I'm looking for a real estate attorney who understands real estate contract law in the state of California. And more specifically, I'm looking for someone with experience writing purchase agreements for real estate investors that protect the investor. For this particular contract, I (the investor) will always be the "buyer".
The contract is from another state (Michigan I believe), and I want it modified to cover all aspects of California Real Estate law that need to be included/addressed in a purchase contract for off-market, as-is real estate purchases (land, houses, condos, town-homes, multi-family properties). There is currently verbiage in the contract allowing for the buyer (me) to pay for owed property taxes - I want this to remain as it is part of my buying strategy.
I would like a breakdown and explanation of what was revised/added/removed, and an overall analysis of the purchase contract. I would like to keep the contract to one page if at all possible. The goal being a simple and straightforward contract that is not intimidating to the seller, but still fully protects me legally as the buyer.
I would also like recommendations on whether or not a payment method section should be added, and if so, I'd like to know if there are typical variations that can be used for different financing options. Most purchases will be cash purchases using hard money lenders, private lender, or portfolio lenders, but I'd like the option to do seller carryback/financing as well.
Lastly, I'd like recommendations on any clauses/contingencies (ie. inspection, financing, partner agreement, etc) that should be added to the contract to allow me to back out of the deal should something come up. You will see that the contract currently has a very blatant cancellation clause (#6), but I'm not sure if that's the best approach.
If you have other recommendations, or feel I have left out important considerations, or even if you feel that I am misinformed on the subject of real estate purchase contracts - I am all ears. Thanks!