Purchase Contracts

We assist clients in reviewing and preparing real estate purchase contracts to address their rights and interests in accordance with Florida law.

Understanding Purchase Contracts

Real estate transactions in Florida are governed by statutes and regulations, which makes it important to carefully review purchase contracts. At CLS Law Firm, we assist clients by reviewing contract terms, identifying potential risks, and providing legal support throughout the negotiation process. Our aim is to help ensure that your purchase agreement is clear and aligns with applicable laws.

lawyers castellon, Lauren and Schlesinger

About Our Firm

We provide legal services in various areas of Florida law. Our team is dedicated to addressing the individual needs of each client with attention and professionalism.

Practice Areas

Family Law
Personal Injury
Estate Planning
Criminal Defense

Each case is different and must be evaluated on its own merits. Past results are not a guarantee of future outcomes.

What is a home inspection contingency in Miami real estate transactions?

A home inspection contingency in Miami real estate transactions allows the buyer a specified period to conduct an inspection of the property. Based on the inspection results, the buyer may request repairs, negotiate the purchase terms, or cancel the agreement without penalties. This provision is commonly used in accordance with Florida real estate transaction practices.

How do zoning compliance and environmental assessments impact real estate purchases in Miami?

Zoning compliance and environmental assessments are important considerations in Miami real estate transactions. They help determine if a property conforms to local zoning laws and environmental regulations. This information can be significant for buyers who plan to modify or develop the property, as it relates to legal use and regulatory requirements in Florida.

What should Miami buyers know about financing contingencies in purchase contracts?

Financing contingencies in Miami real estate purchase contracts allow buyers to cancel the contract without financial penalties if they do not obtain financing within a specified timeframe. This provision helps address issues related to the buyer's deposit in accordance with Florida law.

How are closing costs negotiated in Miami real estate deals?

Closing costs in Miami real estate transactions may be negotiated between the buyer and the seller. Such negotiations can result in either party agreeing to pay certain fees, consistent with customary practices in Florida real estate transactions.

What happens if hidden defects are found after purchasing a property in Miami?

If hidden defects are discovered after purchasing a property in Miami and were not addressed by a contractual contingency, the buyer may consider pursuing legal action against the seller or inspector to seek compensation, in accordance with Florida law.

Can a buyer back out of a real estate purchase contract in Miami?

In Miami, a buyer may cancel a real estate purchase contract without penalties only if the conditions specified by the inspection, financing, and other contingencies in the contract are met, in accordance with Florida law.

What does due diligence involve in Miami real estate transactions?

Due diligence in Miami real estate transactions involves thorough research by the buyer regarding the property and all related aspects of the transaction, including legal, environmental, and physical conditions, to assist in making an informed purchase decision in accordance with Florida law.

How is the purchase price determined and negotiated in Miami real estate?

In Miami real estate, the initial purchase price is usually proposed by the seller and can be subject to negotiation. Factors that may influence the price include market conditions, the property's condition, and other considerations relevant to the transaction within Florida.

What protections do buyers have against sellers backing out in Miami?

Buyers may have protections under contractual clauses that comply with Florida law if a seller withdraws from a real estate transaction in Miami. These clauses can provide options to pursue legal remedies or to retain the earnest money deposit. Each case is different and must be evaluated on its own merits. Past results are not a guarantee of future outcomes.

How can a buyer in Miami ensure their deposit is protected?

To protect their deposit in Miami real estate transactions, buyers should ensure the contract specifies the conditions under which the deposit may be returned. Using an escrow account, in accordance with Florida law, can help manage the deposit during the transaction process.

Guidance for Homebuyers in Florida

Purchasing a home involves important legal considerations, including understanding the terms of the purchase contract and the closing process. At CLS Law Firm, we provide assistance to clients by reviewing contract provisions, identifying potential issues, and helping to address their legal interests throughout the transaction.

PURCHASE CONTRACTS

COMMERCIAL AND RESIDENTIAL LEASES

TITLE INSURANCE

FORECLOSURE

PROPERTY TRANSACTIONS