Real Estate Law

Buyer's Representation

As buyers, clients frequently rely on us as their first and last trusted source of information. Since ordinary real estate agents only have the minimum, sixty three (63) hours of course work, which is required to obtain their license, many of our clients depend on us in order to assist their real estate professional or refer them to an agent who is able to benefit from the attorney's counsel.

Once an offering price has been established, some additional considerations that a buyer may want to consider are:

Which party is responsible for closing costs?

Builder, pre-construction dealers and savvy sellers will usually attempt to saddle the buyer with thousands of dollars in transactional costs which may not necessarily benefit the buyer. Failure to address this before a contract is executed can cost an unwary buyer as much as five thousand ($5,000.00) dollars in additional costs; these costs can be even higher if the purchase price is higher than average transactions.

How many opportunities does the buyer have to exit the contract without any penalty?

An ability to effectively navigate this area of contract law can only be offered by a trained attorney because it requires knowledge of prevailing Florida case law, which is modified and interpreted by the courts on an ongoing basis. By carefully tailoring contractual language to a client’s needs, Trivedi & Associates can ensure that buyers are not ambushed into transactions which are otherwise undesirable.

What is the appropriate deposit and who will be the escrow agent?

From a sellers perspective, a large escrow deposit with the fewest possible contingencies, increases the likelihood of a buyer walking away from a transaction. Special care should be taken to negotiate a deposit which reasonably assures the seller that the buyer is committed, but not so great as to create an unfair windfall to the seller if the buyer forfeits the deposit.

Contact our office in Orlando regarding your Real Estate Transaction.