What legal issues commonly arise during a real estate transaction?

Residential real estate transactions are known for being complex and overwhelming, regardless of whether you are the buyer or the seller. There are a number of different factors that may come into play that require the guidance of an experienced real estate attorney who can make sure your best interests are protected. Due to the fact that so much money is involved in a real estate transaction, individuals are somewhat more prone to disagreeing with each other for many different reasons. Another common issue that is seen in real estate transactions is that the seller believes their home is worth much more than it truly is because they have an emotional attachment to it. Of course, listing a home at too high of a price can backfire for the seller. This is typically the case in For Sale By Owner listings.

Some of the other issues that may require an attorney to step in include:

  • Real estate scams
  • Ensuring all mandatory disclosures are made
  • Titles and liens
  • Liability of code violations and zoning issues
  • Negotiations with the other party regarding price, closing costs, and repairs
  • Closings
  • Mortgage Contingencies
  • Concession

Regardless of whether you are buying or selling a home, it is important to consult with an attorney. When real estate matters become more complicated due to purchasing a For Sale By Owner property, a short sale, or completing a double closing, an attorney can guide you towards a successful resolution and work to make sure your interests are protected.

If you require the services of an experienced Montgomery County attorney who focuses on residential and commercial real estate matters, please contact Friedman Schuman today to schedule a consultation today.