#contract-law

#contract-law

Real estate contracts are the backbone of every property transaction. In fact, according to the National Association of Realtors (NAR), contract issues accounted for 22% of delayed closings in 2023 , making them one of the most common stumbling blocks in real estate deals. Whether you're a first-time homebuyer, a seasoned investor, or preparing to sell your property, understanding the essential elements of a real estate contract can save you time, money, and stress.

In this case, the English High Court emphasized that an exchange of WhatsApp messages created a basic but legally binding contract between the parties, enforcing caution in pre-contract discussions.