Guard Your Property, Guard Your Home
Real Estate Services
COMMERCIAL AND RESIDENTIAL PURCHASES & SALES
CONTRACT PREPARATION, REVIEW & MODIFICATION
ATTENDANCE AT THE CLOSING
HOME OWNER ASSOCIATION & CONDOMINIUM LAW
LANDLORD / TENANT LAW
Real estate is one of the most valuable kinds of property you can own, not only in terms of financial value, but also in sentimental value. And since that property is where you will spend a good deal of your time, real estate is also highly personal.
That’s why the guidance of a real estate attorney during the buying or selling of your property is so crucial. An attorney works on your behalf to ensure that the deal you make is airtight and true to the value of the real estate.
Avoid Making a Bad Deal
Due to the costly stakes involved in real estate transactions, the cumulative consequences of unaccounted factors can outweigh the benefits of a trade. In other words, too many things gone wrong during the buying or selling process can spoil an otherwise good deal and cost you more money than you had originally estimated. A real estate attorney can help you avoid these factors, which include:
1. The Quality of the House
If you are buying a house and the owner miscommunicates—intentionally or not—the state of its repair, you will need to spend large sums of money to fix those hidden damages after you acquire the property. While it may seem unlikely that a buyer could miss significant signs of poor quality, the subtler repairs often cost the most, such as leaky pipes, old ill-fitting windows, and cracks in the foundation, each of which can cost thousands of dollars to restore.
2. A Poorly Termed Contract
Another factor is that the contract drafted for the property in question could contain exploitable holes in its legal terms. Years down the road, the person who sold you that house could take advantage of the shortcomings of the contract, and if they have a strong enough case, they could charge you with a lawsuit.
After you sign a contract, you normally have just 5 days to get an attorney to review the document and make any necessary modifications. You also have a limited time to conduct professional inspections on the home and to secure your financing.
3. Chain-of-Title Disputes
If the title you are buying or selling has had an undocumented trade in its history, namely by someone who was legally prohibited from engaging in the trade, this could negate the marketability of the title. What this means is that the title itself could become unsalable, preventing the transfer of the property altogether.
Get a Fair Transaction
Don’t wait until a negative drawback ruins the real estate deal you want. Get the help of an approved real estate attorney like Douglas A. Boodt today and ensure that the final transaction is a good one. From the initial contract review to the day of closing, Boodt and his staff lend their cumulative decades of experience and lead you through the whole process so that your transaction is not only safe, but also fair.
Get in touch with Boodt here.
251 NORTH ROSE STREET
KALAMAZOO, MI 49007
15255 S. 94TH AVENUE
ORLAND PARK, IL, 60462