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Real Estate Transactions By Gilles Baillargeon: Home

Basic Guide & Explanation of Real Estate Transactions

Real Estate Transactions, what is it?

A real estate transaction is the process that occurs when a seller offers their home for sale, and a buyer agrees to purchase that property. 

There are many steps involved in buying a house, and the steps vary depending on the type of transaction and state regulations. Before the closing can take place, and before the title of the property transfers to the buyer, a multitude of activities and tasks must be completed on time.

Some items that need to be taken care during a real estate transaction include: 

  • Ensuring that there is clear title on the property 
  • Drafting and executing buyer and seller closing documents
  • Transferring funds from escrow


This is Library Guide is not Legal Advice

The material on our research guide’s website is intended to provide only general information and comment to our clients and the public. This research guide is created for educational purposes only. Although we make our best efforts to ensure that the information found on our website is accurate and timely, we cannot, and do not, guarantee that the information is either. Nor do we guarantee the accuracy of any information contained on websites to which our website provides links.

Do not, under any circumstances, rely on information found on our website as legal advice. Legal matters are often complicated. The law changes frequently and varies from jurisdiction to jurisdiction. Being general in nature, the information and materials provided may not apply to any specific factual and/or legal set of circumstances. For assistance with your specific legal problem or inquiry please contact a knowledgeable lawyer, who practices in your area of need and would be pleased to determine whether she or he can assist you. The State Bar Association is ordinarily a good source for referrals for competent attorneys.

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How Does a Real Estate Transaction Work? Whiteboard Explainer

Importance of Real Estate Attorneys

Despite Florida law not requiring either party to a residential real estate transaction to hire a real estate attorney, doing so has undeniable benefits. While most real estate negotiations in Florida involve only the parties’ real estate agents, hiring a Florida real estate attorney not only serves to protect each party’s interests but also expedites the entire process and helps to streamline the contract negotiation, the closing process, securing title insurance and communicating with lenders.

In addition to being able to handle the more complicated matters that develop, an attorney may also help both the buyer and seller of Florida residential real estate to ensure that all contracts are drafted to suit their personal objectives, that they only sign documents that they are legally obligated to sign, that they are not affected by any liens that are discovered throughout the title search process, as well as, a host of other legal issues that regularly arise in real estate transactions. However, to guarantee each party’s rights are being fully protected, an attorney may not represent more than one party to any given transaction.

Flowchart of Real Estate Transaction

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