Although many real estate transactions are fairly simple, having experienced legal counsel can come in handy when the unexpected occurs. Having skilled lawyers in your corner can help make some of these situations easier for everyone involved.
Your First Home Purchase Even though you probably have a real estate agent facilitating your purchase, skilled real estate lawyers can spot potential problems before they become bigger issues such as property line disputes and HOA regulations. Contracts lawyers can provide additional review of the purchase agreement and its contingencies. They can also catch any other potential issues and prevent you from signing documents that aren’t in your best interest. Investment Property If you are buying a property that you plan to rent, it is essential to find lawyers who are well-versed in local landlord-tenant law. A seasoned attorney can also advise you on issues such as:
Foreclosed Homes There are risks involved in buying a foreclosed property, and if you are unfamiliar with the process a seasoned attorney can help you deal with and understand those risks. Each local jurisdiction that holds a foreclosure sale has its own laws in place. In some foreclosure sales, homeowners whose properties are sold at auction are allowed to buy back their homes within a set time period. In others, property liens transfer along with the property--meaning that you will have to pay off the liens when buying the property. It is essential to seek the counsel of qualified lawyers who know the ins and outs of purchasing foreclosed properties in your area. Buying Land If you’re purchasing land to build a home or other property, you can often run into issues with zoning, titles, undisclosed environmental hazards, or eminent domain issues. An experienced real estate attorney can make sure you get clear title with no access issues, determine what kinds of structures can be built, and advocate for you if an inspection turns up serious environmental concerns. Short Sales A short sale means that the owner is selling a property for less than the amount that he or she owes on the mortgage. Sales of this type are known to be slow and may fall through fairly often, but can also be beneficial for both the buyer and seller. Short sales provide relief to sellers in financial distress, and buyers reap the benefits of reduced closing costs and other fees. Whether you are buying or selling, hiring a knowledgeable attorney is a must to help speed up the process and avoid the many pitfalls that can arise. When it comes to purchasing real estate, it is essential to have an attorney who is ready to handle any legal issues that may surface during the transaction. Experienced lawyers in Delaware County can help provide smooth sailing through the process. #RealEstateLawyers, #HiringRealEstateLawyers
1 Comment
9/13/2017 04:09:04 am
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