| Alan R. Horvath, Attorney at Law |
| Real Estate - Contract of Sale |
A purchaser of real estate must not only consider zoning, easements, and form of ownership, but pay attention to
the mechanics of the sale as well. Title insurance should be purchased. A title search will determine any liens
outstanding against the property so the buyer can be assured they are paid off out of the proceeds of the sale and do
not remain against the property and therefore against the purchaser. A survey should be obtained if one has not
previously been done so you are certain of what you are buying. Depending on circumstances you may want a well test,
a copy of the permit for the septic, and an estimate for bringing in power and telephone.
Your broker will ask you to sign a contract of sale. This is a legally binding agreement between you, the seller, and
maybe the broker, that commits you to complete a purchase within a certain time frame based on certain assumptions
being met. You need to be clear which variables you want the right to check out prior to completion of a sale. You need
to be clear that you have the time to complete your checks before a sale must be finalized. You need to be clear whose
money is at risk in performing your checks, and what part of your deposit is returned to you should you back out.
the mechanics of the sale as well. Title insurance should be purchased. A title search will determine any liens
outstanding against the property so the buyer can be assured they are paid off out of the proceeds of the sale and do
not remain against the property and therefore against the purchaser. A survey should be obtained if one has not
previously been done so you are certain of what you are buying. Depending on circumstances you may want a well test,
a copy of the permit for the septic, and an estimate for bringing in power and telephone.
Your broker will ask you to sign a contract of sale. This is a legally binding agreement between you, the seller, and
maybe the broker, that commits you to complete a purchase within a certain time frame based on certain assumptions
being met. You need to be clear which variables you want the right to check out prior to completion of a sale. You need
to be clear that you have the time to complete your checks before a sale must be finalized. You need to be clear whose
money is at risk in performing your checks, and what part of your deposit is returned to you should you back out.
P.O. Box 81
596 Mountain Ranch Rd.
San Andreas, CA 95249
596 Mountain Ranch Rd.
San Andreas, CA 95249
| Phone: 209 754-5291 Fax: 209 754-5293 |
| ahorvathlaw@sbcglobal.net |
| Serving Calaveras, Amador, Tuolumne, and San Joaquin counties, California |
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