Contracts are legally binding agreements and are usually the most critical element in a holding together a real estate deal and protecting you when things go awry.
Weak or improperly drafted contracts can expose tort that can hinder your deal. Any advice or recommendations posted in this section should be reviewed by a qualified party, such as an attorney before you implement it.
Also note, laws vary state to state, so one persons contractual recommendations may not apply in your area. The bottom line is seek qualified legal advice prior drafting or signing a contract, especially those of high importance, such as a real estate transaction.