This is a sample Basic Real Estate Contract. A Real Estate Contract is a legally binding document between two or more parties participating in a purchase and sale, exchange or transfer of real estate. The form may be customized to suit your needs.
You can make changes, but both parties need to agree on any modifications, kinda like altering the terms of a deal after the handshake. It's best to document any changes in writing to avoid any hiccups later.
Without a real estate contract, you're playing with fire. You may face disputes with no clear way to resolve them, leaving either party in a tricky position without legal backing.
A real estate contract is essential because it protects both the buyer and seller. It lays everything out clearly, like a recipe, so everyone knows what’s expected and helps avoid any misunderstandings down the road.