The Ins-and-Outs of Real Estate Law
Real estate law can be complex. If you are looking to buy or sell a property, you’ll need to make sure you evaluate your options carefully. Here are a few things you should know before you move forward with a decision.
Contracts are Binding
Contracts are more than an agreement between the buyer and seller. It is a legally binding document that states the terms and conditions of the sale. You need to make sure you check that out. Failure to do so can lead to a lot of problems in the future.
Check Terms and Conditions
Contracts often contain the same elements: the purchase price, the closing date, signatures of both parties and more. However, if you do not know what to look for, it can be easy for the other party to slip in an unfair clause or condition. Do not let that happen. Look for seasoned real estate attorneys in Phoenix AZ to go over the contract and help you filter out anything that should not be there.
Considerations Can Be Drafted in
If you are buying property, you should always ask for a home inspection. That should cover the roof and plumbing as well as the electrical and air conditioning of the home. Inspections to check for termites must also be performed. Results should be sent to the seller, so repairs can be done. If the seller does not comply, then you can talk to your lawyer about what needs to be done next, especially if you intend to push through with the sale.
Set Aside Money for Associated Costs
Buying a home does not just include the price of the property. You are going to need to shell out cash for closing costs. You also need to pay off your lawyer too, along with a host of other fees. Make sure you have enough to cover those expenses. Talk to your lawyer about those fees before you get legal help on board.
Ensure Your Best Interests
Hiring the services of real estate attorneys in Phoenix AZ means you have someone to ensure that the sale is in your best interest. From doing title insurance policies and title searches to handling fund transfers for the purchase, your lawyer is there to help you.
Real estate attorneys can also help you with foreclosures, as they know your rights. Talk to real estate attorneys in Phoenix AZ. Call The Law Office of Larry P. Karandreas, PLLC for more details.