Last Changed: September 8, 2024

Introduction

These Terms of Service ("Terms") govern your use of the Asetla, LLC ("Company," "we," or "us") website and services. By using our platform, you agree to these Terms. Asetla, LLC is a real estate dispositions wholesale company that partners with wholesalers to market properties to investors through a wholesale assignment model.

Services

Asetla, LLC provides a platform to market real estate investment properties on behalf of wholesalers to investors. Properties are sold on a first-come, first-serve basis, with no bidding wars.

Wholesaler Guidelines

Wholesalers who wish to market their properties with us must:

1. Sign a non-exclusive joint venture or option agreement.

2. Provide a copy of the original purchase and sale agreement.

3. Disclose all known terms, conditions, and property information.

Investor Guidelines

Investors purchasing properties must:

1. Complete due diligence before signing an assignment contract.

2. Deposit a 3% non-refundable Earnest Money Deposit (EMD) into escrow by 12 PM the next business day upon executing an assignment contract with Asetla, LLC.

3. Close by the specified close-of-escrow date.

4. Investors purchasing sight unseen must deposit the EMD prior to any property access or final walkthrough, which will not serve as an inspection.

5. When committing to purchase a property and take an assignment contract, Investors have two hours to sign the assignment agreement or the deal may go to a backup buyer.

EMD Refund Policy

If the seller breaches or fails to deliver clear title, the investor will receive a refund of the EMD. If the investor breaches the contract, they forfeit the EMD without needing to sign its release.

Non-Circumvent

Investors: You are prohibited from contacting the original property sellers directly. You must adhere to this non-circumvent policy.

Wholesalers: You are prohibited from contacting the investor who purchases the property. All communications must be facilitated through Asetla, LLC.

Dispute Resolution

By entering into an agreement with Asetla, LLC, you waive all claims against Asetla, LLC, its employees, and representatives arising from property purchases. You agree to indemnify and hold harmless Asetla, LLC and its representatives from any liability arising from your transactions.

Governing Law

These Terms are governed by the laws of the State of California. Any disputes will be resolved in the courts of California.