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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.
There are several types of real estate contracts that are used in Alabama. The three most common include:
Four essential elements that make a real estate contract legally enforceable under Alabama property laws include:
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.
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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.
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