Is A Written Contract Important If I’m Buying Or Selling A House?
Absolutely. It’s critical. Because the contract is the heart of the transaction. It spells out what you’re buying, the price, terms, etc. Any issues relating to the transaction are spelled out in the contract. It’s vital. Also, after closing, if you get audited or even just doing your regular taxes, typically, your accountant needs the contract to identify what the terms of the transaction were.