Augusta's Full Service Law Firm
Sullivan Law, P.C.
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Real Estate Law
Mortgages
New Construction
Buyer, Seller & Developer Representation
Property Disputes
Residential & Commercial Closings & Conveyances
Purchase & Sales Agreement Review & Negotiation
Buying and Selling
Should you conduct a home inspection before buying?
Yes. Real
estate in Maine is customarily sold in “AS IS” condition, without any
warranties or representations.
What is an Offer to Purchase?
In Maine, the
Offer to Purchase is normally this first document a Buyer and Seller sign for
the sale of real estate. Although this document is customarily called an “Offer,”
parties must be careful since in many instances, this documents is a legally
binding agreement.
What is a Purchase and Sale Agreement (P&S
Agreement)?
A Purchase
and Sale Agreement is a detailed agreement for the sale of real estate that is
customarily signed after the Offer to Purchase.
Do real estate forms have to be notarized?
Most real
estate forms must be notarized, including deeds and mortgages, which are
recorded at the local Registry of Deeds at or immediately after closing. Real
estate forms that will not be recorded, such as a lease form, generally do not
have to be notarized.
What is the closing?
The closing
is a meeting where all of the documents are signed and money changes hands. Our
firm conducts closings at our office. Upon request, we will also travel to the
Registries of Deeds, Realtors’ Offices and Borrowers’ homes.