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Buying or selling a home is one of the biggest stressors in life
That’s why Lopez Law Group is here to guide you through your residential real estate needs. The real estate market can be regulated by complex laws. Our professional team ensures they stay on top of these laws at all times to best assist you.
Things you might want a Florida residential lawyer for
The most important step in purchasing or selling a home is the contract. It is absolutely critical that you have a professional set of eyes to look it over. It’s going to be a big asset and the paperwork deserves attention. Before signing, there are certain things to consider such as:
- Is the purchase contingent on matters like financing or acceptable terms of the sale?
- When can the buyer take possession?
- What land, furnishings, and buildings come with the offer? Are appliances and fixtures (which can run costly) included in the price tag?
- Who is paying for the examination of the title?
- If it’s new construction, what utilities have been installed?
- Are there any inspections required by the municipality?
When you buy a home, you will at some point during the process need to get the property inspected. This involves hiring a residential real estate inspector to come in and do a full inspection of the property. This person is typically hired by the buyer to look over the home and make sure everything is in accordance with state code. There are typically two inspections done on a property:
Buyers Inspection– this is the inspection done by the person who is purchasing the home and is meant to ensure that the property is free of all hazards. The inspector you hire will take a few hours and go over everything in the home and will likely be there for a few hours. You can be present during this home inspection and the inspector should show you the deficiencies in the property. The inspector should look at both the interior and exterior of the home and alert you to potential safety issues. The most common things that the inspectors look for are issues related to the following:
- Damage from water issues
- Any structural issues
- Issues related to roof damage
- Electrical system problems
- Issues related to plumbing in the home
- Pest control issues
- Issues with the air conditioning and heating systems
- Sellers Inspection– the seller’s inspection is the inspection that the seller has before the home is put on the market just to make sure the house is in the proper order to put the home up for sale. Any issues that are found will enable the seller to remedy the issues before the home is placed on the market.
Negotiation of Purchase Agreement
When it comes down to buying a home, you want to make sure you are getting the best deal possible, and you may have general questions about the sale agreement itself and the terms contained therein. Make sure you understand which terms of the agreement are negotiable. As a buyer, you will want to make sure you understand what your obligations are once you sign the agreement. Understanding what a seller’s disclosure statement is and what to do with any issues you may see therein is important. A mortgage contingency which states that the sale can only happen if certain conditions are met is also very important. Knowing your obligations and what needs to be done is key to forcing the sale through. Many of these are negotiable and knowing what can be negotiated and what cannot is extremely important when it comes to sale or purchase of a property.
Title Search and Insurance
Here at the Lopez Law Group, we can assist with title searches and title insurance. When you purchase a property, you always want to make sure that the property is free and clear of any defects. Having an attorney look into the title issue instead of a title insurance company will ensure that if any defects do show up, they can be handled quickly. A title insurance company would simply bring on an attorney to help clear the title if need be, but that can delay the process significantly. Having an attorney do that from the beginning will ensure that any title issues are cleared up in time for the closing. Title insurance will need to be secured which will guarantee that if anyone makes a claim to the property in the future you will be covered and will not need to pay to defend that claim. The title insurance company will step in and settle that claim on your behalf.
If you are a landlord or a tenant, having an attorney look over the documents that you are signing is extremely important. Lease agreements often times contain terms which affect the lease period. Knowing who will be responsible for damages and the notice requirements if you wish to break the lease are key. As a landlord, the last thing you want is to have a tenant sign a lease which is not up to the legal standard. You could find yourself on the losing end of a potential claim against you if you do not make sure the language is concrete
As a tenant, make sure you understand going into the lease what your duties are. Knowing what you will be responsible for as far as damages go and knowing when you will be entitled to get your security deposit back is extremely important. Damages which constitute normal wear and tear do not entitle a landlord to retain your security deposit. The attorneys here at the Lopez Law Group are here to assist both landlord and tenants with issues they may have related to the rental of a property. We can draft documents for landlords to give to tenants and we can review documents that tenants may need to sign to ensure they are legal and contain all the necessary provisions.
At the Lopez Law Group, we are also able to assist with real estate closings. As an attorney who assists with closings, we are able to coordinate with all parties involved to make sure the sale goes smoothly. We will communicate with lenders, buyers and the seller to make sure that everything is in order. We also will help communicate with the brokers, any surveyors, insurance companies, inspectors, appraisers, tax departments, contractors for the property, and HOA members.
All of this coordination will lead to a timely transaction and one that you can feel comfortable signing. We will review all of the documents with you on the day of the closing to make sure all of the information is correct and can answer any questions you may have related to the deeds, notes, deeds of trust, settlement statements and disbursements. As the attorney who is handling the closing, we also will assist with disbursement of the money to all of the appropriate parties after the real estate transaction has been complete.
The list of services we offer goes on. This is why you need professional counsel to review this type of documentation and guide you towards informed decisions. Simply consulting with an attorney could mean the difference between getting stuck with a money pit or living in your dream home.
Our initial goal is to understand your needs. That way we can offer a customized set of services that make your residential real estate process smooth. Our firm has years of experience in Florida Real Estate Law and thus serves the Tampa Bay market best. Whether you need simple advice or committed representation in court, we’re here.
Turn to us for world-class legal support in the following areas:
- Purchase and sale contract reviews
- Contract litigation
- Lease disputes
- Inspection issues
- Foreclosure mortgages
- Planning hearings
- And more…
We are here to work for you! At the Lopez Law Group, we pride ourselves on client satisfaction and our clients needs always come first. You can rest assured that we will diligently work on your behalf and will make sure you are getting the best deal possible. Whether you need assistance with the sale or purchase of a home, or of you are a landlord or a tenant and want to make sure your rights are protected, we are here to assist. We can be reached at 727-933-0015. Our consultations are free and we can speak with you about the matter and give our opinion as to whether or not we would be able to assist.