We represent sellers or buyers in real estate transactions.
The purchase of a home is perhaps one of the most important financial and legal decisions you will make in your lifetime. Whether you are purchasing property with the assistance of a real estate agent, or working directly with the seller, you should consider having your documents reviewed by an attorney. A real estate attorney can prepare and revise purchase and sale agreements and explain the important terms in these documents, and provide advice regarding your responsibilities as a purchaser.
Real estate law in Washington is a product of court decisions and statutes, so it is an area of law that is subject to frequent change. It is important to be aware of the current law applicable to real estate transactions. For example, purchasers need to be aware of their responsibilities during the transaction, the contingencies surrounding the purchase; the inspection period and property condition issues, disclosure requirements of the seller, financing requirements and timelines that are specifically addressed in the purchase agreement.
Purchasers need to understand the rights and obligations conveyed by the purchase agreement. They should understand under what circumstances they can be in breach of the agreement, and whether or not their earnest money may be at risk. As a purchaser, you may also wish to have an attorney explain the purchase process, the importance of escrow and review your closing documents. What may appear simple might have deeper consequences.
In Washington State, real estate agreements must be in writing and verbal agreements to convey real estate are usually not enforceable. Written agreements for the purchase or sale of real estate are legally binding and can be enforced. Never sign any documents you do not understand.