In many situations, real estate transactions move forward with very few complications. However, situations may arise that could prevent a transaction from going through in the way you had originally planned. Whether you are a first time home buyer or someone who has purchased several homes in the past, the purchase you are making is one of the largest your will ever make. Naturally, even the most seasoned home buyers will be nervous until all the paperwork has been signed.
When a Problem Comes Up
Sometimes, problems or issues may come to light that require far more diligence. That’s where we come in. We can help you manage legal situations so that you can spend time doing other things to prepare for your upcoming move.
Chain of Title Dispute: Attorneys will conduct a title search when a person is set to purchase a specific property. A chain of title is the history of the property, dating all the way back to the original owner of the property. A chain of title dispute may occur if a third party surfaces staking a claim to the property that you are about to purchase. An attorney can help settle this dispute by doing a title search to prove the validity of such a claim. Because the way this information is recorded can vary by state, the process will require the help of a lawyer, like a skilled real estate attorney in Roseville.
Inaccurate Property Surveys: Details surrounding lot lines can get lost when property changes hands. This is especially true if the property has had various owners over the years. A real estate lawyer can help sort this mess out by putting forth the proper investigative work.
Contract Problems: Having an attorney review all contracts that are drawn up will be an important step to assuring that everything has been completed accurately. Common mistakes written into contracts include:
- Unrealistic time frames, such as the time it may take to obtain a loan or have the property inspected
- Dates not captured
- Not including all the parties in the contract
- Pages to the contract are unsigned
One of the most common mistakes people involved with real estate transactions can make is signing a contract without having an attorney look it over. By doing so you put yourself at risk of brokering a real estate deal that may be irreversible.
When we manage your real estate business, you will feel satisfied with the services we provide you with. Having someone to call should an issue arise throughout the process will help you sleep at night until you are in your new home.
Thank you to the Yee Law Group for providing their legal insight on hiring a real estate lawyer.