Contract for the Sale of Real Estate

The Sales Contract is the central legal document through which Buyer and Seller ("the Parties") agree upon the terms and conditions of the property sale. Because real estate sales are relatively complex and important transactions, state law normally requires a written, signed contract for such transactions to be enforceable. This legal requirement is rooted in practical reality: with so many details involved in the typical home sale, the Parties could easily become confused and fall into disagreement over their various rights and responsibilities related to the sale.

The Sales Contract provides an organized framework within which the Parties can proceed with the sale process from beginning to end without unnecessary disputes, omissions or misunderstandings.

Seller's Disclosure/Disclaimer
A "Seller's Disclosure of Property Condition" statement, or similarly named document, is not required in some states. A disclaimer is normally used to present known defects or defaults of the property. In order to make a home sale less likely to end in an unfavorable lawsuit, a Seller should be honest and thorough in all disclosures made in the Disclaimer document.