Southern Pines Real Estate Lawyer Reviewing Purchase and Sale Agreements for North Carolina Real Property Transactions
Any time real estate changes hands, things can get complicated. Whether you are buying or selling the real estate, you will still need to involve a real estate purchase or sales agreement. Before you sign or agree to a purchase amount or terms, it is best to have the document reviewed by an experienced attorney. The Lorenz & Creed Law Firm can help.
What Is a Real Estate Purchase or Sale Agreement?
It is a document created by a seller or buyer and signed by the other party. The agreement will set the terms of the purchase or sale. It may cover price, payments, what can be built on the land, how the land can be used, and more. If you sign this contract or agreement, you will be legally obligated to follow the terms in the agreement. While many real estate purchase and sale agreements are easy to understand, others can be complicated. If you don’t understand an agreement or are not sure if you can follow the terms set in the contract, you need to have an attorney review it before you sign it.
How Can An Attorney Help?
Your attorney will look over the document and explain its meaning. If there is anything about the document that you don’t understand, you attorney will clear it up for you. The attorney will also make sure the agreement covers all of the necessary aspects of the sale or purchase of the real estate. If something is missing or unclear, your attorney can revise the agreement to make it accurate. If you need your attorney to write up a draft of the agreement, that can be done also. You should never present or sign any agreement that you are not sure about or confident in, your attorney can help.
The sale or purchase of real estate is a big deal and both the seller and buyer should take every measure to make sure that they are protected in their purchase or sale. If you need to set the terms for a real estate purchase or sale, let an experienced and knowledgeable attorney at the Lorenz & Creed Law Firm in Moore County, Southern Pines, North Carolina help you. Call 910-695-8688.
