These days more and more consumers are getting to know the importance of real estate law in their lives. Homeowners, renters and landlords alike all come across the same hurdle when it comes to the world of real estate and in my experience it almost always involves legal procedure. The dreams that property ownership can fulfil are many but an equal if not greater number of dreams can be shattered by not knowing the rights and entitlements that surround ownership or renting. In this article I look at what characteristics to hold close when looking over any property contract and how to know whether you are doing things correctly.
First up, check the fees. Over at Duren Law Offices we have dealt with hundreds of customers who have misread contracts and jumped into a deal without checking over what is going to hit their pockets first. Fees can escalate into the hundreds of thousands depending on the state you are in and the local laws surrounding property, so it pays to look outside of the contract and into the area you are moving to before anything else. Remember, a contract is never just a singular thing, it extends into many other pockets of law that must be touched upon first for the contract to make total sense.
Another popular hiccup we witness clients making over at Duren Law Offices is that of making offers on properties. Clients who are dealing with slippery owners or landlords make the mistake of not drafting their offers properly and having them overturned or rejected in the face of other offers later on. This is why it is important to always consult a legal professional when it comes to making offers on properties. Knowing a little about the owner and previous deeds on the property will go a long way before anything else, so don’t be afraid to do some research. As always I recommend myself and my team at Duren Law Offices for such procedures and I hope that I can be of assistance to any client in need in the near future.