When my husband I decided to start a business, we didn't think about the legal aspects of doing so. We didn't realize that purchasing business insurance, getting building permits and making investments all required some type of legal advice. But after speaking to a close friend, who also happens to own a small business, we contacted a business attorney. Now, we have the legal smarts to make the best decisions for our business, as well as the legal representation in case something happens to our company. I hope that you find my blog helpful and informative for your own business. It's a great resource for finding the legal advice, resources and guidance you need to get your company up and running.
When purchasing a piece of real estate, a real estate agent is an important asset who will help you out throughout the process. However, unfortunately, some real estate agents are not trustworthy and you might need to hire a real estate attorney to assist you if you encounter legally dubious issues involving your real estate attorney.
Some Real Estate Agents Exaggerate the Value of Real Estate
A real estate agent will often take you to a market that is near the top of your budget and will then tell you that the market is about to explode. This is a tactic some real estate agents use in order to maximize the amount you are expected to pay.
The real estate agent receives a percentage of the home sale and will want the home price to be as high as possible. However, you should always contact a real estate attorney if you suspect fraud.
Real Estate Agents Aren't Allowed to Create Misleading Property Descriptions
A real estate agent will create a description that is meant to be as appealing as possible. However, the description will sometimes be misleading and you might encounter a bait-and-switch. Sometimes, the listing will include "buyer agent to verify all information" which means that the information is considered to be reliable but is not guaranteed.
You are not allowed to be discriminated against on a basis of your race, gender, sexual orientation, nationality, marital status, disability, or age. In some cases, an agent might attempt to discriminate by claiming that there is a buyer that doesn't exist. If you believe you are being discriminated against, you should contact a real estate attorney.
When You Haven't Received Your Keys Yet
After you have purchased a piece of real estate, you might wonder if you will receive the keys to the real estate right away. However, the money needs to exchange hands before the home can officially be placed in your hands.
Banks can wire funds relatively quickly. However, if you close at the wrong time, you may need to wait until after the weekend to receive the keys to your new real estate. The closing process is officially over when the documents have been signed and the money has been transferred. Then, you must be allowed to take possession of the real estate. However, if you are concerned about the fact that you haven't received the keys yet, it doesn't hurt to consult with your lawyer. An attorney can always inform you of the next steps you should take.
Reach out to a real estate lawyer for more information.