A real estate contract is a legally binding document usually between two parties when buying, selling or exchanging property. Here are some tips for understanding real estate contracts 📃🖊️

Real estate contracts should always be prepared by a qualified solicitor or a licensed conveyancer and in turn reviewed by a solicitor or conveyancer representing the buyer or purchaser’s party. This ensures that both sides are protected. All the important information such as the title particulars, terms and conditions of the sale, plus any fixtures and fittings that are part of the transaction should be included in the contract. It should also identify all parties including corporations. 🏠

Read this article for more tips on understanding real estate contracts.