In order to provide yourself with the best protection when entering into a real estate contract, it is key to first have a qualified real estate attorney familiar with New Hampshire real estate law review your contract. Buyers and sellers are assigned specific duties under the law and it is important not to sign a binding contract until you are clear on what your role and responsibility will be.
It is common with real estate purchase and sales agreements for contingencies to be involved; for instance, is your participation in the purchase agreement to close on a new home contingent upon selling your current home? Are you protected in the event that you cannot secure financing to purchase the home on a timely basis? Do you fully understand the legal description of the real estate in question? These are examples of areas of concerns where you need to ensure that you are not exposing yourself to financial or legal risk – a qualified real estate attorney can illuminate these areas for you and guide you through the contract process.