Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

Deciding to Have a Lawyer Look at PSAs

12 Aug 2026 · 1 min

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Christian Osgood says you need a lawyer to review a Purchase and Sale Agreement if earnest money is due and contingencies are weak. If earnest money hasn't been paid yet and the contract has solid contingencies, the risk is low. He claims he can spot the problem cases 99% of the time without a lawyer involved.

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I'm kind of going on the thought that I should have a lawyer look at the PSAs before signing them, correct?
It depends on the collateral. If the earnest money is not due, you know, if you still have contingencies, you go under contract, the earnest money can come right back. Your risk of signing a PSA that has solid contingencies is relatively low. You do want to double-check those. I am more than happy to check those for you as well. You can send them straight to me and I will review them. I would tell you if we need a lawyer to review something. 99% of the time, I could tell you if it is a solid PSA or not without needing full legal review.