Jacksonville Real Estate Contracts
By the time you walk into your real estate closing in Jacksonville, you have already been through a complex process, regardless of whether you are on the buyer or seller side of the table. One of the most important aspects of the process was negotiation of the real estate contract that governs most details of the actual closing./p>
This is why it is critical to involve an experienced Jacksonville real estate law firm early in the process. Since the contract defines most of what happens at the closing, it should have been carefully reviewed and revised by lawyers experienced with Jacksonville real estate law prior to the time you and your attorney walk through the door.
Before the closing
The attorney for the buyer helps prepare for closing by making sure the property has been inspected, appraised, and that homeowner insurance has been purchased. The attorney for the seller typically orders the title insurance and survey. Any issues that have arisen as a result of the home inspection should have been resolved.
During the closing
Although most Jacksonville real estate closings involve signing mountains of paperwork as governed by the real estate contract, the real estate attorney still plays an important role in protecting the client’s interests. Some examples of the role of the attorney during the closing are as follows:
- Reviewing all paperwork before you sign: A qualified attorney can identify unnecessary taxes or expenses or title issues that would not be in your best interests.
- Identifying last minute issues: Attorneys protect their clients by finding any issues that might prematurely end the closing, for example, if the sellers borrowed money against their property between the time the contract was signed and the closing.
- Negotiating final property possession terms: The most common issue pertains to when the seller cannot vacate the property on the closing date. In this case, the property still changes hands, but the seller rents from the buyer, as negotiated by the attorneys.
Whether you are buying or selling, C. Guy Bond attorneys have your back
Whether you are selling or buying a home in Northeast Florida, a Jacksonville residential real estate lawyer at the Law Offices of C. Guy Bond, P.A. will guide you to the most cost-effective way to complete your transaction. With more than 30 years of legal experience in Florida real estate matters, our law firm is the top choice for homeowners and home seekers east of I-95. Call our office at 904-647-4644 or contact us online today.
