Keller Williams Realty Atlanta – Peachtree Road
Real Estate Legal Tip
Presented By:
Legal Tip: Make Sure That Your Contract is Legible
Once you have successfully negotiated the big items in a contract (Price – Closing costs – Closing Date – Repairs), make sure that all portions of the contract are completely legible.
Some of the most common “hard-to-read” entries are:
1. Seller’s names – Type or print below the signatures.
2. Buyer’s names – same as above. It does help when the earnest money check or pre-approval letter is included.
3. Possession/occupancy date – make sure that this date is tied to the closing date. It is much better to say “48 hours after closing has funded” than “2 days after closing” or a selected date. Many closings get postponed or are closed in escrow waiting for funds, lender/seller/short sale final approval, or original documents.
4. Names, phone numbers, fax numbers, and emails for the real estate agents - this section really needs to be clear and correct. The closing attorney, lender, and all parties rely on this section to contact the agents.
5. Legal description - if this is not clear, the contract is voidable by either party.
Presented by Leigh Clack, Attorney
Neel & Robinson Attorneys at Law, LLC
lenox@neelandrobinson.com
22 Lenox Pointe, Atlanta, GA 30324
404-705-3690 Fax 404-705-3697
More Atlanta Real Estate Legal Tips:
Useful Tips To Verify Property Addresses
Flood Insurance Is Not Always Available
Make Sure You Know Who Owns The Property!
Quit Claim Deeds & Owner Title Insurance
Choosing A Settlement Agent When Buying A Fannie Mae Property
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