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Video instructions and help with filling out and completing Colorado contract to buy and sell real estate residential
Welcome to Vedas real-estate learning videos presented by V the real property sent services offering services to buyers and sellers in the Denver metro area in Colorado my name is Roy Helu Rodriguez you can visit us at V the real properties calm so this video will present reading the residential contract to buy and sell real estate specifically in the state of Colorado major points recovering finding the contract online structure of the contract and reviewing the benefits of understanding the contract alright so first we have to find this contract let's start off with old friend Google what we're looking for is the division of real estate and let's go with Colorado we're gonna discuss so you'll once you arrive at this page you're at the right basically right page these are the different services that are offered through the division real estates website you can see all the different things that they they're able to govern or have a say in now we can go to the real estate contracts and forms look at all these approved forms and you can read here exactly kind of what they say and they take from the state as far as using these forms who can use them and under what section of the Colorado statutes etc what you're looking for is not this listing contract you're looking at sales contracts and you're looking for the contract to buy and sell residential that's CBS one when you click on it you should get the PDF form of the of the contract so that's gonna be sixty pages so let's go all the way down here and you'll see sixteen pages page 16 of 16 so then let's look at the structure of this basically going to see first of all that this is a proof form this is a legal binding contract seek legal counsel etc in the state of Colorado the state has given permission to licensed real estate professionals to basically fill in the blanks anything that's not already listed here that's going to be under additional provisions which we'll see towards the end of the the contract they recommend that an attorney review that or that you kind of you'll see here the following additional provisions have not been approved by law real estate commission okay so you have the introductions and all that you'll see this lines and that's just the line number that just a guide to make things easier to find the other thing that's very useful is to go back into number three where has dates and deadlines you'll see the section and the paragraph will you find the listed item in detail I'd like to say this sort of a it's a table content is sort of an accordion of the the entire contract so if we were to expand all of this you'll get you know the entire contract except for these items that are listed before getting to number.