purchase agreement

[wsloot]

Jurisdiction

California

I'm selling my home. The buyer signed the purchase agreement as an individual. I just received an addendum to sign. The buyer wants to change from an individual to a corporation. Should I be worried? Do I need to protect myself from a corporation vs an individual buyer?

 

[army judge]

I'm selling my home. The buyer signed the purchase agreement as an individual. I just received an addendum to sign. The buyer wants to change from an individual to a corporation. Should I be worried? Do I need to protect myself from a corporation vs an individual buyer?

Before you sign anything, you must know what you're being asked to sign purports to be, and why you're being asked to sign it.

At this point you require REAL legal advice from a CA licensed real estate attorney, one that you HIRE.

The $500-$1,000 you spend to advise you now, is money well spent.

I suggest you spend that money.

 

[adjusterjack]

The buyer wants to change from an individual to a corporation. Should I be worried?

Yes.

Do I need to protect myself from a corporation

Yes.