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Residential Real Estate

Generic & 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.

The 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 property.

Why Hire A Real Estate Attorney.
(A few hundred dollars today could save you thousands later!)

Why? Once 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.

 

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(617) 567-0797

 

Disclaimer: This website is considered advertising material. This website is intended for informational purposes only. Nothing contained on this website should be construed as legal advice, nor does viewing this website, or posting information through a web form establish an attorney/client relationship.

The following language is required pursuant to Rule 7.2, Alabama Rules of Professional Conduct.
No representation is made that the quality of legal services to be performed is greater than the quality of legal services performed by other lawyers.  This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.

Copyright Generic & Associates, P.C., 2005.