If there is something about your real estate transaction that does not seem right, talk to an attorney.

The contracts that we use in Florida to sell real estate are legally binding documents. They were created to address the issues, concerns and requirements buyers and sellers should be aware of when buying or selling a home. As a result of repetition, practice and training, real estate agents should have a very good understanding of what is written in the contracts and can direct a buyer or seller to a specific addendum, clause or paragraph that might address their concerns or questions.

A buyer or seller should never rely on anyone other than an attorney for legal advice however. If you are not comfortable with or fully understand what you are agreeing to we strongly encourage you to talk to an attorney before proceeding. You should think twice before letting someone other than an attorney create special clauses or wording that are to be added to your contract.

I am quick to let buyers and sellers know that if there is something about your real estate transaction that does not seem right, talk to an attorney.

Once under contract can a seller decide not to sell their home?

I received a visitor to my blog who arrived here by typing the following question into Google looking for an answer.


"Once under contract can a seller decide not to sell their home?"

From an executed contract point of view a seller cannot simply decide not to sell. As long as all terms of the contract, attached addendum's and clauses have or are being met the seller is under contractual obligation to complete the sale. You should always seek legal advice if you have questions regarding your real estate transaction.


Related Florida real estate views:

What is the effective date of a contract?

If you do not understand ask an expert or specialist prior to buying or selling a home

Property disclosure protects buyer and seller

Making verbal offer and counter offers when buying a home.

An area Broker send me a letter regarding an offer their office wrote on a listing of ours.

Long story short, during the transaction verbal offers and verbal counters were made and discussed. While this was going on a written offer came in and the seller decided to accept it without countering.

In the letter this Broker sent to me, the Broker expressed their disappoinment and wanted me to know that a verbal offer/verbal counter are legally binding.

In a word, No. I would hate to imagine the problems that would cause were it true.

Be sure when buying or selling a home, you have your agent put everything of importance in writing, even if your broker or agent tells you different.


Related Florida real estate views:

Make sure you review an estimated proceeds document before signing an offer to buy your home

Do I still have to pay a commission if I list my home but then decide not to sell?

Success school: Contracts and Addendums


- Greg Staker Watson Realty Corp. 407-304-0255