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Benefits of Hiring a Real Estate Attorney

Saturday, November 2nd, 2013

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.

Home Insurance

Monday, June 4th, 2012

Everybody dreams of owning their own house someday. And once you achieve your dream you cherish it and take good care of it. You just can’t help but feel proud of being able to live in a house of your dreams. But the dream does not end in there; you need to secure it by protecting it from any untoward incident, unexpected calamities, and disasters. One way of protecting your house is by having a good home insurance plan for it. A good home insurance plan does not cover only the structure of the house but it goes beyond that. It also covers the personal loss, medical expenses incurred, animal loss, and mental stress among others. In cases of fire, your home insurance plan covers burned down houses and all its personal properties and belongings.

Since the value of home properties are higher and it also involves higher risk. You need to insure your home at its replacement cost, how much it would cost you to rebuild your home if it were destroyed. Being able to choose the right home insurance for your home is very important. Remember insurance may cost a lot but having no insurance cost more. So how do you choose the right insurance company without deplete your finances. First thing to do is to know the value of your property. Have a local contractor give you estimates for rebuilding your property so that you will know the replacement cost of your house. Search for not only one insurance company but at least six. So that you will be able to compare their quotes and choose who among them offers the best deal for you.

Know the company’s background and reputation especially in situation regarding claims. They may be slow in giving claims. Check too the financial capabilities of the insurance company. Are they stable enough to be able to pay claims at a short notice, You don’t want to insure your home to a company who might not be stable enough to last for a very long time .

Know what you are getting in to. Take note of every detail that is in the insurance contract. You owe it to yourself to scrutinize every detail of what is covered and what is not. The exclusions section must also be read carefully. Information is the best protection you can give to your self. Always keep records, and photos concerning the house and events that transpired that may have affected in one way or another home. In cases of robbery get police report if needed.

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