Real Estate Law
Ensure A Smooth Real Estate Transaction In PA
Are you buying or selling real estate in Pennsylvania? Hiring a real estate attorney in Philadelphia can be expensive, but Larry the Lawyer does it differently. His one-of-a kind, flat-rate real estate attorney services empower you by providing high quality real estate legal services at a fraction of the price.
Whether you need assistance with buying or selling, Larry Lefkowitz has almost thirty years of experience in real estate law in Pennsylvania. You choose only the services you need and get a fixed price, with no hidden fees. He can help you draft the real estate agreement, reach a settlement or do both the agreement and settlement without charging you an hourly rate.
Make your real estate transaction flow smoothly by bringing Larry the Lawyer to assist with any leasing opportunity, as either a landlord or tenant. Larry can help you with residential real estate transactions within the Philadelphia greater region, and beyond. Even the most complicated real estate matters can be solved by having a great real estate attorney in PA.
Larry Lefkowitz, Experienced Philadelphia Real Estate Lawyer
Real estate is simply land and any buildings built upon it. Real estate law encompasses who may or may not own and use a particular piece of property. While may seem like a simple concept, real estate law includes a rather wide range of potentially complex legal situations. Real estate law applies to both residential and commercial properties. Property can be owned by one person and used by another person through residential or commercial rental or lease agreements.
Land can be bought or sold and when it is, because of its high monetary value, there are many state and federal laws that are meant to ensure that real estate transactions are fairly and properly performed and recorded. It is also possible for land to pass between family members through wills, trusts, and other instruments of estate planning, and land may be owned by more than one person at a time.
Local and state governments enforce stringent rules regarding the specific purposes for which particular pieces of land are permitted to be used. Each property lot has to be used according to the area’s local zoning laws, which govern whether a property is for residential, commercial, or industrial use.
Considering the vast number of legal issues involved in the buying, selling, leasing, renting, and use of property, it is paramount to find and utilize a real estate attorney for your Bucks County, PA real estate transaction.
Real Estate Vocabulary
Title: A legal document describing who officially owns a plot of land.
Mortgage: A loan for the specific amount of the price of a piece of property. The new owner of the property must, as collateral, give the bank or lender partial ownership of the property.
Foreclosure: The legal process by which a bank or lender takes control of a property, if the owner has failed to make scheduled payments on the mortgage.
Closing: The final meeting during a real estate transaction, during which ownership of a property is officially transferred to the buyer.
Escrow: A third party for the safekeeping of funds for the future payment of insurance premiums or taxes, for example.
Real Estate Agent: A professional agent, who is licensed to perform real estate transactions within a particular state.
While Pennsylvania real estate attorneys are not legally required for most Bensalem area real estate transactions, hiring one should not be considered optional, especially for the first time homebuyer. A Philadelphia real estate attorney can review a property’s transaction history and title to make sure that the house or land is able to legally be sold and that former owners will not have the right to come back and claim that they still own the property. Real estate attorneys can also advise potential Philadelphia homeowners about all their mortgage options. They can review a contract of sale to ensure that it is fair to all the parties. Call Or Text The Law Offices of Larry Lefkowitz for affordable, flat fee real estate law services today at (215) 750-9202.
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