Keller Williams Realty Atlanta – Peachtree Road Legal Tip:
Make Sure You Have an Enforceable Contract!
1. Legal description – fill in all blanks, include legal description from deed, provide tax parcel number, attach survey if available.
2. Seller signatures – need all current owners of the property to sign.
3. Buyer signatures – need all prospective buyers/borrowers to sign.
4. Closing date – be reasonable – don’t create unrealistic expectations.
5. Acceptance date and time – fill in.
6. Changes – have all parties initial and date.
7. Any exhibits, including seller’s disclosure – be sure to attach if referred to as attached.
8. Earnest money – must be delivered and deposited.
9. Clarify all deadlines by either “calendar days” or “business days”
10. Be specific in all special stipulations, especially with items to remain or repairs to be done, including the remedies if not done
Presented by Leigh Clack, Attorney
Neel & Robinson, Attorneys at Law LLC
lenox@neelandrobinson.com
404-705-3690 fax 404-705-3697
22 Lenox Pointe, Atlanta, GA 30324
More Legal Tips From Keller Williams Realty Atlanta:
Due Diligence When Buying a Condo, Townhome or In a Planned Community
Try To Avoid Credits & Allowances!
Special Issues with Buying/Selling Condominiums
First-Time Home Buyer’s Tax Credit – Don’t Wait Till The Last Minute!
Buying Property From The Bank: Tips For Buyers
Waiting Periods Required Under New Truth in Lending Law
Termite Letters – Still a Good Idea
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