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Purchasing a Home

Buying a home should be an exciting time in one's life. However, it is also one of the most expensive transactions that one will make in their lifetime; therefore, it should be guaranteed that it is done right. An exciting moment can quickly turn to disappointment and frustration if something goes terribly wrong for the buyer. Don't let this happen! 

Are you or someone you know about to purchase a home? Contact a Residential Real Estate Lawyer today.

Advantages that a residential real estate lawyer can offer a home buyer include the following:

  • Reviewing mortgage contracts
  • Reviewing home purchasing contracts
  • Assistance during the closing process
  • Existing disputes

Many home buyers feel that just having the aid of a real estate agent is good enough for their home purchasing transaction. While having a real estate agent will help, it does not compare to the knowledgeable that a qualified real estate lawyer can offer. Some people even go into the process without a real estate agent! This is even more of a reason to contact a residential real estate lawyer.

A residential real estate lawyer does not only help those who are about to purchase a home. A residential real estate lawyer can also help buyers who have already purchased their home, but are now having disputes with the seller for whatever reason. Whether the home has already been purchased or the home is about to be purchased, a residential real estate lawyer can help provide the solution and legal advice that is needed.

Are you or someone you know about to purchase a home? Contact a residential real estate lawyer today.

 

 

 
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  Did You Know?
 

The garage is not considered in the square footage of a home.
A garage that is attached to the home is not considered part of the home's square footage.  Only livable space is considered in the square footage calculation.

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RESPA protects certain types of transactions.

Federally related mortgage loan transactions, such as loans secured by a lien on residential property. This includes: refinances, home purchase loans, lender approved assumptions, equity lines of credit, property improvement loans, and reverse mortgages.

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According to real estate case law, second mortgage tax deduction on undeveloped land is not allowed.

Real estate case law states that you must have begun construction of a building on the land that and occupied within 24 months to submit a tax deduction. Otherwise, the land is an investment and the interest paid on the second mortgage does not qualify.

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