The first in a series of whitepapers to be authored by Nochumson P.C. on real estate and business law topics, The Fine Print introduces you to why any real estate transaction is improved by a written agreement of sale.
As any good real estate lawyer will tell you, any buying or selling of property begins with an agreement of sale – just a name for a written version of this agreement between buyer and seller.
Here in Philadelphia, Pennsylvania, where our law firm, Nochumson P.C., is located, any conveyancing of real estate from one party to another actually legally requires an agreement of sale, whether you are buying a condominium unit or a warehouse.
So, why do many states make Agreements of Sale the law?
The main reason is that agreements of sale catalyze a meeting of the minds that is in the best interest of everyone involved in the deal, a group which may comprise many more individuals than just buyer and seller. Communication between all these individuals is key to the success of any deal. Given the sums of money involved, being unclear about the details of a real estate transaction may carry life-changing consequences.
This guide will break down what a good agreement of sale should contain. It should be useful for anyone buying or selling real estate: whether you are in Pennsylvania or elsewhere in the country.
Download our whitepaper and learn how. We will not sell or distribute your contact information.
