Episode 2 : What should be on the Deal Sheet?

In this episode of Rock the Closing, Orsolya and Dalia break down everything you need to know about the deal sheet, also known as the transaction sheet. This key document outlines the agreed-upon terms between a buyer and seller in a real estate transaction and sets the stage for the rest of the closing process. We cover who typically fills out the deal sheet, what essential information should be included, and how accurate details can make or break the deal. Whether you’re a broker, an attorney, or even a For Sale By Owner (FSBO) seller, this episode provides a detailed look at how to get the deal sheet right.

IN THIS EPISODE, YOU’LL LEARN:

• What a deal sheet is and why it’s so important in real estate transactions.

• Who is responsible for filling out and sharing the deal sheet.

• The essential information that should be included on a deal sheet, such as:

  • Property address, unit number, and other identifying details.

  • The names and contact information for both the buyer and seller, as well as their respective attorneys and brokers.

  • Purchase price, down payment amount, and financing details.

  • Management company information for condos and co-ops.

  • Contingencies, inclusions/exclusions, and special terms (e.g., inspection waivers).

• How inaccuracies in the deal sheet can lead to delays and potential legal issues.

• Why a clear and accurate deal sheet sets the tone for a smooth closing process.

NEW TO THE SHOW?

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• Get in touch with Dalia Zaza: Email | Phone | Website | LinkedIn

• Check out our website at ⁠www.rocktheclosing.com⁠ for more information and updates.

Music Credits

Music by SoundHills, Beautiful Minds. Find more at ⁠https://protunes.net/⁠

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Disclaimer:

Thank you for tuning in to RTC! This podcast is hosted by real estate attorneys, who offer valuable insights. Please remember that the content is for educational purposes only and does not constitute legal advice. Always consult a qualified professional before making any decisions. This podcast is copyrighted by Rock the Closing, and any reproduction, syndication, or rebroadcasting of the content requires written permission.