Florida Real Estate Law Firm Concentrates on Purchase Agreements

North Central Florida Real Estate Attorneys Focus on Protecting Clients’ Interests

People who make an offer to buy real estate should be certain that the written contract offer includes an attorney review period. Each real estate sale is unique, making the inclusion of contingencies in a standard contract extremely important, and the inclusion of an attorney review period is often the most critical contingency of all.

The review period is the time that the attorneys for each party view the contract and make suggestions for changes that will protect their respective clients. Once the offer is accepted and the contract is signed, the parties are liable to fulfill their obligations, regardless of whether they’ve had an attorney review it – not usually an enviable position to be in.

The Real Estate Purchase Agreement

The purpose of a real estate purchase agreement is to clearly express the economic agreements between the buyer and the seller. It must be in writing, be signed by both the buyer and the seller, must include a written offer and a written acceptance, and include some essential elements:

• A clear description of the property being sold
• The sale and purchase price
• Proper execution by the owner(s) and buyer(s)
• Any essential contingencies, such as buyer financing, inspections or homeowner association requirements

The buying and selling of real estate are major financial transactions that usually include an emotional component as well. The attorney review period allows a dispassionate professional the opportunity to provide advice and protect your interests.

Are you looking for an experienced real estate law firm in north central Florida to review your purchase agreement? Dean & Dean, LLP represents clients throughout Marion, Sumter, Citrus, and Lake counties on various real estate matters, and will provide a thorough, detail-oriented review of your purchase agreement. Contact us online or call (352) 368-2800 to schedule your initial consultation with one of our attorneys today.