Purchase and Sales Attorney in King of Prussia, Pennsylvania
According to statistics from the National Association of REALTORS®, about 5.34 million existing homes and 682,000 newly constructed homes were sold in the United States in2019. Buying or selling real estate property involves several processes, including negotiating the purchase price, conducting due diligence, drafting contract agreements, and handling all of the necessary paperwork. An experienced real estate attorney can help you through this process by interpreting vague or unclear terms and resolving title issues.
If you're considering buying or selling a real estate property, it is important that you hire a knowledgeable Pennsylvania real estate law attorney for proper guidance. I am dedicated to providing experienced legal services and knowledgeable guidance in real estate legal matters. Whether you are buying or selling a commercial or residential property, I can provide the comprehensive guidance and advocacy you need to navigate key decisions.
At The Downey Firm, LLC, I proudly represent homeowners and businesses across King of Prussia, Pennsylvania, and the surrounding areas of Philadelphia County, Montgomery County, and Bucks County.
Why Do You Need an Attorney?
There are several reasons why you should work with an attorney for the purchase or sale of a real estate property. An attorney can:
Help you understand the law and appropriate practices for your area
Review complex paperwork
Make sure agreements are properly worded to mitigate ambiguity and issues
Address legal issues that agents aren't equipped to handle (i.e., illegal home additions, property uses, and landlord options)
Interpret unclear terms and help settle last-minute disputes
Focus on your best interests, rather than just completing the transaction
What Aspects of the Process Can They Help With?
An attorney will be able to help you with the following processes involved in any real estate traction:
Drafting and Reviewing Contracts
A real estate attorney can help draft and review a sale contract or purchase agreement and ensure that the agreement is in your best interest. A lawyer can also explain the content of the agreement to both the seller and buyer and make necessary adjustments to reflect your desires.
Upon signing the purchase agreement, you will need to establish the state of the seller's title to the real estate property to satisfy the financial institution and the buyer. A real estate lawyer can help review the title search and help you understand the title exceptions as to what is insured and what is not. Also, the attorney can enlighten you about how any easements and legal restrictions imposed on the property by the previous owner could affect your ability to own or sell the property.
Disclosure is a document given to the homebuyer by the seller documenting their knowledge about the condition of the property. Even after conducting an independent home inspection, an attorney can help ensure that the home is in the exact condition as stated in the disclosure. This way, you can protect yourself from liability due to hidden defects not disclosed by the seller.
Closing procedures are an important step in every real estate sale or purchase. An attorney can help prepare the deed and closing statement and explain the closing costs. The attorney can also help negotiate the closing cost. After signing the deed and closing statement, the lawyer can help ensure that the documents are executed appropriately.
Work With a Knowledgeable Attorney
Buying or selling a home remains one of the most significant transactions anyone can make in their life. Likewise, a typical real estate transaction involves various laws and legal terms that are specific to real estate. Thankfully, a knowledgeable Pennsylvania real estate law attorney can provide detailed guidance and help prepare and review documents relating to the transaction.
I have devoted my career to offering comprehensive legal guidance and strong advocacy to clients involved in real estate transactions. As your attorney, I can review your personal situation and explore your legal options. I can also help negotiate terms of sale, draft and review contracts, purchase agreements, and other legal documents, calculate transfer taxes, and settle property tax issues. I will work diligently to protect your rights during the closing, address your needs, and make the transaction smooth, legal, and successful.
Purchase and Sales Attorney
Serving King of Prussia, Pennsylvania
If you want to buy or sell a real estate property, call my firm — The Downey Firm, LLC — today to schedule a one-on-one consultation. I can offer the experienced legal counsel and advocacy you need to navigate key decisions and achieve peace of mind. My firm proudly represents clients across King of Prussia, Philadelphia County, Montgomery County, and Bucks County, Pennsylvania.