Real Estate in Barrington & The Northwest Suburbs: Buying Barrington Illinois Real Estate - Is Your Barrington IL Realtor Fully Explaining The Purchase Contract

Are you buying Real Estate in Barrington Illinois? As your Barrington IL Realtor I am here to fully explain the purchase contract.

A purchase contract is used to make an offer on any residential Barrington Illinois real estate you want to buy and it is 15 pages long. Ugh I hear you say - maybe so, but you must take the time to go through it and understand it before you sign. It is a legal document and not to be taken lightly. Some of it will not apply to you - so we are not talking hours - 30 minutes should be enough unless you have lots of questions. I am going to go through the contract in stages here on this blog in a series of articles - hopefully making it seem less of an arduous task.

Let's get to basics for you.

• The contracts that any Barrington IL Realtor will use are provided by our Barrington Illinois real estate board - The North Shore Barrington Association of Realtors
• The contract is written by a panel of Attorneys and approved by the above Board. Sometimes they will ask for Broker input
• The contract is regularly updated - Your Barrington IL Realtor should only use the most up to date contract forms
• The form is typed with spaces - blanks - for us to fill in
• Your Barrington IL Realtor is only qualified to fill in the blanks - a well trained Realtor will know what to put in the blanks
• What about empty blanks - simply if we are not going to use a blank we must enter as not applicable - N/A
• Your Barrington IL Realtor should not write down the side, the top, the bottom, or add pages - to do so would be considered practicing law and I am not an attorney.
• If you want anything added to a contract you should hire an attorney to write an addendum for you
• If your additions or proposals are to be part of your Barrington Illinois Real Estate offer - ask your attorney to prepare it before we present the offer

As your Barrington IL Realtor I am required to give you a copy of the contract you signed. Any changes made to price, closing date i.e. those blanks we talked about - require your initials and again require me to provide you with a copy.

As we go forward with your purchase it is my job to make sure everything we wrote on the contract is being done. Your attorney will take care of the legal side, your loan officer will take care of the finance side and I will oversee it all until you get the keys. In my next article we will go through the most important parts of page one and I will update this post with links as we move forward.

If  at any time you have questions about buying Barrington Illinois Real Estate, filling in contracts or how I work as your Barrington IL Buyers Agent Realtor - just leave a comment here or call me. You can search for your piece of Barrington IL Real Estate right from this blog. Follow the link below.