By John J. Torrone, Esq.
Purchasing a home is one of the largest investments that a person will make. If you purchase a home, due to the complex nature and technicalities involved, you should consult an attorney at the earliest stage of buying or selling a home.
Once an offer is accepted it is a binding legal contract, which creates certain obligations and rights for both a buyer and seller. These obligations and rights are often altered or expanded in the purchase and sale agreement. It is important to thoroughly review the purchase and sale agreement, as many issues addressed in it can have financial impacts on the transaction.