Alabama Real Estate Contract: Different Types and Key Terms to Include

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What is an Alabama Real Estate Contract?

An Alabama real estate contract is a legally binding contract entered into by a buyer and seller for the sale of real property. Real estate contracts must be in writing, and they must be signed by both parties to be legally enforceable.

Common Alabama Real Estate Contracts

There are several types of real estate contracts that are used in Alabama. The three most common include:

4 Essential Elements of an Alabama Real Estate Contract

Four essential elements that make a real estate contract legally enforceable under Alabama property laws include:

  1. Property description. The address and legal description of the property.
  2. Price and terms. The offered price accepted by the seller and terms like required deposits.
  3. Closing date and costs. The date the sale will be finalized, and which party is responsible for closing costs.
  4. Required disclosures. Facts known by the seller that could adversely affect the value of the property. In Alabama, sellers must fill out a property disclosure statement and a lead-based paint disclosure.

Can a Seller Back Out of a Real Estate Contract in Alabama?

A seller in Alabama can only back out of a real estate contract if the buyer’s contingencies are not met or if the buyer breaches the agreement. For example, if a buyer fails to have the home inspection completed before a predetermined date or fails to secure financing, the seller may have grounds to back out of the deal.

See Real Estate Contract by State

ContractsCounsel is not a law firm, and this post should not be considered and does not contain legal advice. To ensure the information and advice in this post are correct, sufficient, and appropriate for your situation, please consult a licensed attorney. Also, using or accessing ContractsCounsel's site does not create an attorney-client relationship between you and ContractsCounsel.

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Meet some of our Alabama Real Estate Contract Lawyers

Brian W.

Business & Immigration Attorney Free Consultation Member Since:
May 18, 2023

Brian W.

Business & Immigration Attorney Free Consultation Texas or Alabama 1 Yr Experience Licensed in AL Texas Southern University

As a licensed AL lawyer with over 7 years of experience in the legal field, I have spent more than 15 years working in the business and finance sector. I am deeply passionate about immigration, contracts, & my expertise spans a wide range of projects. From handling ICOs & IPOs to navigating VCs, SaaS, OnlyFans, Wholesaler & Manufacturing Agreements, Prenups, Movie Finance, M & As, Visas, Green Cards and more. I have a comprehensive understanding of various contractual needs. Whatever your contract requirements may be, feel free to reach out to me—I can craft or work on any contract with precision and expertise.

Don K.

Free Consultation Member Since:
May 22, 2023

Don K.

Free Consultation 2 Yrs Experience Licensed in AL Lincoln Memorial University

Oliver Keene is not your typical attorney. With a personal touch and a passion for helping others, he goes above and beyond to provide exceptional legal services. Born and raised in the heart of the Appalachian coalfields, Oliver understands the value of hard work and perseverance. His small-town upbringing instilled in him a deep sense of community and a commitment to making a difference in people's lives. Oliver's journey in the legal field began with a Bachelor's degree in Criminal Justice from Bluefield University. He went on to earn his Juris Doctorate from Lincoln Memorial University - Duncan School of Law, where he excelled in his studies and developed a strong foundation in law. Throughout his career, Oliver has gained invaluable experience working as a public defender, an attorney advisor for the Small Business Administration, and in various legal roles. With a focus on estate planning and business law, Oliver is dedicated to helping individuals and families protect their assets, plan for the future, and navigate the complexities of the legal system. His approachable demeanor, attention to detail, and genuine care for his clients set him apart. Oliver's clients can trust that he will go the extra mile to ensure their legal needs are met with the utmost professionalism and personalized service. Outside of his legal practice, Oliver enjoys spending time with his wife and daughter, exploring the great outdoors, and indulging in his passion for hunting and fishing. His commitment to serving military families is evident in his offering of discounted services as a token of gratitude for their sacrifices. When you choose Oliver Keene as your attorney, you're not just hiring a legal professional - you're gaining a trusted advisor and a compassionate advocate. With Oliver by your side, you can have confidence that your legal matters will be handled with the highest level of expertise and care.