Sign New Hampshire Terms of Use Agreement Now

Document type sign terms of use agreement new hampshire now

good evening my name is Len Foy and I would like to introduce myself I am a real estate attorney in Nashua New Hampshire I have been practicing law for just about 20 years and in all that time I have been working with real estate clients on commercial and residential real estate transactions those of you who have been following me on YouTube and elsewhere know that we have produced and that we are broadcasting a series of videos in which I am discussing my office and the services that we offer my experience the manner in which I represent clients and what to expect certainly in our real estate marketplace if you are working with my office or just what to expect in general tonight one of the things that I've been trying to do is have laid some of the earlier videos that we made were quite lengthy but I think very informative and and they're still informative but what I'm trying to do is I'm trying to make these videos a bit more concise certainly packed with information but but brief enough so that people can watch them in their spare time and not have to commit a half an hour or an hour to sitting through a video presentation we have covered I think almost every subject exhaustively really but what I wanted to discuss this evening was purchase and sales agreements what are they how can my office help you with them what is the relevant what is their relevancy to real estate transactions how do we work with them how do we make them work for us and I'm hoping that we can cover that subject in five minutes or so is somewhere in that approximate duration so initially as a preliminary matter I would like to introduce myself again my name is Len Foy and I am a real estate attorney located in Nashua New Hampshire I have been practicing law for just about 20 years and in all that time I have been representing real estate clients with respect to real estate matters commercial and residential real estate transit transactions and the like purchase and sales agreements of course are highly relevant to real estate transactions insofar as you really can't buy or sell real estate without one so in terms of covering real purchase and sales agreements that would be our that would be our our point of beginning the fact that it is essential to every to any and every real estate transaction that we have a purchase and sales agreement a purchase and sales agreement it just boiled down into its most simplest parts is a is a legal document and it does need to be in the form of a document which basically reflects a buyer and a seller and a property and a price and some other information and details about the transaction contingencies as they're called and and and other matters let's put it that way a purchase and sales commitment does need to be in writing so I would say as a as a threshold matter verbal contracts to solve real estate our I'm never going to be successful there are probably instances where a person could go into court and as we say prove up the terms and conditions of a real estate transaction that perhaps they don't have contractual evidence of but they may have other so-called writings that be can be sort of pieced together like the pieces of a puzzle to evidence that there was that a contract exists and that certain people agreed upon certain things but by and large if you are or feel you are the party to a verbal real estate transaction or a real estate contract you must know just to begin with that that contract as a famous I believe it was a famous movie producer used to say oral contracts aren't worth the paper they're printed on or in some cases they aren't worth the paper that they got printed on I believe that it was a Hollywood mogul who made that statement the name of whom is escaping me at this time but I'll I'll supplement this in a future video but but it's true oral contracts are not worth the paper they're printed on or not printed on as the case may be and never has that been such the case as it as it is with respect to a real estate transaction and for obvious reasons real estate transactions have such have a gravity about them that necessitate that they be in written form and that we don't have people marching into court in droves in packs trying to prove up the terms of a transaction through verbal statements nods winks gestures and the like so it's just would make our system of conveying real estate completely unworkable if we didn't have this requirement that they be in writing so they must be in writing it needs to identify buyers and sellers which seems obvious I frequently see purchase and sales agreements that have that piece of it confused so it does happen the property is in somebody's name pursuant to what the registry tells us and yet certain people are aware of the fact that this person is deceased so even though they're identified in the purchase and sales agreement technically the estate is the seller so that's a common example two people will agree to be the buyers of real estate but then due to credit or other considerations one is perhaps pulled out and the other one is allowed to proceed so that we may wind up with a purge the sales agreement that needs to be revised or amended down the road and that's something that we can talk about - that can be done and incidentally I would never give away the ending while the plot is still unfolding but I have to give away the ending of this video and the ending the surprise of perhaps not such a surprise ending of this video will be that