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Real Estate Law

by | May 26, 2022 | Firm News

Real Estate Law is the study of the rules and regulations that govern the buying, selling, renting, and financing of the property. 

Real estate law is often divided into two categories: private law and public law. Private law pertains to disputes between private parties (i.e., individuals or companies) and deals with contracts, liens, deed issues, zoning laws, property taxes, and more. Public law pertains to disputes between government entities and includes eminent domain claims, building codes, and zoning laws. 

Real Estate Law also touches on other areas of law such as contract law (e.g., when one party breaches a contract), property law (e.g., when one party wants to take possession of real estate), and business law (e.g., when one party fails to pay rent). 

Buying a Home 

So, you’re thinking about buying a home? 

That’s great! Because we think buying a home is one of the best things you can do for yourself. 

But it’s also a big commitment, and there are a lot of details to keep in mind. We’ve put together this guide to help you understand what you need to know before you take the plunge. 

Figure out how much house you can afford 

You can use calculators to get an idea of how much a mortgage will cost in your area, but be sure that it takes into account any upfront costs (like closing costs) and maintenance fees that might come up later, and don’t forget to factor in property taxes–they’ll probably increase over time! 

What kind of house do you want? 

A condo? A single-family home? An apartment building? Consider which type of property fits best with your lifestyle and needs, and make sure it meets those needs. For example, if you have kids or pets who will be living with you, consider whether they have enough space for their toys and other belongings. 

Selling a Home 

Selling a home is complicated, so you need to know what you’re doing. Attorney Little can help you through the process. 

If you’re a homeowner and thinking about selling your property, it’s important to understand that there are a lot of steps involved. The first step is to find out how much your home is worth in the current market–something that can be done through an appraisal or an estimate from websites like Zillow or Trulia. Next, you’ll need to consider any conditions that affect the value of your home. For example, if there are issues with water damage or mold growth in your basement, this could lower its value significantly because potential buyers may worry about structural problems or potential health issues related to mold exposure. 

Owning a Home 

Owning a home is a dream that many people share. But it’s a dream that can turn into a nightmare in the blink of an eye. In this post, we’ll explore some common ways to protect yourself from unexpected legal issues when you’re buying or selling real estate.  

Make sure your lawyer has experience with Real Estate Law 

Real estate law is complicated and nuanced, and you want to make sure that the person representing you on this matter has extensive experience in dealing with real estate transactions. Otherwise, they may not be able to handle any complications that may arise during a closing. 

Get all documents reviewed by an Attorney before signing them 

Any Document signed during closing must be reviewed by an attorney before being signed by both parties involved in the transaction-that includes sellers and buyers! Some documents could contain clauses that are unfair or even illegal, so it’s important to get these documents checked out before they become legally binding agreements between buyer and seller. 

If you have questions about this post, call 813-279-1140.