|Real Estate Information|
Working With Your Real Estate Attorney
Purchasing or selling a home will probably be one of your largest and most important financial transactions. Before signing a contract to purchase or sell a home, both buyer and seller should consult an attorney to assure that the real estate transaction will be handled legally and professionally.
Although an attorney is not a required part of the process, particularly in many states where escrow companies will attend to all closing transaction details, an attorney can protect your interests and help you resolve any potential legal problems before entering a legally binding contract.
Sometimes buyers feel the need to sign a contract quickly and don't have time to initially consult an attorney. In these cases, buyers can include language in the contract that will allow their attorney time to give final approval on the agreement - usually within three to five business days. This allows both buyers and sellers to expedite the contract process without fear of inadequate legal representation.
Sellers and buyers alike should familiarize themselves with the real estate transaction process before selecting an attorney. Learning the formal steps in the transaction will help buyers and sellers choose the right attorney and proceed with confidence. Throughout the process, attorneys should attend to a variety of responsibilities, including consultation prior to the signing of the contract, preparing or approving the contract, examining documents and supervising the closing of the transaction.
The attorney should be responsible for preparing or evaluating documents which may be necessary for completing transfer of the property. There are usually several documents to prepare in any real estate transaction, and the attorney can evaluate and explain each document to the buyer or seller whom he or she represents. The deed, the bill of sale, mortgage, promissory note, title commitment and the closing statement are only a few of the important documents that an attorney should review with the seller or buyer prior to the closing.
One of the attorney's most important responsibilities in the real estate transaction is to determine the condition of the seller's title to the property. Through this process, the attorney will discover if the seller is the legal owner of the property and if there is an unpaid mortgage or lien which must be settled before the title to the property can be properly transferred. The attorney will also discover any restrictions or easements which are on the property and the status of any unpaid property taxes or assessments.
The buyer, the seller and their attorneys usually appear together at a final meeting to review all closing documents. As this meeting, usually referred to as the "closing," the attorneys help explain, sign and exchange the documents and approve or clear up any remaining financial matters relating to the transaction. After the transaction is closed, an attorney will attend to any final details such as properly recording the deed, mortgage or other necessary documents and issuing title insurance policies.
Many attorneys are specialized, and it is important that you choose one who knows real estate terminology and real estate transaction processes. Before hiring someone, you should discuss all the details of the transaction with your possible candidate, including all legal costs you will incur.
The attorney's duty in any real estate transaction is to provide legal expertise. Through sound advice and thorough execution of all legal responsibilities, a good attorney will help you complete your transaction swiftly and with confidence.
About The Author
W. Troy Swezey is the author of "WORKING WITH YOUR REAL ESTATE ATTORNEY." As a Realtor at Century 21 Paul & Associates, he has helped many individuals with their real estate needs. Visit his web site to download his free e-book, "REAL ESTATE SECRETS EXPOSED." http://www.TroyIsMyRealtor.com or mail to: TroyC21@usa.net
Housing market: Jason Oppenheim warns of an 'armageddon' in the real estate industry - Yahoo Finance
How much does it cost to buy a home in Natomas? Sacramento Bee
Three-bedroom home in Jefferson sells for $482,000 MassLive.com
Homes for Sale in Manhattan and Queens The New York Times
National home prices have further to fall, say 24 leading housing market researchers—while 5 firms think prices have bottomed - Fortune
National home prices have further to fall, say 24 leading housing market researchers—while 5 firms think prices have bottomed Fortune
Fifth Wall, focused on real estate tech and managing $3.2B, looks to eat up even more of its market - TechCrunch
Fifth Wall, focused on real estate tech and managing $3.2B, looks to eat up even more of its market TechCrunch
Commercial Real Estate in Crisis: Evidence from Transaction-Level ... International Monetary Fund
Here are the latest real estate transfers from western Stark County Massillon Independent
Fastest-growing real estate agent offers market insight for 2023 The Dallas Morning News
