Real estate contracts

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Updated: 4/13/2007 3:36 pm
The contract is the most important part of a real estate transaction so it’s critical that you pay particular attention to all of its clauses before signing it. Most lawsuits that are filed in real estate cases could be prevented with well-written contracts. Lawsuits brought by buyers usually deal with non-disclosure issues. To avoid the costs and frustration of litigation, many buyers in today’s market desire to have arbitration clauses inserted into contracts. Sellers usually prefer to leave arbitration clauses out of contracts. The rationale behind this is that lawsuits are expensive, so the seller assumes that a buyer wouldn’t risk the cost of a lawsuit. Arbitration on the other hand, is considerably less expensive, so it would be worth the buyers time and money to pursue that as a dispute resolution process. Contracts are a complex but necessary component of a real estate transaction that you’ll want to have done by a real estate lawyer.

Featured Segments/Shows

All content © Copyright 2015 Intermountain West Communications, LLC. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.
You may also view our Sitemap

Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.