Negotiating a Contract
A real estate Contract is possibly the most important
document in a real estate transaction. It is the "bible" that guides the
transaction from start to finish. It is VERY important that a competent
real estate professional, such as Real Estate Attorney Ingrid
Santmaria, write the contract to ensure that key elements of the closing go
smoothly. Most people do not realize that a real estate attorney
should be involved BEFORE a contract is negotiated. A real estate
attorney has a fiduciary duty to you and, therefore, negotiates the terms
of the real estate contract to your benefit.
There are many terms
that must be negotiated in a real estate contract, the most obvious being the
purchase price of the property. However, that is not the only important
term. Closing date, due diligence periods, inspection period, as is terms,
deposit amounts, escrow agents, realtor commissions, etc., all must be detailed
in the purchase and sale contract. It is very important to have a real
estate attorney, such as Ingrid Santamaria, not only negotiate the
contract, but draft or write the contract with the terms to ensure a smooth real
estate closing.
If you have any questions regarding negotiating a
contract or need assistance with a real estate contract, please do not
hesitate to contact our office so that we may assist you.