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2. PreContract Considerations by Karl B. Holtzschue, New York, NY A. Seller 1. Client interview: Consider giving the client an engagement letter, explaining the scope and terms of your engagement
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01
Collect all relevant information and documents related to the property being sold.
02
Determine the agreed selling price and any special conditions or terms of the contract.
03
Prepare the necessary pre-contract considerations, which may include items such as deposit amount, inspection period, and any contingencies.
04
Ensure that both parties understand and agree to the pre-contract considerations before signing.
05
Provide copies of the pre-contract considerations to all parties involved and retain originals for future reference.
06
Seek legal advice if necessary to ensure that the pre-contract considerations comply with local laws and regulations.
07
Sign the pre-contract considerations and keep a copy for record-keeping purposes.

Who needs 2 pre-contract considerations seller?

01
Individuals or companies who are selling a property and want to establish the terms and conditions of the sale before entering into a formal contract.
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The seller is required to disclose 2 pre-contract considerations which may impact the sale of the property.
The seller or the seller's agent is required to file 2 pre-contract considerations.
The seller must provide all relevant information regarding any considerations that may affect the sale of the property in the designated form.
The purpose is to ensure transparency and provide important information to potential buyers before entering into a contract.
Information such as known issues with the property, legal disputes, pending construction projects, or any other factors that may impact the sale.
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