Real Estate Contracts and Agreements
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Real Estate Contract
Real estate contracts, the available types, and how they benefit investors can be confusing for those just starting real estate investing.
Retaining the services of a top-rated business lawyer in Atlanta can ensure you have the information necessary for making informed investment decisions. Contact the professionals at Perigon Legal Services for additional information and advice.
What Is a Property Contract?
Signing a real estate contract implies a legal agreement between two or more parties negotiating real estate transactions. This document outlines the agreed-upon terms and officially enforces them once the contract is signed.
Home buyers should be aware of the various details that come with a real estate purchase agreement. This can include the following:
- Real estate contingencies
- Agreed upon purchase price
- Earnest money deposit amount
- Included appliances and other property details
- Who pays for the closing costs and recording fees
- When the closing date will occur
As an investor, you’ll need to be comfortable negotiating and executing contracts whenever you take on a new venture. As a first-time buyer negotiating your own real estate contract, it’s essential to understand the various aspects of a real estate transaction to make informed decisions.
Requirements of Valid Real Estate Agreements
In order for a real estate contract to be legally binding, both the buyer and the seller must agree and complete the required paperwork. Both parties should then sign the documents to seal the deal. Otherwise, the contract would be considered invalid.
Any real estate contract must meet certain requirements to be enforceable. Although they may vary, contracts typically include the following:
Types of Contracts in Real Estate
How Can an Attorney Help With Real Estate Contracts?
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