Real Estate Purchase Agreement Lawyers

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What’s a Real Estate Purchase Agreement?

A real estate purchase agreement is basically a contract for the purchase or sale of a residence.  It governs the terms of the sale, and dictates the various duties, rights, and responsibilities of each party to the transaction. 

Each state may have slightly different laws when it comes to real estate purchase agreements.  However, in most cases, the purchase agreement should describe the property in a way that involves measurements and boundaries, and not landmarks which might be subject to changes over time. 

A purchase agreement may involve several parties such as the buyer(s), the seller(s), loan agents, and zoning officials.

What Types of Terms Should I be Aware of in a Real Estate Purchase Agreement?

If you’ll be entering into a real estate purchase agreement, you should be aware of some basic terms that are included in most real estate purchase agreements.  These may include:

By being aware of such provisions, you can help to avoid any ambiguities, fraudulent information, or errors in the real estate purchase agreement. 

What Should I Do Before Entering Into a Real Estate Purchase Agreement?

Be sure to ask any questions that you might have for your real estate lawyer, and for the other party.  Most real estate transactions follow a “buyer beware” standard, which means that it’s up to the buyer to check for any defects or substandard elements of the home. 

You can protect yourself by taking additional measures, including:

Do I Need a Lawyer for Help With a Real Estate Purchase Agreement?

Real estate purchase agreements are important documents that can affect the overall outcome of a sale transaction for a home or residence.  You may wish to hire a real estate lawyer in your area if you need help negotiating, drafting, or reviewing a real estate agreement.  Your attorney can assist you with these important tasks, and can represent you in court if you have a legal dispute or conflict.

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Last Modified: 11-06-2012 11:27 AM PST

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