If you post your email address I’ll email you a copy of the contract.
It’s an unusual deal, however, that requires a few elements to be present. First, the seller has to be a “true believer” in that s/he believes that the price of the property is going to come back within the term of the contract. Second, the seller must have enough equity – or be able to write a large enough check at closing – to collateralize the downside protection portion of the guarantee for the buyer. And third, despite the previous two elements, the seller has to have some urgency to unload the property.
I think it’s very unusual to find all three elements present regarding a property that you’d actually be interested in purchasing. Frankly, I just got lucky.
Nevertheless, I’m happy to send you a copy of the contract.
