Understanding Real Estate
Are you looking to get involved in selling or buying real estate? Understanding real estate is your first step to getting involved. Here is what you need to know.
Understanding Real Estate | How a Real Estate Agreement of Sales Protects the Buyer
The buyer is protected in that the seller has to provide a Property Condition Disclosure Statement at the onset of the proceeding. That Property Condition Disclosure Statement is part of the contract; it’s enforceable.
If you find out after closing that you’re mislead, or you’re lied to, you have recourse against the seller for those types of things. In addition, there are documents that need to be provided from a title perspective. These documents wil be examined by Buffalo Real Estate Attorney Randy Gugino to make certain that you are getting good, marketable title to the premises.
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Understanding Real Estate | Biggest Mistake Made When Buying or Selling Properties
Buffalo Divorce Attorney Randy Gugino believes the biggest mistake in acquiring a residence is falling in love with the house before you really know what its value is. It’s important that you have a real estate broker, that you have an attorney, who’s going to be able to apprise you of what the market in that area is.
It’s essential that you have a general understanding of what the conditions of those properties are in that area. If there’s an issue with regard to sink holes, an issue with regard to asbestos, you want to know these things as you’re investigating whether or not you want to buy the house. Before you fall in love with the house and decide this is the house for you, find out the answers to those questions so that you can be comfortable with the house for many years to come.
Understanding Real Estate | Issues That Can Arise from a Real Estate Transaction
One of the main issues with regard to a real estate transaction in buying, and then selling a house is to make sure that you are going to be able to coordinate and communicate those transactions. It may sound easy, but there are so many circumstances that can come up.
Buffalo Real Estate Attorney Randy Gugino says people have to accommodate one another, and everybody’s got to get their work done. Title searches, surveys, grid requirements all have to be complied with, and everybody has to be on the same page from a timing perspective. It’s important that we communicate, and now-a-days it so easy to do so with emails. You communicate where you are in the process of your transaction to the other parties so that everybody coordinates at the same time.
If you have any further questions about understanding real estate, please call our office today for a consultation.
