District of Columbia Real Estate Contract: Different Types and Key Terms to Include
Quick Facts — Real Estate Contract Lawyers
- Avg cost to draft a Real Estate Purchase Agreement: $770.00
- Avg cost to review a Real Estate Purchase Agreement: $560.00
- Lawyers available: 215 real estate lawyers
- Clients helped: 513 recent real estate contract projects
- Avg lawyer rating: 4.83 (42 reviews)
What is a District of Columbia Real Estate Contract?
A real estate contract in the District of Columbia is a contract that is executed between a buyer and seller to transfer ownership of real property. Often called residential purchase agreements or purchase and sale agreements, these contracts are essential for facilitating the purchase of a home.
Common District of Columbia Real Estate Contracts
There are several types of real estate contracts that are used in Washington DC. The most commonly used is the Greater Capital Area Association of Realtors Regional Sales Contract. You may also see the following types of contracts used:
- Real estate assignment contract. Used when purchasing “distressed properties” as an investment. This real estate contract allows the buyer to assign the contract to a second buyer.
- Lease agreement. Also called a rental agreement, this contract is used when a property owner wants to rent their property to a tenant.
4 Essential Elements of a District of Columbia Real Estate Contract
In order for a DC real estate contract to be legally binding, it must include the following four essential elements:
- A valid offer for the purchase of the house with an acceptance of the offer
- Sufficient consideration – often a monetary sum in exchange for the property
- Legally competent parties
- Legal purpose
Real estate contracts should also include any contingencies that may void the contract and required disclosures that must be provided by the seller.
Who Prepares a Real Estate Contract in District of Columbia?
In Washington DC, a real estate contract is most often prepared by the buyer’s real estate agent. This is because the contract is drafted when a buyer decides to make an offer. Most real estate agent’s utilize Washington DC’s approved Regional Sales Contract. If a real estate agent or buyer want to draft their own contract, they will need the help of a licensed attorney.
Frequently Asked Questions
See Real Estate Contract by State
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
See Real Real Estate Purchase Agreement Projects
Arkansas Review a real estate contract to make sure I am protected as a seller. Review
- Arkansas
- 2 lawyer bids
- $400 - $800
Arizona Review Real Estate Contract for commercial building Review
- Arizona
- 9 lawyer bids
- $325 - $1,000
California Create Real Estate Purchase Agreement Drafting
- California
- 7 lawyer bids
- $700 - $2,500
See all Real Estate Purchase Agreement projects in District of Columbia
ContractsCounsel is not a law firm, and this post should not be considered and does not contain legal advice. To ensure the information and advice in this post are correct, sufficient, and appropriate for your situation, please consult a licensed attorney. Also, using or accessing ContractsCounsel's site does not create an attorney-client relationship between you and ContractsCounsel.
Need help with a Real Estate Contract?
Meet some of our District of Columbia Real Estate Contract Lawyers
Ralph S.
Ralph graduated from University of Florida with his JD as well as an LLM in Comparative Law. He has a Master's in Law from Warsaw University , Poland (summa cum laude) and holds a diploma in English and European Law from Cambridge Board of Continuous Education. Ralph concentrates on business entity formation, both for profit and non profit and was trained in legal drafting. In his practice he primarily assists small to medium sized startups and writes tailor made contracts as he runs one of Florida disability non profits at the same time. T l Licensed. in Florida Massachusetts and Washington DC this attorney speaks Polish.
"Ralph was communicative, friendly, and efficient - answering questions and serving as an advisor. Strong recommendation!"
Brian S.
Corporate attorney with 16+ years of in-house counsel, people leadership and client management experience. Provides legal expertise and a business-oriented approach to problem solving and building lines of business. Consistently works under pressure, prioritizing and managing workload and simultaneous tasks to meet deadlines in a changing, fast-paced environment.
"Great work and communication. Would recommend working with Brian!"
Michael T.
I have been in practice since 1990 and practice in D.C., Maryland, and Virginia. I am an experienced litigator and look forward to resolving your legal questions as efficiently as possible.
"Easy to work with. Great communication. Helped steer us in the right direction to make sure we filed the right document for our needs."
Anita P.
I specialize in assisting families and individuals with their end-of-life and incapacity planning needs, utilizing Wills, Trusts, and a range of other services.
"Anita was exactly what I was looking for: responsive and fully on top of the assignment."
Thomas G.
https://www.tgravelylaw.com/
"Thomas was great to work with. He was easy to communicate with and helped ensure I got a fair contract for my commercial lease. I highly recommend Thomas to anyone."
Tina R.
15 years for legal experience; expertise in contracts, healthcare, ERISA, physicians, financial services, commercial contracts, employment agreements, etc. I am adept at all contracts and can provide you with efficient and quality services. I have worked at a law firm, financial services company, consulting ,and non-profit.
"Tina was great! She responded immediately and professionally and completed my project better than I had even hoped!"
January 4, 2022
Amy Sue L.
Ms. Leavens is a corporate attorney with 10 years of experience as the General Counsel, Chief Compliance Officer and Corporate Secretary of a Congressionally chartered, non-profit corporation, and more than 20 years of experience as an advisor to executive officers and boards of directors in for-profit and non-profit organizations. She has substantial experience within in-house legal departments managing cross-functional teams comprised of multiple business units and attorneys on large-scale mission critical projects, and within a global law firm as a manager of public and private, domestic and international, multi-party business transactions. She has unique experience implementing government-sponsored business initiatives. Ms. Leavens was honored in 2015 as one of Washington, D.C.’s Top Corporate Counsel by Bisnow and the Association of Corporate Counsel; nominated in 2014 for the Association of Corporate Counsel (WMACCA) Outstanding Chief Legal Officer Award; and the recipient in 2014 of WMACCA’s Community Service Award.
Find the best lawyer for your project
Browse Lawyers NowLawyer Reviews for District of Columbia Real Estate Contract Projects
Review Public Offering Statement for Purchase of New Construction Townhome
"Great review and fast turn around"
Real estate home purchase contract review
"Ryenne was very prompt. thanks for your help Ryenne."
Real Estate Contract Review for LLC Membership Interest Purchase
".."
Real Estate Indemnity Agreement
"Zachariah was prompt, thorough and very detail-oriented. He explained the human oversight and expertise was used throughout the whole process, after the initial clerical work which is completed by his AI legal software. The final work product was exactly what we needed and above and beyond what we hoped for. Thank you very much!"
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
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
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
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
Quick, user friendly and one of the better ways I've come across to get ahold of lawyers willing to take new clients.
View Trustpilot ReviewNeed help with a Real Estate Contract?
Real Estate lawyers by top cities
- Austin Real Estate Lawyers
- Boston Real Estate Lawyers
- Chicago Real Estate Lawyers
- Dallas Real Estate Lawyers
- Denver Real Estate Lawyers
- Houston Real Estate Lawyers
- Los Angeles Real Estate Lawyers
- New York Real Estate Lawyers
- Phoenix Real Estate Lawyers
- San Diego Real Estate Lawyers
- Tampa Real Estate Lawyers
District of Columbia Real Estate Contract lawyers by city
ContractsCounsel User
Arizona wholesaline homes contract
Location: Arizona
Turnaround: A week
Service: Drafting
Doc Type: Real Estate Purchase Agreement
Number of Bids: 3
Bid Range: $800 - $1,500
ContractsCounsel User