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.
If you discover issues after signing but before closing, you may be covered if you included a contingency for inspections. It’s all about crossing those t's and dotting those i's!
Yes! Watch out for vague language, and make sure everything you discussed verbally is written down. Don’t get caught in a he-said-she-said situation.
At closing, all the paperwork is finalized, ownership is transferred, and you’ll get the keys! It’s the grand finale of your real estate journey.
While you can go solo, having a real estate agent can help you navigate the tricky waters of contracts. They can provide valuable insights and ensure you don’t miss a beat.
In most cases, you can back out if you have a contingency like a failed inspection or if you can't secure financing. But it’s best to check the specific terms in your contract to avoid any surprises.