Understanding Your Real Estate Contract

By: Beth Ferester & Company | Published 08/09/2019

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The first time you read through a real estate contract, it can feel a bit like you’re trying to read a foreign language – which is why it is so important that you choose a Realtor who will explain everything carefully. There are critical timelines and statements that cannot be overlooked if the contract is to progress, and sometimes you may even require the interpretation of additional experts, like lawyers, if the buyer or seller wishes to make changes. In fact, our state contracts advise all buyers and sellers to seek legal advice if they need explanations on areas of the law. Realtors are not attorneys and cannot act as such, but they do need to understand and be able to point out all of the critical elements and timelines. Some of the most important steps in the timeline are:

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