Verbal promises are not legally enforceable when it comes to the sale of real estate. So, before things go to far down the road, you need to enter into a written contract, which starts with your written proposal. This proposal specifies:
- All the terms and conditions of the purchase
For example, if the sellers said they'd help with $1,000 toward your closing costs, be sure that's included in your written offer and in the final completed contract, or you won't have grounds for collecting it later.
REALTORS® usually have a variety of standard forms (including Residential Purchase Agreements) that are kept up to date with the changing laws. When you use a REALTOR® these forms will be available to you. In addition, REALTORS® cover the questions that need to be answered during the process. In many states certain disclosure laws must be complied with by the seller, and the REALTOR® will ensure that this takes place.