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  • Writer's pictureRyan Dolan

Everything you need to know before signing a contract

Updated: Mar 18, 2019

"The main purpose of a real estate sale contract is to outline the obligations of both parties entering an agreement to buy/sell/transfer a property. This is the main difference between a contract of sale and purchase of real estate and deed; the latter represents the actual transfer of a property from one party to another, or the closing step of a transaction.

Some contracts of sale can be very simple, functioning like a memorandum of sale, while others provide more details, such as an official description of the property including its address, the agreed selling price, the mortgage details (when applicable), the deposit amount, and the agreed closing date, the maximum time it is valid before a counter-offer can be accepted, and the possible legal proceedings should the contract be broken.

The contract of sale is different for every type of real estate: residential, commercial, or vacant land." Real estate terms of sale.


Signing the contract can be the scariest part of the whole process. Thankfully you have me to help guide you the whole way. I believe the contract is the backbone to the whole process, and can make or break a real estate transaction.


When you trust me as your guide through the buying or selling process my main goal is to make sure you and your interests are protected. This doesn't have to be "signing your life away" or a taxing event. Together we will get through this and come out the other side with your goal intact!


Hiring a licensed Realtor like myself you will have the piece of mind and satisfaction knowing that your best interest are my first priority.


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