3 Important tips when buying Real Estate in today’s market
REAL ESTATE SALE AND PURCHASE CONTRACTS
A real estate transaction involves a written and signed agreement to make it official. When making these contracts, it is important that they are made for each transaction, setting out the terms of the agreement. In these agreements, both parties must sign and agree to the agreement.
In South Florida as well as in the rest of the United States, real estate contracts are drafted according to the common law of contracts. A real estate attorney can help you draft, review, and/or negotiate these contracts and validate them to protect your interests.
DON’T WAIVE YOUR RIGHT TO INSPECT
As a buyer you have the option to inspect the home and be made aware of the condition it is in. Waiving your right to inspect can cost you more money in the future. It’s better to know upfront before closing if the home requires repairs due to damages you don’t see with your naked eye. An inspector can also assist you with inspections for insurance purposes such as wind-mitigation and 4-Point inspection. These reports can save you money on your insurance premium.
REQUEST SELLER DISCLOSURE
This request is important as it obliges sellers or landlords to disclose important information about the property, information that serves for the purchase or rental, the condition of the property, foundation laws. This is to know if the property is habitable, missing details or is not profitable.
With a Real Estate Attorney or Realtor this disclosure will be a very easy step to understand and to carry out. In KEW Legal® we can assit you with your Real Estate Matters.