It aims to protect both the buyer and seller by carefully examining the contract.
Real estate agents
draft the contract, which is then signed by both parties and sent to their respective attorneys.
Lawyers review the contract, suggest changes, and play a vital role in preventing disadvantageous deals.
The process involves analyzing additional documents and addressing liens, mortgages, ownership issues, and potential lawsuits.
Contingencies, such as financial, real estate, appraisal, inspection, and home sale conditions, can be included in the contract.
Seeking guidance from a real estate attorney is essential to navigate this process effectively.