Sheehan & Associates, P.L.C.

contracts Archives

Another set of eyes for your real estate contracts

Whether you are an individual buying a home -- or facing the loss of one -- or you are a commercial real estate investor looking to add another property to your portfolio, you might have to deal with real estate contracts. Real estate contracts and other agreements can become complex, and there are many details you have to make sure are included -- or not included -- to protect yourself and your investment.

Real estate contracts: Cancelling when you've made an agreement

If you've been trying to purchase or sell real estate, one question that may come up is if you can cancel a contract that has been made between you and another party. When you're selling a property, you want to know that the other person is honest about making the purchase, and as a buyer, you want to know that you are getting a property worth the money you're investing.

What do contracts do?

Most people who have contact with contracts on a regular basis view them as utilitarian instruments designed for a particular purpose. They may contain the agreement for a commercial lease, between a tenant and the owner of the building. They describe the terms of a distribution agreement for a product between the manufacturer and their distributor. They convey property during a sale, or they may describe your "ownership" of the song you have "purchased" on iTunes.

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Sheehan & Associates, P.L.C.
1460 Walton Blvd , Suite 102
Rochester Hills, MI 48309

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Phone: 248-218-1473
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