you really should consider hiring an attorney to assist you with your purchase and sales agreement I think it's critically important in some cases it's really almost mandatory and mandatory is probably not the right word because it's nothing is never really mandatory other than the fact that the contract needs to be in writing but but in Massachusetts certainly you will find that there is an expectation that you will have an attorney and even if you don't the other side will so you'll find yourself not only battling the other side for battling their attorneys so I think in Massachusetts it's it's really a must in New Hampshire perhaps and not quite as important because New Hampshire it's a different landscape there are different expectations attorneys are not commonly involved at the purchase and sales agreement stage but even if you're not having an attorney negotiate the terms of a purchase and sales agreement it's a document that should be reviewed by an attorney wherever you are buying whether it's New Hampshire Massachusetts Alaska Hawaii I don't think it makes any difference if you are buying real estate even if you've made the decision not to hire an attorney to negotiate it on your behalf which is perhaps more costly it really ought to be reviewed by an attorney which I think you'll find if you shop around can be quite inexpensive any purchase and sale agreement must include a price and it should include must include really a deposit real estate transactions are typically not valid without a deposit it can be a deposit it can be a deposit that most of us would consider insignificant it could be a $10 deposit I think it can be a $1 deposit I don't see that a lot but if I'm we could be in other words courts and and and others will not will not scrutinize the amount of the deposit so much as was there a deposit or wasn't there and I think that the consensus probably is is that transactions require a deposit in some amount to make them valid so they'll be mention of that and then there will be contingencies and and again we're trying to I'm trying to make this video perhaps a little bit more concise than some of our prior videos so I'm not going into quite the detail that I've got into elsewhere but contingencies suffice to say are things that need to happen for the transaction itself to happen and I think the classic contingencies that come to mind would be your Lord each contingency and your home inspection contingency so a home inspection contingency will will likely be something to the general effect that if the property does not it's not satisfactory to the home inspector or contractor or whomever is selected by the buyer to inspect the property if the inspection generates results that are unsatisfactory to the buyer or to the buyer's agents or to any of the buyer surrogates their home inspector or their contractor then the buyer is given the right to withdraw from the transaction and and so - with a mortgage contingency which basically says that if the buyer is not able to get financing and again the buyer needs to meet certain requirements in that context but but as a general proposition if the buyer is not able to secure mortgage financing to buy the property the buyer is excused from going forward and they're let out of the contract and and again at the home ins fact if the home inspection does not go well or there are problems which are revealed by the home inspection the buyer is excused from going forward with the trains action so those are your contingencies and then there's just miscellaneous provisions that typically come in at the tail end of the contract like appliances that may be included with the sale or excluded from the sale home sale contingency z' can be common when they're acceptable to all parties which is that I'm only required to buy this property if I'm able to sell my property or another property so those are your classic home sale contingencies which are which are contingencies in one respect but they're also what we would consider to be additional provisions or additional paragraphs to the purchase and sales agreement in Massachusetts as opposed to New Hampshire there is quite a bit of attorney involvement so that the buyer typically has an attorney and the seller has an attorney and those attorneys each generate their own documents referred to as an addendum or a writer and those documents create additional rights and responsibilities on the part of the buyer and the seller depending upon who the attorney is representing so the buyers attorney will create a an a writer or an addendum that that creates additional responsibilities and obligations for the seller and gives additional rights and privileges to the buyer and vice versa so that's why I think it's imperative that if you are buying real estate in Massachusetts if you are if you're a buyer let's say and the seller will have an attorney and that attorney will be looking out for their clients behalf you should consider having an attorney to represent you and to look up for your behalf as the buyer and that goes for sellers also so purchase and sales agreements it frequently I'll be contacted by a party who informs me that they'd like to bring me in to review a purchase and sales agreement that they have already signed so even though it's it makes perfect sense and I think a lot of people watching this video probably would expect this keep in mind once you have signed a purchase and sales agreement it's obviously very difficult to go back and then to renegotiate terms so for anyone who is watching this video who hasn't