REAL ESTATE LAW
Real Estate Law Issues
- Due diligence
About Real Estate Law
Real estate law is called real estate because it’s about real property. Real property is land as opposed to personal property which is objects. Fixtures that are permanently on the land like buildings or other large structures are also a part of real property. There are many different aspects of real estate law like deeds, titles, purchase financing, zoning, taxes and estate planning.
Know Your Rights
Real estate dealings may be fraught with difficulties and legal concerns based on various factors such as deed claims, special interests, disclosing defects and problems and financing. If someone else has a claim on the property at the time of the sale, the buyer may be facing complications in holding onto the house he or she has just purchased.
Real estate lawyers are extremely important in the real estate transaction process. Many states actually require attorneys’ involvement in certain transaction stages. Laws requiring the presence of a real estate attorney exist because an attorney ensures your rights are guarded throughout the transaction process.
Real estate law governs laws and litigation which has to do with property – including buildings which are affixed to a particular piece of land. This might include homes, commercial property or other types of real estate.
Since you will be signing contracts and a substantial amount of money will likely be involved, it is a good idea to hire an attorney to protect your interests and ensure that the entire process is legal and valid.
Although it’s a great idea to consult an attorney before purchasing a home, there are several things you should make sure of. Make sure that all property which is supposed to go with the home is included in the contract. This may include appliances or other extras you were promised. You also want to inspect the damage report and look at the surrounding area.
You’ll want to make sure that there are no claims or liens against your property and determine what items or property should be included in the sale. You will also want to consider your lowest desired price and what you’re willing to accept. A property law attorney can oversee the process and protect your interests.