GFP Real Estate Inks Three Leases at 505 Eighth Ave. Totaling ... Real Estate Weekly
The Next Big Piece Of Tech Real Estate Seeking Alpha
Real Estate Newsletter Articles this Week: New Home Sales at ... Calculated Risk
10 Tips For Real Estate Passive Income Entrepreneur
The Importance and Surge of Retail Proptech Real Estate Weekly
Top Overvalued U.S. Housing Markets Real Estate
Mortgage and real estate news this week: Cooling markets create homebuying opportunity and utility bills rise - Yahoo Finance
Mortgage and real estate news this week: Cooling markets create homebuying opportunity and utility bills rise Yahoo Finance
Atlanta's 500 Most Powerful Leaders in 2023: Real Estate Atlanta Magazine
Taxation – Real estate – Comparable sales Massachusetts Lawyers Weekly
Real estate problems drag down Blackstone’s profits The Real Deal
Routt County real estate sales eclipse $10.8M from Jan. 20-26 Steamboat Pilot & Today
Words you cannot use in real estate San Diego Community Newspaper Group
Former Fugitive Wanted in Oregon for Real Estate Scam Pleads Guilty Department of Justice
REAL ESTATE | Manufacturing / Warehouse for rent in West Bend, WI washingtoncountyinsider.com
Bel Air’s 260-Acre Spread, Representing 6 Percent of Neighborhood, Goes to Auction - Hollywood Reporter
Bel Air’s 260-Acre Spread, Representing 6 Percent of Neighborhood, Goes to Auction Hollywood Reporter
Real estate reassessment notices sent to only small percentage of property owners in county - Yahoo News
Real estate reassessment notices sent to only small percentage of property owners in county Yahoo News
The past year in real estate | Business | postandcourier.com Charleston Post Courier
Experts say challenges linger but area's commercial real estate ... Fort Worth Business Press
Register of Deeds: Beware of real estate company offering fast cash The Livingston Post.com
Lewiston, Auburn's 'booming' housing market takes center stage at ... Lewiston Sun Journal
Chamber welcomes Birch & Pine Real Estate Group Moultrie Observer
IFF names new director of Indiana real estate services – Inside ... Inside INdiana Business
CALV Presents Commercial Real Estate Class Feb. 17 Nevada Business Magazine
Inside Steven Spielberg’s Real Estate Portfolio—Including His Mega-Yacht Architectural Digest
California's hottest real estate neighborhoods: Home prices are still ... San Francisco Chronicle
Virginia real estate firm acquires Charleston agency 2 weeks after ... Charleston Post Courier
Here’s what real estate wants from Chicago’s next mayor The Real Deal
Top 7 Tips for Real Estate Investing With Little Cash: Investor Business Insider
How Real Estate Developers Are Teaming Up With Social Media Influencers The New York Times
Photos: Top-selling homes in Flagler County Dec. 22-28 Palm Coast Observer
Amazon hires new VP of worldwide corporate real estate ... The Business Journals
How to Afford a House in This Market Real Estate
Considering a 1031 Exchange? The Rules You Need to Know Kiplinger's Personal Finance
Six local real estate projects to watch in 2023 - Sacramento ... The Business Journals
Alfred Sanzari Enterprises Welcomes Regional Cancer Care ... Real Estate Weekly
Marina Times - Real estate's dog days Marinatimes
Berkshire region real estate sales theberkshireedge.com
Review: Horror scribe Grady Hendrix breathes life into real estate ... Charleston Post Courier
Investing in REITs vs. Direct Real Estate Morningstar
DOUGLAS COUNTY REAL ESTATE UPDATE 1.27.23 kqennewsradio.com
December 2022's Median Price of Wake County Real Estate ... Wake County Government
Viyaleta Kachan was 1 of the 21,434 Americans to launch a real estate career in 2022. Here’s her story - Inman
Viyaleta Kachan was 1 of the 21,434 Americans to launch a real estate career in 2022. Here’s her story Inman
How pickleball is invading the real estate world The Real Deal
Selling A Home - What Attachments Stay or Go?
The home selling and buying process can be confusing. This is especially true when it is a FSBO (for sale by owner) operation.
Buying Real Estate Thats Not For Sale
Buying real estate can start with a look in the newspaper, a visit to a broker, or a search online. These are all good ways to find your next investment property.
Do I Need A Real Estate Survey?
Getting a survey before you close on any real estate is very important.Some people actually buy real estate without having a survey done.
Virtual Agent? Online Real Estate
When preparing to sell a house, you should always consider the options of selling a home privately or listing with a real estate agent. Of course, the most cost effective option would be to sell your home privately, but what about the number of Home Buyers in the market who are not willing to consider a private sale listing?I am a firm believer that people should be able to sell a home privately but, like a lot of people, was not the kind of person who would be comfortable buying from a Private Home Seller.
Home Selling: How To Set The Right Asking Price
Many homes remain unsold for a long time because they're over-priced. Pricing your home right is essential if you want to sell your home in quick time.
