By Konstantine William Kyros, Esq.
Introduction Buying a home can seem like a daunting task to many.
This transaction is the largest investment in most peoples lives and requires both financial and legal expertise. Although many residential real estate transactions are relatively straightforward, it is a good idea to have a basic familiarity with the legal issues involved to avoid problems. After finding a house you want to buy, usually with the help of a broker, you will be asked to sign a document called an offer to purchase. The offer you sign is a legally binding contract. When it is accepted and signed by both parties, the seller is obligated to deliver the deed and the buyer is obligated to deliver the purchase price.