GLO’s New Build Real Estate Contract Consultations
Are you considering purchasing a new build home? Contracts for new build homes are often very different from the standard Colorado Real Estate Commission (CREC) forms used in resale transactions. Instead, these contracts are typically prepared by the builder’s attorney and are drafted to favor the builder, not the buyer.
Why You Need Legal Review for New Build Contracts
Unlike standard from contracts that are approved by CREC that licensed agents can use is hoke re-sale transactions, new build purchase contracts are builder-drafted agreements often include terms that:
Shift risks and liabilities to the buyer.
Limit the builder’s responsibilities for delays, defects, or changes.
Include provisions that may be difficult to enforce or leave the buyer with fewer remedies if issues arise.
New home buyers should:
Have an attorney review the contract before signing to identify potential pitfalls and areas of concern.
Request a review clause in the contract, giving them a specified number of days to consult with legal counsel before the agreement becomes binding.
How GLO Can Help
GLO provides comprehensive reviews of builder-drafted contracts and offers tailored advice to help new build homebuyers minimize risks and navigate the complexities of these agreements.
Our Services Include:
Contract Review: We carefully analyze the builder’s purchase contract to identify builder-friendly provisions and explain their implications.
Risk Assessment: Highlight potential liability issues and advise on strategies to protect your rights as a buyer.
Consultation: Offer a one-hour phone consultation to discuss the contract, address questions, and provide actionable recommendations.
Ongoing Legal Support: Establish an attorney-client relationship, ensuring you have access to legal advice if disputes or issues arise during or after the purchase process.
Why Act Now?
Don’t wait until problems arise to seek legal help. Builder contracts are complex, and once signed, the terms become binding. By consulting with GLO early, you can:
Avoid unfavorable terms and hidden risks.
Ensure a smoother transaction and protect your investment.
Address potential issues proactively, rather than reacting after problems emerge.
Schedule Your Consultation Today
Set up a consultation with GLO to review your new build home contract before signing or finalizing the agreement. Our expertise can help make your transaction seamless and give you confidence in your purchase decision.
Contact GLO today to learn how we can assist you in navigating the complexities of a new build contract.
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