The purchase of a home is a huge financial and emotional investment for you and your family. It can change lives. But despite knowing how important the purchase is, many buyers, sellers and landlords overlook what’s included in the contracts they sign. Too often we’ve seen people neglect or misunderstand crucial contract details and end up suffering the consequences. An experienced Residential Real Estate Contract Attorney can provide you with the legal knowledge that protects you from potential traps of real estate contracts, while also negotiating and drafting you a deal that is in your best interests.
Experienced Residential Real Estate Contract Attorneys
A Division of Battaglia, Ross, Dicus & McQuaid, P.A.
Howard P. Ross and Andrew R. Pardun have over 50 years worth of successful experience working as Residential Real Estate Attorneys in St Petersburg. As reputable litigators, their expertise in the field can help you draft and negotiate a Real Estate contract, so that you can buy your dream home smoothly.
Ross and Pardun are attorneys at Battaglia, Ross, Dicus & McQuaid, P.A. which for over 60 years has been providing outstanding legal assistance to St. Petersburg. Battaglia Ross Dicus & McQuaid, P.A. is ranked by US News and World Reports as a Tier 1 Law Firm.
Contact Us for Residential Real Estate Contract Assistance
If you are considering purchasing or selling Residential Real Estate in Florida, then contact us today for a free initial consultation so we can discuss your situation and help secure a deal that benefits you best.
What is a Real Estate Contract?
Real Estate contracts are legally binding agreements between buyers and sellers. They are commonly called ‘Purchase and Sale Agreements.’ The contract is made to define the terms and conditions of a transaction between two parties.
Drafting a Contract, or Lease
It’s important you remember that contracts are never “standard,” despite what you’re told. They all vary and have different permutations. Your contract needs to fit your needs and circumstances. The best way to ensure you get an agreement that benefits you is by hiring an experienced Residential Real Estate Contract Attorney in St Petersburg.
A contract creation process includes:
- Writing – A well written and sound contract will be drafted, that protects your rights and benefits your interests.
- Identification of the Parties – The contract will tie all the parties to the contract.
- Identification of the Real Estate – The contract will identify the property, including the legal description (made by an independent surveyor) and the address.
- Purchase Price – The contract will state the purchase price of the property.
- Closing Date – A date for when the title will be transferred and money will be exchanged.
- Signatures – Every contract must be signed by all the involved parties for it to be enforceable.
Essential Areas of Residential Real Estate Contracts to Consider
‘As Is’ Contracts
An ‘As Is‘ contract agreement removes the seller’s obligation to make any repairs or replacements for items that are not working, or for any existing damages on the property. Usually, the buyer will make an inspection and gain a full understanding of the current condition before purchase.
The seller must provide a title that is free of any objectionable liens or title defects.
Homeowners’ Association and Condominium Association Documents
If necessary, the seller should provide a copy of the Homeowners’ or Condominium Association documents to the buyer, as well as clear information or any annual or monthly fees.
Closing costs are the fees paid at the end of the transaction. There are various fees such as recording and appraisal fees. It is helpful to remember that although you may be told there is a “standard” closing cost, there is still a chance that you can negotiate a lower price with the help of a contract lawyer.
Negotiating a Residential Contract, or Lease
Don’t panic if your transaction has hit a disagreement. You can still negotiate without litigation. The best thing to do is contact a Real Estate contract attorney, so they can analyze your options and enter negotiations on your behalf.
They’ll preserve relationships while making a solution and seek to bring you the best outcome. Once an agreement is found, your lawyer will be able to draft the new details and prepare the documents for signature.
Hire a Residential Real Estate Contract Attorney in St Petersburg, Florida
If you’re purchasing or selling Residential Real Estate in St Petersburg, then contact lawyers Ross and Purdun at Battaglia, Ross, Dicus & McQuaid, P.A. Their extensive experience can help you through the tricky contract phase so you can make that life-changing transaction you’ve dreamt of.