If you’re unfamiliar with the real estate contract used by REALTORS in NWA, take a moment to walk through the NWA Residential Real Estate Contract now.
This is a legally binding document with a lot of moving parts. For new homebuyers there are likely unfamiliar terms and topics as well. Ask your agent for a printed copy to review. You do not want to see this contract for the first time when you are frantically writing an offer on the hood of your agent’s car under a time constraint!
LET’S BE REAL
Even more common today is for buyers to discuss the offer they wish to make over the phone with their agent and then e-sign the document. In this case you may not even have a copy of the contract in front of you!
Therefore, it’s imperative to read through the contract now and have a very good working knowledge of it’s parts. You want to know what questions your agent will be asking you and fully understand what you are signing.
AGENT DISCLAIMER
All contracts used by REALTORS in NWA are written by attorneys and legally binding. Your agent is only authorized to fill in the blanks of these forms. They are not able to make any changes to the contract, as that would be practicing law, nor can they interpret the contract for you. So, if you have any questions about the terms of the contract you need to seek legal advise. Again, something you want to do now and not when you are in the midst of a multiple offer situation.