5 Common Real Estate Contract Mistakes to Avoid

Buying or selling a home is one of the biggest financial decisions most people will make and every detail matters. In Massachusetts, real estate contracts are legally binding, which means even small oversights can lead to costly disputes, delays, or lost deposits.

Here are five common mistakes buyers and sellers make when handling real estate contracts and how to avoid them.

1. Not Reviewing Contingencies

Contingencies are the “what if” clauses that protect you if certain conditions aren’t met like financing, home inspections, or appraisal results. Failing to include or properly review these clauses could lock you into a deal you can’t afford to close or make it difficult to back out if the property doesn’t meet expectations.

Before signing, make sure all necessary contingencies are clearly stated and deadlines are realistic.

2. Misunderstanding Inspection Terms

Home inspection clauses can be confusing, especially when it comes to how repairs or credits are handled. Many buyers assume an inspection automatically gives them the right to renegotiate, but that depends on how the clause is written.

An attorney can help you interpret these terms, understand your rights, and ensure the contract reflects what you actually agreed upon.

3. Skipping Attorney Review

In Massachusetts, it’s always wise to have an attorney review your real estate contract before you sign. Even standard forms can contain details that aren’t in your best interest, especially when it comes to deposits, timelines, or seller disclosures.

Having a lawyer review your contract can prevent misunderstandings and protect you from avoidable legal issues later.

4. Missing Deadlines

Real estate contracts include strict timelines for financing, inspections, and closing. Missing a single date can jeopardize your deal or result in the loss of your earnest money deposit.

Set calendar reminders and stay in close communication with your attorney, lender, and agent to ensure everything stays on track.

5. Overlooking Small Details

From names and addresses to property descriptions and included fixtures, small errors can create big problems during closing. A simple typo or unchecked box can cause unnecessary delays.

Double-check every section, or better yet, have your attorney do it for you.

Final Thoughts

A Massachusetts real estate contract is more than just paperwork, it’s a legal agreement that protects your interests and investment. The best way to avoid mistakes is to have a qualified real estate attorney guide you through every step.

📞 Call the Law Office of Cathy A. Marino at (617) 846-4041 to schedule a consultation for your real estate contract review.

⚖️ Disclaimer: This article provides general information only and is not legal advice. For advice about your specific situation, please consult an attorney.