Alabama Real Estate Contract: Different Types and Key Terms to Include
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- Avg cost to draft a Real Estate Purchase Agreement: $860.00
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What is an Alabama Real Estate Contract?
An Alabama real estate contract is a legally binding contract entered into by a buyer and seller for the sale of real property. Real estate contracts must be in writing, and they must be signed by both parties to be legally enforceable.
Common Alabama Real Estate Contracts
There are several types of real estate contracts that are used in Alabama. The three most common include:
- Purchase agreement. The most common type of real estate contract that lays out the terms and conditions for the transfer of property between a buyer and a seller.
- Real estate assignment contract. Used as a wholesaling investment strategy and allows the buyer to assign the contract to a second buyer.
- Lease agreement. Real estate contract, sometimes called a rental contract, between a landlord and a tenant for use of the property.
4 Essential Elements of an Alabama Real Estate Contract
Four essential elements that make a real estate contract legally enforceable under Alabama property laws include:
- Property description. The address and legal description of the property.
- Price and terms. The offered price accepted by the seller and terms like required deposits.
- Closing date and costs. The date the sale will be finalized, and which party is responsible for closing costs.
- Required disclosures. Facts known by the seller that could adversely affect the value of the property. In Alabama, sellers must fill out a property disclosure statement and a lead-based paint disclosure.
Can a Seller Back Out of a Real Estate Contract in Alabama?
A seller in Alabama can only back out of a real estate contract if the buyer’s contingencies are not met or if the buyer breaches the agreement. For example, if a buyer fails to have the home inspection completed before a predetermined date or fails to secure financing, the seller may have grounds to back out of the deal.
Frequently Asked Questions
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Meet some of our Alabama Real Estate Contract Lawyers
David B.
A twenty-five year attorney and certified mediator native to the Birmingham, Alabama area.
"David was able to meet my turnaround time and still do a thorough job and provide great feedback on my document."
Lolitha M.
Small firm offering business consultation and contract review services.
"Did great. She was responsive even after hours, will use again!!!"
Nicholas V.
I am a solo practitioner, and manager of the Law Office of Nicholas J. Vail, PLLC, with offices in Denver, Colorado and Austin, Texas with a focus on general business and real estate contracts.
"Nicholas was great! Highly recommend and I will be using his services again."
John H.
John Daniel "J.D." Hawke is an experienced attorney with a law practice in Mobile, Alabama. He was born in Fairhope, Alabama and after earning his undergraduate degree at Auburn University, he received a law degree from Thomas Goode Jones School of Law in 2010. After law school, he formed the Law Office of J.D. Hawke LLC and over the last decade he has fought incredibly hard for each and everyone of his clients. His practice focuses on representing people facing criminal charges and clients dealing with family law matters. In addition to criminal defense and domestic relations cases, he also regularly handles contract disputes, personal injury cases, small business issues, landlord/tenant disputes, document drafting, and estate planning. He is licensed to practice law in the State of Alabama and the United States District Court for the Southern District of Alabama.
December 5, 2021
james a.
Mr. Allen is a seasoned trial and appellate attorney known for his precision, clarity, and results-driven legal writing. With experience handling everything from personal injury to family and criminal law — including service as an assistant public defender — he brings practical insight to every document he drafts. His passion for legal research and writing drives his work on persuasive, court-ready materials, including demand letters, service agreements, and independent contractor contracts. Mr. Allen understands the real-world impact of legal documents and balances legal strength with practical usability. Based in Alabama and licensed to practice law, he brings both legal insight and real-world judgment to every project he takes on.
Leah C.
I am an attorney licensed in Alabama and have been in solo practice for 7 years. I have experience in Contracts drafting and review, Litigation and Immigration practice areas. I am available for new projects.
March 8, 2022
Stephanie C.
Alabama & Missouri Licensed Attorney offering Freelance Services for Wills, Trusts, Probate, Family Law Documents, Criminal Matters, and Real Estate Closings.
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Browse Lawyers NowLawyer Reviews for Alabama Real Estate Contract Projects
Real Estate Purchase Agreement Review in Iowa
"Ryenne was fantastic and answered all of our questions and provided clarity for us in negotiating a purchase agreement!"
ContractsCounsel User
Review Real Estate Purchase Agreement
"Exactly what I needed! Will use again!"
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Real estate home purchase contract review
"Ryenne was very prompt. thanks for your help Ryenne."
ContractsCounsel User
Create Real Estate Purchase Agreement
"Provided requested documents"
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Create Real Estate Contract
"William was knowledgeable and helped us review disclosures and prepare our purchase documents, but communication and turnaround times were often frustrating. There were repeated delays during a time-sensitive real estate transaction. Ultimately, the experience did not feel as organized or responsive as we needed."
ContractsCounsel User
Real Estate
Real Estate Contract
New York
Can you purchase or refinance under a land contract?
I’ve been living here for 2 years. Currently have been working with my credit union and they are having a terrible time trying to understand the legalities of my land contract first off, and secondly they just don’t seem to know what they are doing. It’s been over 8 months, 4 different loan officers and I’m once again waiting for someone else to help finish this thing out. It’s only $60,000 with a $120,000 appraisal. So, as of now I am stuck paying 2.5x monthly under this land contract than I was promised would be an easy mortgage process. So any guidance in the right direction would be very helpful. It’s a New York home. 20 yr fixed, no balloon, with a (brace yourself) 12% apr. HELP ME PLEASE! One month I’m being told to authorize a credit check for a first time homebuyer grant method of mortgaging this property. The next it’s authorizing it for a refinance. I do have earnest money deposits for over $3,000 and another $3000 paid towards principal under this land contract also.
Jane C.
I suggest you speak with a New York real estate attorney. That attorney needs to review the documents related to the transaction.
Real Estate
Real Estate Contract
Georgia
How many years does a quick claim become effective?s
Number of years for quick claim to be effect ive
Meghan T.
A quit claim deed is effective upon execution so long as the deed is dated as of the date of signature. Execution means that the deed is signed, in front of a witness and a notary. The witness and notary must also sign the deed. Finally, the deed must be recorded. This means that the deed must be submitted to the Superior Court recording office of the County in which the property sits. Please let me know if you have any questions. Thanks, Meghan K Thomas
Real Estate
Real Estate Contract
Illinois
what is better to buy land or rent for construction in US?
we are a construction company from Ukraine, we are planning to build a cottage town in the USA
T. Phillip B.
I suppose it doesn't matter if you have the lease giving you permission and the lease is long enough to justify the building expense when you won't own it. But I'd buy the land so you could eventually sell the property with the building on it.
Real Estate
Real Estate Contract
Georgia
WHAT ARE YOUR FEES TO PERFORM QUIT CLAIM DEED COMPLETE BUTTS COUNTY GEORGIA 30233
SON AND EX
Meghan T.
Hi. The cost for my practice to prepare a Quit Claim Deed is $99. The Cost for me to handle the closing is $250 plus recording fees. These costs apply for any county within the state of Georgia. Let me know if you have any more questions. Meghan K Thomas
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Location: Illinois
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