A well-drafted buyer-seller agreement is the foundation of a successful real estate transaction. Whether you are buying or selling real estate in Colorado, you must have a well-drafted contract. Our attorneys take the time to understand your objectives. We then create a sound and comprehensive agreement that accurately addresses your concerns and protects your interests. If you need help drafting Colorado real estate contracts, our attorneys can help.
Using Approved Forms
Colorado’s Division of Real Estate maintains approved real estate forms for the purchase and sale of real estate. These forms are fairly comprehensive and address many potential issues that can arise in real estate transactions. As such, they are a good starting point for homeowners and real estate professionals. If you are cost sensitive and the transaction is fairly straightforward, these forms may be a perfect solution for you. Out attorneys can help draft and interpret these forms to provide you with the appropriate protection and assurances you need when buying or selling a property.
When to Draft Custom Contracts
Although the forms are a good starting point, they are limited in scope. Accordingly, buyers and sellers who seek greater protection may benefit from a custom drafted real estate contract. Depending on your situation, your buyer-seller agreement may address any number of issues before the closing. Such issues may include:
- Were additions and alterations to the property performed lawfully?
- If the buyer intends to alter the property, are such future modifications lawful?
- Is there a financing contingency for the buyer?
- Is there a sale of home contingency clause for the buyer?
- If the buyer hires a contractor or architect to inspect the property and they find termites, asbestos, radon, or lead-based paint, what happens next?
- Who is liable for hazardous waste on the property?
- What are the legal ramifications if the closing does not take place, and where does the down payment go?
As you can see, there are many questions that buyers and sellers may need answered that the standard pre-approved forms do not address. If you need greater clarity and certainty in your real estate contract, our attorneys can draft comprehensive agreements to address your concerns.
How We Can Help
Buying or selling real estate is an exciting experience. However, without skilled legal representation, it can also be risky. As such, a comprehensive and clearly drafted real estate agreement is essential to any real estate transaction. If you need help drafting Colorado real estate contracts, the attorneys at Arant Law can help. Our attorneys can help you draft buy-sell agreements that minimize conflicts and encourage closing.