Q: can 2 legally separate properties be sold with one contract in Alabama
i am selling 2 duplexes on 2 adjacent properties with different parcel ID#s my agent received an offer on both and made one contract for both, is the contract valid or two separate contracts are required? the buyer is obtaining a loan for the purchase.
A:
One contract should be fine if the purchaser is the same and the seller is the same for both -- assuming there are no other problems, which could be anything from clouds on the title of either parcel, boundary problems, errors in the legal descriptions, violations of zoning or setback lines, encroachment on easements, etc. -- the usual real estate risks. But in and of itself, there is nothing inherently wrong with transferring multiple properties with a single contract. However, given the numerous problems that can arise in real estate transactions, I strongly advise getting an experienced real estate lawyer involved to review the agreements, review title, and steer you around the shoals. Many offer free initial consultations. Good luck
PS: My comments are for general information only and are not legal advice on your specific situation, nor do they create an attorney-client relationship between us. Consult and attorney in your state for legal advice.
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