transaction articles
What primary legal document serves as the roadmap outlining every right and responsibility for a property transfer?
Which legal doctrine mandates that contracts for the sale of an interest in land must generally be in writing to be enforceable?
Besides the street address, what specific detail must the legal description of the property in the contract include?
What is the Earnest Money Deposit (EMD) primarily intended to demonstrate by the buyer?
What function do contingencies serve within a real estate contract?
If a contract is silent on financing and the buyer diligently applies but cannot secure the necessary mortgage approval, what is the buyer's risk?
What are the typical options for a buyer if a property inspection reveals significant defects?
What specific protection does the appraisal contingency offer the buyer regarding the agreed-upon price?
When a buyer breaches the contract without a valid contractual reason, what is the most common remedy available to the seller?
What is often considered the buyer's most powerful contractual remedy when a seller defaults on the agreement?
Why must a buyer engage legal counsel instead of relying solely on their real estate agent when analyzing complex liability arising from a mold discovery?