Sarasota New Home Purchase Contracts Attorney

Securing Your Investment with Legal Excellence

Sarasota, Florida is one of the fastest growing communities in the nation. Many new residents decide to purchase a new construction home when moving to Florida. When considering a new construction home, there are many additional issues to consider apart from the typical considerations when purchasing a home.

Legal Review of New Construction Contracts

Throughout Florida, there are many model homes constructed by home builders that are open to be viewed by a prospective home purchaser. Often, these model homes are so beautifully constructed and decorated that a buyer signs a new home purchase contract on the spot, caught up in the dream of owning a new home envisioned to look like the model. However, these new construction purchase contracts are drafted by the builder with provisions that heavily favor the builder at the buyer’s expense. At the time the new construction contract is signed, the buyer gives the builder a large check for the initial deposit. Do not get caught up in the excitement of the moment and the beauty of the builder’s model home.

If you are in the market to purchase a new construction home, consult with an experienced Sarasota real estate attorney BEFORE YOU SIGN THE CONTRACT. At the Edwards Law Firm, PL, we will put your interests first and help you negotiate through the dangerous provisions in the contract that may jeopardize your dream of owning a newly constructed home.

Protect Your Investment with Independent Sarasota Legal Representation

In most new construction home purchase contracts, the Builder will require you to close the transaction with a title agency owned by the Builder, causing a conflict of interest. Because the Builder’s title agency is closing the transaction, it will of course protect the Builder’s interests at the expense of your interests. Often, we see these Builder-owned title agencies issuing title insurance with many exceptions to coverage – exceptions that would be part of your title insurance policy had you closed the transaction with an independent title company. When purchasing your new construction home, you need an independent, board certified real estate attorney on your side to assure your significant financial interest is protected.