Everything you need to know before signing a contract
Updated: Jan 26, 2019
Buying or selling a home can be one of the most confusing and challenging things you do in your adult life. The process seems easy enough, right? But, then there is so much fine print and legalize to deal with on both sides of the contract. When I bought my first home, I was clueless as to what all of the paperwork and contracts meant - I just signed and trusted my real estate agent to take care of anything. Fortunately, she did. However, on the next go around, things did not go as well and I really only had me to blame. I should have been more thorough in all of the papers I was signing and I should have done my research. On the bright side, I have learned some valuable lessons and I am ready to share those with you.
Whether you are buying or selling a home, the contracts come fast and furious once the process begins. Be prepared for this and don't just start signing things. Here is a quick list of things to do before signing a contract.
1. Read everything!!!!!!!!! Read it at least twice before signing anything.
2. As almost all contracts are signed online and through email in today's modern world, print out the contract first and read it. Don't read it on your phone.
3. Ask questions. This is why you have a realtor - take advantage of their expertise. Remember, you are not supposed to know what all of those things in the contract means, so ask questions.
4. Do your research. The internet is a wealth of information, just be careful where you get your information.
5. If you have done everything else and you still don't feel comfortable, contact an attorney. You are getting ready to make a huge investment or you are trusting someone to sell your home, make sure everything is the way you want it. Contracts can be amended and changed before signing, it is much more difficult to make changes once you have signed.