What paperwork is necessary to prepare a Contract of Sale?
The Seller’s attorney is usually responsible for preparing the Contract of Sale. It is most helpful if the Seller can provide a copy of the deed, Certificate of Occupancy and a Survey; however, a Contract may be drawn up without any of these. If your attorney has this information, it will make the transaction go more smoothly and take less time to close. III. Who prepares the Contract? As stated above, the Seller’s attorney usually prepares the contract. It is important that the Seller select an attorney that is familiar with real estate matters and one who prepares the contracts in a timely fashion. IV. When I accept a binder, am I taking my house off the market? Yes — however, the binder should indicate a maximum of 5-7 days for the parties to execute a contract. Also, you may want to indicate that the binder is ‘subject to the review and approval of my attorney within 48 hours of the acceptance of the offer.’ V. How long does it take for contracts to be fully executed? This will de
