& Associates, P.C. is an Alabama Boston law firm
that concentrates a majority of its practice
to the practice of real estate law. If you
are taking advantage of today's hot Real
Estate market and purchasing or selling
a home, you are going to need to hire a
real estate attorney. Take a few moments
and review this web page, then contact
us to see how we can help.
Real Estate Transaction.
Once a homeowner decides to sell his or
her home, they generally list their home
with a real estate broker. Once the property
is listed a potential buyer will make a
formal offer that is secured by a deposit.
If the property owner accepts the offer,
a formal acceptance is signed that creates
a binding contract to sell. The buyer and
seller then begin to negotiate a purchase
and sale agreement, (or "P&S"). A P&S
is a legally binding contract commits both
the buyer and seller to the transaction
and explains what both parties rights and
obligations are regarding the sale of the
A Real Estate Attorney.
(A few hundred dollars today could save
you thousands later!)
the P&S is signed, both parties are
legally bound by the terms of that document.
While you might think that the P&S is
clear on its face, it may contain provisions
that are unenforceable or create more liability
than you expected. Having an attorney review
the P&S is a good idea since it trying
to litigate your rights under the P&S
could take years and cost you thousands
of dollars. At Generic & Associates,
P.C. we work for you and promise to look
out for your best interest. Whether you
are buying or selling a condominium, house,
or land, we offer affordable flat rates
and services that are tailored to meet your
needs. Moreover, we offer a free consultation
and you pay nothing until closing. So contact
us today for more information.
Why Can't My Realtor
Review the P&S?
Your Realtor specializes in helping you
buy or sell your home, they are not qualified
nor are they permitted to offer you legal
advice. However, the main reason you should
not rely on your Realtor to review or draft
your P&S is that your Realtor is an
interested party in the sale of a piece
of real estate. This means that a Realtor
only gets paid if there is a sale, so it
is in their interest to ensure a sale, even
if the terms of the sale are not in your
best interest. Hiring an attorney guarantees
that you get an expert, unbiased, explanation
and opinion of the contract. Moreover, your
real estate attorney will work to negotiate
fair and reasonable terms on the P&S and
will represent you in the closing.
For Sale By Owner!
More and more people are choosing to sell
their home without the assistance of a real
estate broker. While this approach could
save you thousands of dollars in real estate
commissions, it also opens you up to many
new liabilities. If you decide to sell your
property on your own, you should consult
an attorney before you ever consider accepting
an offer. At Generic & Associates,
P.C., we have experience helping individuals
sell their homes without realtors. We will
provide you with offer and acceptance letters,
act as your escrow agent and ensure that
your sale goes smoothly. Contact us today
to discuss our low rates and fid out how
we can help you.