A Fort Lauderdale real estate attorney can negotiate the terms of a real estate contract for you to ensure that it protects your interests. During negotiations, it is important to have an experienced Fort Lauderdale real estate attorney on board who will include all of the specific provisions that you need to protect your investment or sale.
If you don’t get the terms that you want, but still sign your contract, it may be too late to adequately protect your interests. That is why having a Fort Lauderdale real estate attorney is so critical during negotiations and at the point of closing. There are key elements to a real estate contract that a Fort Lauderdale real estate attorney can include to protect the buyer or seller such AS IS inspections clause to protect the buyer or the seller.
A mortgage clause can protect the buyer from contractual liability if he or she is unable to get financing for the purchase.
An inspections clause drafted by a Fort Lauderdale real estate attorney can allow a buyer to cancel a real estate contract after purchasing a property that is found to be unacceptable to the buyer. Sellers can also input a limit on the amount of time that inspections can take place and include other protections in the contract as well.
There are many other clauses that may need to be included in a contract to protect a buyer or seller depending on the type of transaction. An experienced Fort Lauderdale real estate attorney should never let a client sign an unfavorable contract, and hiring a Fort Lauderdale real estate attorney for negotiations will ensure that your contract has all of the clauses needed to protect your interests.
It’s particularly important to hire a Fort Lauderdale real estate attorney for those who are selling their property in a For Sale by Owner situation (FSBO). Normally an experienced real estate agent or attorney would be involved in negotiating the real estate purchase contract, but in a For Sale by Owner situation a Fort Lauderdale real estate attorney should almost always be hired to draft the terms of contract, as the vast majority of sellers would have minimal contract experience.
Your real estate purchase or sale might be one of the most important decisions of your life, and as a result you should do everything in your power to ensure that the terms of your real estate contract are as fair to you as they possibly can be.
If you are in a situation where you need to negotiate or renegotiate your real estate contract’s terms, contact a skilled Fort Lauderdale real estate attorney at Schecter Law for a consultation today.