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Reply to "Real Estate Blog - What topics would you like to see?"
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[quote=Anonymous]PP The unrepresented buyer wrote his own contract which he obtained from Staples. That contract lacked the terms that I inserted into the contract to protect both him and the seller should there be the law suit to which you alluded. He had a lawyer write an addendum to the Staples contract addressing legal fees should there be a suit under the Staples contract, the language I added or the language the lawyer added. In the Staples contract, the unrepresented buyer wrote: "Buyer will do a home inspection by X date." To protect the seller, I had to add "what happens after the home inspection." If there was no resolution, the seller's property would be tied up in a contract until a court could decide under the suit to which you alluded which should be done about the contact. As written by the unrepresented buyer, there was no way to void the contract. Again, a seller is protected when all terms are clear in a contract. But you clearly know that.[/quote]
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