
