An Agreement of Purchase and Sale is the most important document in any real estate transaction. It is a written contract between the buyer and seller regarding a particular property. A real estate transaction typically involves parties that have different interests and there are several aspects of this deal that may be negotiable. Therefore, prior to signing and accepting an Agreement of Purchase and Sale, a lawyer should be consulted to perform a thorough review of the document.
Why You Need a Lawyer to Review Your Agreement of Purchase and Sale
Here are a few important reasons why a real estate lawyer is needed before signing and accepting an agreement for the purchase and sale of a property:
- Lawyers can explain the contents of the Agreement and advise you on the legal implications of certain clauses and conditions that may be contained within the Agreement.
- Lawyers will inquire about the type of property that is being sold or purchased and will give you legal advice on important aspects to consider and can draft custom clauses and conditions that may be beneficial in order to better protect your interests with regards to the property in question.
- Lawyers will ensure that you have peace of mind knowing that your investment is protected and that the transaction runs smoothly.
If you are in the process of a purchasing or selling a property, contact our team of real estate lawyers at Simard & Associates. We will carefully and expertly examine the legal details of your Agreement of Purchase and Sale to ensure that the content matches your real estate needs and expectations.
For more information about Agreements of Purchase and Sale, get in touch with our team at Simard and Associates by calling 613-446-5060 or submit a form online.