A lawyer is a person who can give legal advice, draft contracts, help with lawsuits, anything related to the law. Many people don’t consult with a lawyer when they should. Take advantages of the services of a lawyer, depending on your situation. When buying property, writing a will or trying to untangle your taxes, a lawyer can be a great help.
Role of Real Estate Attorneys
Buyers should strongly consider using a qualified, experienced real estate attorney whenever buying property. It may be single largest transaction of your life. Why take the risk that something might go wrong? While you may not need the attorney in most cases, you never know when a deal is going to go bad.
Real Estate Attorney Will Make Sure Agent’s Deal Is Legitimate
A real estate deal an agent presented to a seller looked unusual, but a good real estate attorney would make sure the deal is legitimate. Ilyce advises a reader who is selling their farm and was approached by his real estate agent with an unusual deal. A real estate attorney will examine the deal and make sure the real estate agent's offer is legitimate.
Buying And Selling Property Without Lawyers
Is buying and selling property without an attorney or agent possible? When purchasing real estate, you're better off having an attorney who knows the process, state requirements and what documentation is needed. Most real estate attorneys charge just a flat fee to assist you with the purchase or sale of a home from beginning to end.
Difference Of Opinion With Your Lawyer
It isn't unusual for lawsuits, settlements and negotiations to take a very long time. If your attorney is unwilling to listen to you, you must find one that will. Sometimes an attorney and his or her client will disagree on tactics or settlement issues. But if there are fundamental differences of opinion, and you and the attorney cannot agree on how to proceed, then you need new counsel. However, just because you're losing the case, doesn't mean the attorney has done a poor job or does not have your best interests at heart.
Selling Your Home: Get A Good Real Estate Agent, Home Inspector And Attorney
In this column Ilyce gives advice to home owners who are planning to sell - get a good real estate agent, home inspector and attorney. People who are selling their homes need a good real estate agent, home inspector and attorney in order to get the best results from selling their homes. Find a real estate agent, home inspector and attorney whom you can trust and whom you can get along with - since you'll be spending a lot of time with them.
Verbal Easement Affects Property Inheritance
When neighbors agree to property access through a verbal easement it may pose problems for future property owners. The terms of the easement may be unclear and may affect the use of the property. Easements may allow property access but don't change who owns the property. To fully understand a verbal easement it may require hiring an attorney.
Dividing Property Into Multiple Lots
A home owner with five acres of land wants to divide and sell the land. There is a lengthy process to subdivide your land. The first thing you need to do is find out is the zoning classification for your property. You need to determine the minimum lot size requirements and other zoning restrictions for your property. Your city or village hall should be able to assist you in determining the zoning classification and other zoning requirements for your land. You should probably talk to your local building and zoning department and ask someone to walk you through the process.
Estate Planning: Joint Tenant Ownership Of Parent’s Home, Or Will Estate Later?
Should you add your name to your parent's house as a joint tenant or whether the home should be provided for in the will as part of your parent's estate planning? Ilyce explains what would happen if you became a joint tenant, such as whether the IRS would levy a gift tax, as the make estate planning decisions. Ilyce outlines several options as far as estate planning, joint tenant ownership, and whether you should purchase the home from your parent and apply for your own mortgage.
Property Tax Refund Depends On Local Laws
Can you get a refund of property taxes if you overpaid due to your home being misclassified by your locality? It depends on where you live and how long it's been between your overpayment and when you bring it to the county's attention. Even if you can't get a refund of property taxes it may be some solace that you know you'll pay the correct amount going forward.
Mortgage Transfer to Relatives Before Giving Home
If you give your home as a gift to relatives without checking to see if the mortgage loan is assumable, as the former homeowner, you are still responsible for the mortgage. The situation is worse if mortgage is still in your name but the deed is in the name of your relatives. As the former home owner, you are responsible for all the mortgage payments, and need to either refinance the mortgage in your relatives' names, or transfer ownership back to yourself.