Home Legal Projects California Review a Purchase Contract in California | 1 Proposal

How a Consumer Hired a Lawyer to Review a Purchase Contract in California

See real project results from ContractsCounsel's legal marketplace — this project was posted by a consumer in California seeking help to review a Purchase Contract. The client received 1 lawyer proposal with a price of $450 flat fee.

Service type
Review
Document type
Purchase Contract
Location
California
Client type
Personal
Client industry
-
Deadline
Less than a week
Pricing Range
$450 (Flat fee)
Number of Bids
1 bid
Pages
15 pages

How much does it cost to Review a Purchase Contract in California?

For this project, the client received 1 proposal from lawyers to review a Purchase Contract in California, with flat fee bids ranging from price of $450 on a flat fee. Pricing may vary based on the complexity of the legal terms, the type of service requested, and the required turnaround time.

Project Description

In 2023, a personal client in California sought assistance with reviewing the terms of a purchase contract related to a homebuyer program established in 1999. The client felt that the repayment terms, which required repayment of the loan amount plus 25% equity, were unreasonable and unfair when compared to current first-time homebuyer options. This situation prompted the client to seek clarity and potential reassessment of the contract conditions. As a result, the client received one proposal from a licensed lawyer, with a flat fee bid of $450, all submitted to meet the requested deadline of less than a week.

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Forum Questions About Purchase Contract

Purchase Contract

New York

Asked on Jul 27, 2024

Can a seller back out of a purchase contract after accepting an offer?

I recently made an offer on a property and the seller accepted it, and we signed a purchase contract outlining the terms and conditions of the sale. However, a few days later, the seller informed me that they have received a higher offer from another buyer and now want to back out of our agreement. I am wondering if the seller has the legal right to do so, and if not, what options do I have to enforce the purchase contract and proceed with the sale?

Arthur S.

Answered Sep 3, 2024

A contract "purchaser" has definite rights under its contract to purchase the property. The contract is binding on both parties. Every contract is different...and some do contain provisions entitling either part to terminate the contract on the occurrence of certain events or prior to the expiration of certain time period,,,,but it would be unusual for a contract to entitle a Seller to terminate in the absence of Purchaser's breach or the occurrence of a specified event. Assuming your contract (i) does not entitle your seller to simply walk away from his obligations under the contract simply because he no longer wants to sell to you (in this case, because he received a higher offer), and (ii) does not prohibit the commencement by you of a "specific enforcement" action to force your Seller to transfer title to you in compliance with the contract enforce, then, and in such event, you are entitled to commence an immediate action to specifically enforce your rights under the contract. Further, concurrently with the commencement of such action, you are also entitled to immediately file a "lis pendens" against the property pending the outcome of your action. A lis pendens is a notice to the world (filed against the property) that you have commenced an action to enforce your contract....and anyone acquiring title to the property after the filing of the lis pendens does so subject to your superior right to title acquire title. The filing of a lis pendens is a very powerful tool and effectively tells all other prospective buyers of the property that they would be doing so at their own risk.

Read 1 attorney answer>

Purchase Contract

Texas

Asked on Sep 4, 2021

Auto purchase agreement on trade in payoff.

The dealer we recently purchased a new car from didn’t pay off our trade in until 7 weeks after the contact. In Texas they have 25 days to pay off a trade in. We asked the dealer to to push back our payment 2 months since they were late paying off our trade in. I called the bank we financed with (Kia Financial) and they said to go to the dealer and have them push back the contract payments 2 months The dealer is saying there’s nothing they can do. I feel like we are being taken completely advantage of.

Donya G.

Answered Oct 5, 2021

Have you spoken to the dealers manager or the manager of the dealership? if you haven't already done so, you should. Make sure to mention the delay in the dealer paying off the trade in and the fact that you called the the bank and they have told you this delay of two months can be done. If they don't listen to you, then it would be time to hire an attorney to assist you. If you would to engage my services where I would call the dealership on your behalf, you can contact me on the contracts counsel website and I would be happy to assist. Regards, Donya Gordon

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