ould you sign your name contract without reading it. Did
to a multi-million-dollar you know that you have agreed to
contract for the company jump off the end of a naval ship
for which you work without an into the ocean amidst a ring of
attorney first looking it over? fire?” The guy laughed and said
Probably not, because it is your the contract did not say that.
fiduciary responsibility to The senior chief, who was
ensure there is no adverse supervising us and in the room,
language in the contract. Yet, we said the contract did say that.
do it for ourselves all the time. While everyone else went green in
color and looking ready to throw
Years ago when I enlisted into up, I finished reading the
the U.S. Navy, several of us were contract. You could say that
in the same room to sign our jumping into a ring of fire in
enlistment contracts with the the ocean from a very big naval
government of the United States. vessel might be construed as
Afterwards, we would together go “adverse language” in a contract.
on to the next phase of the
enlistment process. Everyone had
signed their contracts without Signing purchase agreements for
reading it and they were real estate is no different; yet,
grumbling, because I would not many people sign them every day
sign my contract until I had read without reading them, much less
every word. The contract was many having an attorney review them.
pages in length and lots of small
print. After one guy was a bit The average home will cost you a
too aggressive in his complaints long-term commitment upwards of
of me making them wait, I quietly $135,000 — much more in the San
looked him straight in the eyes Diego area. You are going into
and said, “You signed your debt for a large amount of money
over a long period of time. It is prepare all needed real estate
important to have a real estate documentation, including warranty
attorney review such a contract, deeds, title opinions, and
as it is for creating any other documents to clear any title
contract. defects.
A real estate attorney will tell There are times when having a
you if the purchase is advisable, real estate attorney review a
if it should be modified to contract could cost you the deal
protect you if the transaction — you could be up against another
goes bad, if it is legally buyer, who wants the same
binding as written, and whether property and the seller will not
there is any adverse language in wait for the review, which the
it. You should be protected other buyer is not requiring. In
against any contingencies and such a case, only sign the
possible outcomes. purchase agreement after adding
the clause: “Subject to review
The services of a real estate and approval by attorney of
attorney may cost $200 or more to buyer’s choosing.”
review the contract. Though many
realtors assist in this capacity, Remember, once the contract is
a real estate attorney is more signed without a contingency
knowledgeable and experienced, clause, it is too late for
ensuring you get the best advice. redress. At that point, a real
That same real estate attorney estate attorney can only advise
can represent you in court, where you on what you have done and
the realtor can only shrug little else. The time to hire the
his/her shoulders and, maybe, real estate attorney is before
offer an apology. Additionally, you sign on the dotted line, not
the real estate attorney can afterward.
About the Author:
John Harris is an expert researcher and writer on real estate topics such as economics, credit improvement tips, home selling advice and home buying preparations. For more information please visit San Diego Homes for Sale
Read more articles by:
J Harris
Article Source: www.iSnare.com 
