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Benefits of Hiring a Real Estate Attorney

November 2nd, 2013 4:54 am

Buying a property is perhaps the most important investment decision in a person’s life. Whether you are planning to buy a new property or sell an existing one, the first thing that you need to do is hire a credible real estate attorney. There are many factors that you need to consider. One wrong decision on your side can very well jeopardize your chances of making a sound investment. Hiring a real estate lawyer will protect you against unforeseen events and ensure a low-stress closing. Here are top benefits that a real-estate lawyer can bring to you:

Check the Fine Print. Many times the documents you receive are as thick as a phone book. An attorney will take those documents apart and check every inch of it for inaccuracies. Too often buyers of homes in common interest developments like condominiums and townhouse projects don’t read and understand the Conditions, Covenants and Restrictions (CC&Rs) that cover their ownership interest. A real estate attorney who has experience with condominiums can point out the important elements of the CC&Rs, so you don’t find out later that your ownership rights are restricted.

Make Sure It’s Legal. A real estate attorney will know if it just won’t fly. A real estate agent can’t give legal advice unless he or she is also an attorney.

Check Title Issues. If there is anything the title report you don’t understand ask the title officer for an explanation. Talk to a real estate attorney if your questions aren’t answered to your satisfaction. Problems with a title issue can be disastrous and the cost of defending your property can be substantial. Often, attorneys will examine title to the property as part of the purchase transaction. Stay ahead of the game.

Give Legal Advice on Pending Litigations. Many condominium associations are involved in pending litigation, and an attorney’s opinion of the probable outcome will keep you from investigating in a losing proposition.

Ease Your Mind. If you have a decent amount of money at stake, you may want to protect your assets by bringing in a real estate attorney. The question is – who is watching out for you interest? If the sellers are unreasonable in their requests or they request something out of the ordinary, it’s a good time to bring counsel.

Be sure to consult an attorney who specializes in real estate law. Ask your real estate agent or your attorney to recommend someone who has expertise in real estate.

How to Locate the Right Home Builder

August 20th, 2013 8:01 am

For those, who want their new house to be constructed from scratch, finding a reliable builder is a very important requirement. Having a good builder is very necessary as the builder will be in charge of the construction of your house. If you want to locate the right builder for your new house, here are some criteria to consider:

Reputation
Look for an established builder with an extensive client list.

Area of operations
Choose a builder who is familiar with the area where you want your home to be built. Local knowledge is important because residential construction is very regional in nature. An out-of-the-area builder might not be prepared to handle variations in local building codes, subcontracting practices, inclement weather patterns or other factors.

Type of home
Select a builder who has extensive experience constructing homes in your price range and general design style.

Compatibility
Building a home is a highly personal and emotional experience. That’s why you’ll want choose a builder with whom you’ll feel comfortable.

Warranty
The builder should be willing and able to offer you a comprehensive written warranty on your new home.

Financial stability
Some builders run their businesses better than other builders do. Make sure the building company you select is financially viable.

Financial strength
Success in the home-building business is earned by building a quality product at a fair price. A builder who is financially successful likely will still be in business during the warranty period for your new home. Further, successful builders are in the best position to contract for the services of top subcontractors and suppliers-the people who will actually build your home.

Beyond these factors, the most important consideration is the quality of the builder’s homes. Cost is not a direct measure of quality. Rather, good quality is the merging of good design with appropriate products and materials that are installed with superior workmanship. The most expensive window might not look or perform any better than a substantially less expensive window. But improper installation of that window will diminish its quality, regardless of its cost. Generally, costly finishes and fixtures won’t offset shoddy application or installation.

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