Purchase-Sales And Leases
Whether you are a Seller or Purchaser, Landlord or Tenant, chances are you have been given an Agreement to sign. I am here to remind you that the Agreement is a contract that is enforceable in Court. Yes, we all know that. And yet, how many of us will skip to the last page and happily sign that contract with no knowledge of the actual commitment within that Agreement. Every day, I get at least one desperate call asking me to help them get out of a contract they can no longer perform. And seven times out of ten, the callers say that they would never have signed the contract if they knew what they were signing.
Most Real Estate Contracts have a “Time is of the Essence” clause. In layman’s terms, this means parties are required to adhere to the timeline provided in the Agreement strictly. Failure to do so is considered a default. And default could void many terms of the contract that were put into place to protect you.
When I say adhere to the deadline, I mean to the dot. Here is an example I have seen happen too often:
Option money that reaches the Title Company at 6:00 pm instead of 5:00 pm (if required by the contract) just voided the option period. This means you are now bound to the contract and no longer have the option to back out because you paid that option money an hour too late!
I do not just review contracts before you sign them; I can be your trusted advisor whether you want to lease, buy, or sell a property. I am with you every step of the way, so you do not blow past a deadline or agree to something you cannot execute.
Call me or text me at 972-814-8620!