Best Advocacy & Civil Legal Representation Services in Thousand Oaks, CA

A real estate transaction requires a lot of paperwork. However, the three most important documents, in terms of the sale, are the initial offer, purchase agreement, and the property deed. The initial offer details the price and terms that the buyer desires. The seller can review the offer and draft a counteroffer, and the two parties can continue amending the document until they reach an agreement or give up on the negotiation. Once the two sides agree on the details of the sale, they draft a purchase agreement, usually with the help of a legal representative. This document is legally binding once signed, and it includes a contract that spells out the property price, contingencies, date of closing, and terms of the sale. The two parties are obligated to carry out the transaction as long as all the terms are met. The purchase agreement is legal once it’s signed by both buyer and seller. The property does not officially transfer to the new owner until they accept the deed. The deed contains language that legally transfers the property to the buyer and should include a description of the property. The seller or sellers must sign the deed and deliver it to the buyer. Other documents such as financial and property records and inspection reports are also necessary for a real estate transaction. You can hire a real estate lawyer to help ensure vital documents like the purchase agreement and deed have all the necessary information and that your rights are fully protected.