Posted by BobJ (Md) on July 25, 2003 at 11:52:42:
You can write and sign your own contract without an attorney. But I advise against it. Remember, the real reason for a contract is to enforce the terms of the agreement if you find yourself in court. If your contract has problems, the judge can “interpret” it or even throw it out and fall back on civil law. You could get left in a position very different than what you intended!
Your attorney gets paid to think about all the problems before they even happen, and to cover your posterior by writing a bullet-proof contract. It’s money well spent, even if you never need to go court.
In fact, the better your contract, the less chance that you’ll end up in court. You can agree on anything verbally with the seller. Just remember that a verbal agreement is worth the paper it’s written on. Use an attorney - he/she will be working for you, and will protect your interests in the matter.