Even though the Florida real estate market has declined since 2006, the purchase or sale of a home is still one of the most important decisions of most people’s life. Real estate and mortgage fraud was rampant during the bubble; the consequences are felt now. “Foreclosure”, “short sale” and “deed in lieu” are the new buzz words. Unmarketable property titles, liens, and uninhabitable properties are an everyday concern.
If you are buying or selling a home, having a real estate attorney is just as important as having a realtor. Real estate attorneys don’t guess about legal matters, they have to know. It is common for parties to get to the closing table and have something unexpected ruin the deal. Surprises are not welcome at the closing table. If you are buy or selling a home it is essential that you have an attorney represent you. Many times, an attorney may pay for himself by negotiating fees in your favor.
If you’re buying a home, your attorney will:
- Help you understand the contract.
- Advise you on the best way to title your property depending on your specific situation.
- Prepare and register all the legal documents.
- Check that there are no covenants, easements, liens, etc. registered against the property that will affect your use of it.
- Verify the mortgage documents to ensure you get the terms you were promised.
- Assess the adjustments, including taxes owing and utilities costs paid, prior to the transaction closing.
- Attend the closing and review all the papers you will be required to sign.
- Arrange title insurance to protect you in case of a title defect.
If you’re selling a home, your attorney will:
- Review the binder and prepare the purchase and sale agreement, including negotiating its terms.
- Prepare the deed.
- Deal with title issues as they arise and correct them.
- Attend the closing and review all the papers you will be required to sign.
- Arrange for transfer of security deposits.
- Arrange for insurance certificates if needed.
Residential real estate transactions require knowledge in the areas of land use law, contract law, tax law, and financing. At Wild, Felice & Partners, PA, our attorneys understand these areas and work together to manage every aspect of your transaction. Whether you’re buying or selling residential or commercial property, we will work closely with you every step of the way to ensure your transactions are executed legally and efficiently. We will provide you with a pre-sale consultation, and we will discuss, in advance, the details your transaction.
Please contact us at (954) 944-2855
