Hi sorry if it is very unclear, I am just wondering how money changes hands when a land is not titled and vendor only has paid a deposit to the developer?
Say vendor bought land for $250k. Paid developer say 25k deposit, and 225k due upon title which is say in 6-12 months.
Now if you buy if off vendor for 300k for example ...
Are there any special clauses you need to include in the S&P?
Say vendor bought land for $250k. Paid developer say 25k deposit, and 225k due upon title which is say in 6-12 months.
Now if you buy if off vendor for 300k for example ...
Are there any special clauses you need to include in the S&P?
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