To Buy or Not to Buy
Purchasing a home is a major emotional and financial decision. Often times, people want to buy a home; however, emotionally cannot afford to commit to the home-buying process.
10 Home Purchase Abroad Tips For Success
Are you seeking your little corner of sun drenched heaven on earth? If you are you're certainly not alone!Many Northern Europeans, Americans and Canadians are looking overseas for investment real estate or for a holiday bolt hole and if you're considering buying a second home in the sun, a home from home abroad or an investment property overseas and you're in a hurry to get started, these top 10 home purchase abroad tips for success should set you off in the right direction.1) Legal AdviceLegal systems differ from country to country so never assume that you understand how exactly the entire house purchase process is going to work, and never expect things to necessarily go exactly your way! To be assured of the fact that your personal interests are being looked after and that you, your money and your property are 100% secure, legal and legitimate it's essential to seek independent legal representation in the country you're considering buying property in.
Getting Started in Real Estate Foreclosure Investing
Decide to Invest in Real Estate Foreclosure InvestingWith the increase in Real Estate property appreciation rates across America, a prospective foreclosure buyer may want to fix up a property to improve its value to live in, to rent out or to resell. The strategy a buyer pursues will determine which foreclosure property to buy and the location.
Why Commercial Real Estate is the Hottest Retirement Asset
For small business owners, commercial real estate investment is the hottest new retirement asset. If your mind has already jumped to "REITs" - or shares in Real Estate Investment Trusts - think again.
What Can I Realistically Earn In A Lease Purchase Business?
If you're looking at Lease Purchasing as a business, you'll obviously want to earn much more than the $20,000 per year in our "How To Give Yourself A $20,000/Year Raise Without Asking Your Boss" article. Let's review the numbers from that article: For every 100 calls Sue makes on For Sale By Owner property, she either speaks with or leaves messages for about 60%.
Real Estate Investment 2005 - The Hottest Countries for Investment in 2005
Whether you are a real estate investor looking for a steady and 'safe' investment in a proven market or a real estate speculator willing to gamble on the unknown and undiscovered in the hopes of gaining a significant ROI (return on investment), this article covers the real estate investment hotspots for 2005.A recent UK government report discovered that there was a 250% increase between 2000 and 2004 in the number of Britons buying property abroad solely for investment purposes, and this trend does not seem to be limited to the UK nor does it seem to be slowing down!The global stock markets seem to be in decline, there is a worldwide pension crisis looming and we have uncertainty in the Middle East, in the UK the housing market is unaffordable, possibly over inflated and unlikely to bring significant returns for investors late in on the game and so more and more of us are looking further a field for our investment opportunities.
Regarding Real Estate On Leased Land
1.Why are there so many properties on leased land?There are several situations here.
How Can I Stop Foreclosure on My House?
We understand the being in foreclosure is a scary thing. You are probably wondering how can I stop foreclosure on my house.
Practical Advice for Finding Irish Castles for Sale
Have you ever wondered what it would be like to live in a castle?Have you ever dreamed of dancing in a grand ballroom that at one time was filled with princes and other nobility?If you find yourself dreaming of this lifestyle, you're not alone. Celtic castles, and all things medieval for that matter, have gotten very popular in recent years.
Where To Start In Looking For A Central Illinois Realtor
Central Illinois is an excellent location for families andbusinesses. Property values and local economies are growingconstantly and the wide range of available properties isimpressive.
Are You Trying to Hit a Home Run With Your Prospects Without Asking Them on a Date?
Real Estate email marketingDo you remember the old School girl/boy game of "Around the World", or "Around the Bases"? If you got a kiss you got to First Base. A french Kiss was Second Base.
How to Own a Dream Home in Spain
Every year hundreds of thousands of foreign visitors travel to Spain to delight in the fantastic weather, stunning natural landscapes, excellent entertainment options and superb Mediterranean beaches. Many of these people dream of one day owning their own property in Spain, in fact Spain is now one of the most desirable second home and retirement destinations in the world.
7 Different Ways Anyone Can Become a Real Estate Investor
Being a real estate investor is not really that hard, Sometimes you do not need any money down. Other times you do not need any of your own money down.
How to increase the Saleable Value of your Home
When selling your home, you'll want to fetch the best price possible for your home yet it so happens in many cases, that buyers give offers that just don't meet your expectations. Of course, you will have to negotiate but you still may not end up getting how much you want.
Investing In Commercial Property
Investing in commercial property is well beyond the financial means of most people. Few can afford the large sums of money involved in buying commercial real estate.
|home | site map|
|© 2006 TIGER MEDIA|