CLERMONT REAL ESTATE ATTORNEY:

CONTRACTS

 

A contract is a necessity for all real estate purchases, whether residential or commercial.  The contract will break down the terms of the purchase, much of which can be confusing for buyers and sellers.  Working with a Florida real estate attorney is essential to ensuring that each aspect of a legally binding sale contract is in your favor.

 

CLOSING COSTS

A real estate contract addresses many issues, including who pays the closing costs.  There are a variety of fees associated with the closing, and either the property buyer or seller will be responsible for all or a portion of the fees.  Escrow fees, notary and recording fees, title fees, taxes and other costs need to be named in the contract along with who will be responsible for each fee.  Your attorney can assist you in negotiating a contract that states the other party will pay closing costs, or they may be able to negotiate a reduction in the overall sale cost if you will be responsible for these fees.

 

CLOSING DATE

The closing date is a critical aspect of the real estate contract and needs to allow you adequate time to make an offer on a new home if you are dependent upon the funds from the sale to do so, or to allow both the buyer and seller adequate time to transition into new living situations.  A reasonable time frame must be established, typically between 30 and 60 days.  In some cases, a closing date may be set as soon as a few weeks or longer than 90 days provided that both parties agree on the time frame.

 

If you are in need of a real estate contract or additional real estate legal services in Lake, Orange, Sumter, Osceola, or Polk county, contact an experienced real estate attorney at the Law Offices of Justin Rickman in Clermont, Florida.

 

 

Real Estate Practice Areas

Contracts

Closings

Lease Agreements

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