Jeffrey M. Neff Real Estate Law Blog on Lawyers.com

Real Estate Contract Law in Tucson

Monday, June 14, 2010 by Jeffrey M. Neff

If you are involved in a real estate matter, it is vital that you understand the importance of real estate contract law. The Law Office of Jeffrey M. Neff, P.C. has an experienced team of attorneys who are eager to help you with Tucson real estate contracts.

Real estate contracts are rooted in common law contracts and ultimately share the following principles:

Offer: The contract is initially drafted in the form of an offer.
Counteroffer: This happens if the seller replies to the offer with a new proposal.
Acceptance: If the seller agrees to the offer, there is an acceptance and a real estate closing commences.

Legal requirements

If you are involved in a real estate transaction, a real estate attorney in Tucson can provide you with valuable assistance. For a Tucson real estate contract to be legal, it must meet the following requirements:

Mutual assent: A mutual agreement between the buyer and seller must be made.
In writing: If you are drafting a contract for purchase and sale of property, it must be in writing.
Identify parties: All parties involved in the real estate transaction must be identified.
Identify the property: Under Tucson real estate contract law, the property must be identified.
Price of purchase: The contract must contain the price of purchase for the property.
Consideration: In order for contract to be legal, it must have a consideration.
Signatures: A contract is required to be signed by individuals of legal age in order for the document to be valid.

If you are considering purchasing or selling property, you should contact a law firm skilled in real estate contract laws in Tucson as soon as possible. Dedicated and personalized legal service

The Law Office of Jeffrey M. Neff, P.C. is determined to provide you with quality legal service. With over 30 years of experience, we look forward to assisting you in all of your real estate endeavors. Contact us online or by phone at 520-722-8030 and speak with one of our skilled attorneys today.

Serving clients throughout Southern Arizona

The Law Office of Jeffrey M. Neff, P.C.
4568 E. Camp Lowell Dr.
Tucson, AZ 85712
Phone: 520-722-8030

Posted at 09:59 AM

Topic: Real Estate