Some of our South Florida readers may believe that pouring over contracts in search of unfavorable terms is something that only takes place between businesses in corporate boardrooms. Sometimes, that is correct, but the reality is that even those individuals and families who are engaging in a residential real estate sale need to be aware of what a real estate contract says and how those terms could come into play in a real estate dispute.
It all goes back to the old adage of “know what you are signing.” Most people know that any real estate transaction will likely include quite a bit of documentation to review, and it isn’t always easy to understand what you are reading. If South Florida buyers or sellers end up signing a contract that puts them at a disadvantage, they may not find out until the contract is pulled out in the course of litigation.
And then there is the excitement over the prospect of moving into a new home. A buyer’s emotions may cloud the fact that a real estate purchase is a serious transaction – one of the most serious that any person might enter into. The potential for a contract dispute would certainly put a damper on the excitement involved when you are closing the deal on your new “dream home.”
At our law firm, we understand that our clients may not be as interested in pouring over the contents of a real estate contract as we are, but that is, after all, what we are for. At our law firm we work with our clients to make sure that they understand the terms that may pop up in certain circumstances, and we work to ensure that the documents and contracts that our clients sign are correct and don’t leave them at an unfair, avoidable disadvantage. For more information about our approach to drafting and reviewing real estate contracts, please visit our website.