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Benefits of a Non-Disclosure Agreement for Real Estate Investing
Friday, June 2, 2017

Whether you’ve already started real estate investing or are trying to navigate how to buy a house, you should familiarize yourself with a non-disclosure agreement.

Regardless of the role you play in purchasing or selling a property, a non-disclosure agreement is designed to serve as protection for your interests in the property.  This agreement is a common standard practice in all types of real estate investing and is not a lifetime contract.  Keep in mind as you review and sign this form that it is in place as a safeguard for all parties.  It also defines the obligations and rights of each party.

If you’re brokering a deal, a non-disclosure agreement will prevent transactions from occurring behind your back.  As a broker, when your name is listed on this agreement it highlights your role in the transaction and assures that you will be compensated properly for your contribution and expertise.

For a buyer, the non-disclosure agreement provides legal protection of your personal and financial information involved in the transaction.  It also limits the number of buyers that can consider the property.

The non-disclosure agreement aids the seller in the transaction by limiting the number of potential buyers.  Too many buyers attempting to lowball or to consume your time when they don’t have a genuinely reasonable offer can be a drain on resources.

Some final key items to consider when forming your non-disclosure agreement are:

·        Have the agreement drafted in writing

·        Make sure all parties names are listed and each individual signs and dates

·        Have the agreement notarized

Wolterman Law cares about protecting your interests in all of your legal transactions, contact us today at 513-488-1135 with any questions you may have regarding your real estate investing or to have a Non-Disclosure Agreement drafted. 





 
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Wolterman Law Office LPA

Wolterman Law Office LPA provides legal counsel for clients in Hamilton County, Warren County, Clermont County and Butler County in Southwest Ohio, including communities such as Loveland, Cincinnati, Mason, West Chester, Blue Ash and Milford.
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