Real estate contracts can be intimidating and confusing for individuals with little or no experience in real estate transactions. Far too often, individuals sign contracts or make modifications they do not fully understand. It’s a dangerous game. In the state of Florida, there is only one lease agreement that is fully endorsed by the state’s Supreme Court. For residential purchases, the sales contracts used by members of the Realtor Association have been carefully developed and modified to protect buyers as well as sellers. A poorly written contract or lease agreement can have dangerous long-term implications if every detail from title evidence requirements to deposit holdings isn’t carefully spelled out. Unless you are an attorney or have been properly trained in real estate contract management, it is ill-advised to take matters into your own hands and draft (or modify) contracts without the guidance of a professional. Talk to your attorney or real estate professional before entering into a contract to ensure every item is clear and your interests are being protected.
Contact neXXt Realty at 786-251-3756. Serving all of Dade & Broward County.