You’ve finally found the home or land that you’ve been searching for – it’s the right price, it meets the needs of you and your family and you’re ready to buy. When purchasing a home or a piece of land, once you reach the buy/sell agreement, you’re nearly finished! Congratulations, you are well on your way to being the proud new owner of your property.

However, a buy/sell contract is something that requires careful consideration and should be looked over by an experienced real estate attorney before you sign on the dotted line. A buy/sell contract can cover:

• The commission of the real estate agent 
• What property is included in the sale
• The estimated closing date
• The finance amount
• Closing cost adjustments
• The amount of deposit made by the buyer and where it is held
• Inspections that the buyer wishes to make, such as termite inspections and other home or property inspections
• Other special contingencies

It is in your best interest to have an attorney overlook your buy/sell contract to ensure that what you’re agreeing to is ultimately in your favor. Once you sign the buy/sell contract, the sale is formalized and everything is set into motion. It’s not a contract that you will want to sign haphazardly without reading the fine print!

With Grogan & Souto, P.C., you can be confident that the interests of you and your family are being protected. Call us for a consultation to review your buy/sell contract today. (845) 294-6155.