These contracts are typically long with much fine print on both sides of the page. Since contract law can be complex, it is important to understand the full extent of the purchase obligation.
At the Law Offices of James E Holland, PC, we keep abreast of real estate law and monitor changes in both the laws and housing market. We work with our clients to ensure that their real estate dealings give adequate consideration to both buyer and seller, as required by law.
Contract Preparation
When buying or selling a home, the preparation of the real estate contract is the essential element. A well prepared contract will represent both buyer and seller equitably, and save both parties time and money. In Arizona, real estate transactions are governed by uniform standards established by laws that provide fair lending practices, full disclosure, and equal opportunities. An experienced real estate attorney can ensure that contracts meet all of these requirements.
Contract Review
If you are entering into a real estate contract, it is wise to have these contracts reviewed by an experienced real estate attorney. The certainty of contracts that account for fair lending practices, full disclosure and equal opportunities will ensure that the real estate transaction will not be delayed or derailed for non-conformity to Arizona standards.
Title Review
Clear legal title to a property is of critical importance in a real estate transaction. Knowing how to determine a clear title, what title insurance provides, and what your rights are must be clearly understood before a transaction is undertaken.
While it is possible to complete a purchase without clear title, it is essential that the legal ramifications of that decision be clearly understood. You will need an experienced real estate attorney to review the title status and advise you of any risks that may be associated with the purchase.
