Boca Raton Real Estate Contract Lawyer
Almost all real estate transactions begin with the signing of the real estate contract. This contract is the most important document in the entire transaction, as it sets forth the rights and obligations of both buyer and seller. It also sets forth the terms and conditions of the transaction, which, though many may seem obvious, is essential to get in writing. Some such terms include the names of the buyer and seller, purchase price, type of deed the seller must provide, issues with the property, and more. The contract also sets forth the buyer’s rights, such as the right to perform an inspection, the right to a quality title, and the right to move into the property after a specific date.
To ensure that the transaction goes exactly as you anticipated it to, work with a Boca Raton real estate contract lawyer who is familiar with Florida real estate law and who can draft a binding contract that includes the necessary and desirable terms and conditions. The team at Nowack & Olson, PLLC, can also review the contract to ensure that both parties’ rights are protected, and to advise each party of its respective duties and obligations. The ultimate goal is to ensure that, once the contract is finalized, neither party has any regrets because of terms or conditions that they did not fully understand.
Nowack & Olson, PLLC, Has Over 40 Years of Combined Experience in Real Estate Law
Florida law mandates that all real estate contracts meet certain requirements. Some are obvious, such as all real estate contracts must be in writing, while others are less obvious, such as ensuring that both parties even have the legal capacity to sign the documents. Our lawyers can ensure that your real estate contract meets all the necessary requirements to make it legally valid and binding. Some such requirements include:
- It must be in writing and signed by both parties prior to closing;
- It must be formed through a process of negotiation comprised of an exchange of written offers, counter-offers, rejection, and acceptance;
- It must identify the parties of the transaction;
- It must contain a thorough description of the property being sold;
- It must contain all the requirements and contingencies that both parties wish to recognize; and
- “Consideration” must be included, which refers to the benefit or interest that was provided by the buyer to the seller that prompted the seller to agree to sell the land.
Of course, every real estate transaction is different, and some require more complex and custom contracts. An experienced Boca Raton real estate contract lawyer can draft a custom contract based on your needs and wishes, as well as the considerations of the other party.
Contact Our Boca Raton Real Estate Law Firm Today
Whether you are buying or selling a piece of real estate, it is essential that you thoroughly understand the terms of your real estate contract and, more importantly, that your real estate contract is legally binding. At Nowack & Olson, PLLC, we can help you draft a sound real estate contract and close on the property without issue. For the legal guidance you need during this delicate process, contact our law firm today and schedule your free consultation.