When real estate agents are involved in the process of selling a home, there are certain procedures to expect. Attorneys for interested buyers are given a three-day period of time to look over the contract and point out any issues. With an attorney’s help, you can be better prepared to handle this encounter. You will have the legal guidance to make sure that the document is reasonable.
During these three days, your attorney can suggest changes to the contract. Both parties are able to negotiate on parts of the contract in order to reach a better outcome that satisfies both parties. After the three days have concluded, the parties can sign a final document to agree on the revisions being made to the original document regarding the real estate transaction. Either party is allowed to decline signing the contract before signing the final addendum. Once the final addendum is signed, the contract is legally binding.
After that, can I make any more suggestions?
After the three days to negotiate and review the document, the parties can sign the document or decline the deal. Once the contract is signed, the process is not yet done though. Before moving into your new home, you should make sure that you have the entire home inspected so that it meets the expected standards. If you do find issues when it is inspected, you are allowed to ask the seller to resolve the issues. An attorney can be helpful to facilitate these requests and make sure everything is done properly.
Real estate transactions require a large sum of money to be completed. Since homes are such a big investment, you are going to want to ensure that everything is up to par. With an attorney’s help throughout the process, you can be sure that you are catching minor details that you may have overlooked. Buying or selling a home can be a stressful time due to the craziness that comes with moving. Your dream home is closer than you think, but make sure that you are not being taken advantage of. Our professional real estate attorneys can look out for your best interests to ensure a successful transaction.
Ross and Calandrillo, LLC is a full-service divorce, family, and real estate law firm located in Mountainside, New Jersey. For strong legal representation in all of your divorce or family law matters, contact Ross and Calandrillo, LLC to schedule a free consultation.