Ask a Lawyer and Get Answers to Your Legal Questions
Hello. I'll be happy to assist you.
I can take a look at it if you can attach it to this chat using the paperclip icon above.
Hello. I just got back today and saw this. I'll review it and get back with you shortly.
OK. I've read the agreement. It seems to be in order from a legal perspective. I say that because I cannot tell you whether this is a good deal, or give you any advice regarding what you want out of the deal. What I can tell you is that it looks legally proper. In order for a contract to be valid, you need three basic elements: 1) an offer; 2) acceptance of that offer; and 3) some consideration for the offer, which is usually money. Assuming this offer is accepted, you have all of that, and it appears to meet legal requirements. Again, I can't say whether this is a good deal or you are getting what you want out of it, I can only tell you that it's a legally valid contract.
I'm sorry, but I can only communicate with you through this chat. I am, however, happy to answer any questions you have.
If you break the contract after you sign, you'll lose the earnest money. If the other side backs out, you won't lose it.
If you can't secure financing, you will lose your earnest money, which is $13k. If you think that is a real concern, you should work that into the contract, or lower your earnest money.