COVID-19 Update: We are open every day from 8-4 and are seeing clients either in-person or via phone/video conferencing. Your health and safety are of the utmost concern to us which is why we are asking our clients to please wear a face covering when coming in for an appointment. If you do not have one, we will be happy to provide one. If you have documents to drop off, please feel to use the 24-hour drop box located to the left of the first set of doors. Call, email, or text us anytime and let us know how we can help you!

Serving Clients In Troy And Throughout Ohio

Real Estate Purchase Agreements

Understanding Real Estate Purchase Agreements

The drafting and execution of a real estate purchase agreement is an essential step in the real estate process. The agreement outlines the parties, price and relevant terms in a given transaction. Each element of the sale should be carefully considered and fully disclosed in the purchase agreement. The goal of any real estate purchase agreement, whether it be a standard buy/sell agreement, land installment contract or lease with an option to purchase, is to protect both the Buyer and Seller and to ensure both parties’ expectations are clearly understood from the beginning.

A fully executed real estate purchase agreement is a legally binding contract that obligates both parties to perform certain acts in accordance with the terms of the agreement. Once executed, these agreements may be enforceable in court and subject a defaulting party to liability.

Our Real Estate Attorneys

If you are looking to purchase or sell real estate, the experienced attorneys at Dungan & LeFevre can help. We have decades of experience in these matters, and we represent clients throughout Miami County and statewide. Our real estate attorneys are Michael Rieman, William McGraw, Sarah Worley, Steven Justice and Michael Scarpelli. They can assist in the drafting and reviewing of real estate purchase agreements.

Contact Us

To discuss your goals and concerns with an experienced real estate attorney, please call 937-770-6225 or contact us by email. With offices in Troy, we represent clients throughout the Miami Valley and Ohio.