yet side to purchasing sales agreement I would ask you send me your purchase and sales agreement we'll make some kind of a financial arrangement terms of what it's going to cost for me to review it in some cases we will review purchase and sales agreements on a complimentary basis and typically that's when we're have a broader level of involvement on the transaction and so recurring and so reviewing the purchase and sales agreement it's sort of part and parcel of what we're doing anyways so in many cases we can make our review of that document complimentary and I would say call for details I think that's probably the best way to leave it if you have any questions about the circumstances under which I would be reviewing your purchase and sales agreement whether I would be charging you and how much I would be charging you consultations are always at no charge so I would encourage people to contact my office and to seek a a free consultation with me and we can lay that purchase and sales agreement out on the proverbial table and we can talk about the agreement itself what changes I might propose be made to it any cost involved or any costs that are going to be waived and we can go from there that is that is really a very very basic and very rudimentary sort of walkthrough of the purchase and sales agreement it's different sort of constituent pieces and attorney involvement and specifically my involvement and how I would be involved and what I would charge and there were circumstances that I under which I wouldn't charge from our review of it but again most of my videos end on the same note and it's a note of really imploring people to at least consider the possibility of hiring an attorney to review their documents and to represent them throughout the course of any real estate transaction they may find themselves a party to whether they are buying or selling whether it's yours whether it's their first transaction or their tenth transaction or their 20th transaction actually it's interesting you would think that as people sell more and more real estate or buy more and more real estate they might be less inclined to hire an attorney just because of having done so many of them but I find that the opposite is true and I think it's because people realized after they've been a party to several real estate transactions the complexity of it the potential for mishap the potential for conflict legal conflict and other other types of conflict I think people realize the importance of having an attorney to represent them throughout that process this has been such a serious video I want to end on a note of levity and lightheartedness incidentally we are at the we are at the we are at the beginning of a major storm that's coming through this area so I'm delivering these remarks and creating and producing this video at the outset of it the snow is just starting to swirl around and apparently we're in for quite a bit of snowfall and some high winds possible power outages so this is like the New England this is not for the faint of heart but at any rate my name is Len Floyd I am a real estate attorney in Nashua New Hampshire I would like to be your real estate attorney I have been practicing law for just about 20 years and all that time I have been handling residential and commercial real estate transactions for clients I am admitted to practice law in New Hampshire Massachusetts in Maine I'm admitted to practice law in California but I'm currently on inactive status and I am licensed to issue title insurance and to handle real estate closings in the state of Rhode Island although I like to point out to people that I have not had been as admitted as an attorney there my office customer service is near and dear to my heart and it's part and parcel of the way to run this office so it's imperative it's an imperative in this office that we provide customer service and then and that we try to turn clients into lifelong and lifetime clients and that is how I approach every client relationship and indeed every real estate transaction give my office a shot our phone number is six oh three five nine eight four zero three zero my email addresses is LFO y at toy law office comm you can find us on the world wide web the web address is WWE law office calm you can send me a fax our fax number is six zero three five nine eight four zero two zero again my name is Lennon Floyd I'm a real estate attorney in Nashua New Hampshire I have a great amount of passion for what I do I love what I do I love to come to work every day to me it isn't work at all I enjoy being here it's a family business in many ways I consider myself to be a self-made person and obviously with the help of friends and and family members wonderful wonderful employees and valued clients please give me a call I hope you've enjoyed this video we try to do to do a bunch of them and I hope that people are enjoying what they're seeing and people are getting something out of them purchasing sales agreements are legal contracts they create certain rights and obligations they can create liability they can be the basis for litigation and loss and damages people who sign them should understand them if you are faced with the p ospect of signing a purchase and sales agreement and you have any questions about what you were signing or the obligations that you may be taking on give my office a call we'll go through it together and I hope you do call I look forward to hearing from you and I thank you sincerely for sitting through this video I hope you've enjoyed it my name is Len Foy bye for now