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.
Do I Really Need A Real Estate Attorney To Buy A House In Pennsylvania?
Some states legally require real estate attorneys for all property transactions. While Pennsylvania doesn’t require an attorney by law, that doesn’t necessarily mean that you don’t need one. It is true that real estate transactions have become quite standardized, and it is entirely possible that you and your agent will be able to fill out the required paperwork without any issue in most cases.
There are times, however, when buyers can face troublesome contractual issues with very significant consequences. These issues should always be handled by a real estate attorney in Philadelphia. If you or your real estate agent become even the slightest bit concerned about a certain legal or contractual issue, it is best to immediately seek out a Bucks County real estate attorney before it’s too late.
There are several issues that commonly come up in a real estate transaction. For example, perhaps there is a tenant living on the property you’re buying or you find out that a lien has been placed on the property. You are probably unsure of the implications of these discoveries. When it comes to any type of surprise in the middle of a real estate transaction in Philadelphia, a real estate attorney should be involved.
How Do I Find The Right Real Estate Attorney?
The internet is an excellent tool to start with when looking for a real estate attorney in Bucks County, PA. When you find a real estate attorney that you’re interested in working with, speak with him or her on the phone first. Consider asking the following questions before proceeding to agree to form a professional relationship:
- How long have you been practicing real estate law? It would be difficult to imagine an issue or a case where you would not want to work with a Philadelphia real estate attorney who had as much experience in the real estate field as possible.
- How many cases similar to mine have you handled? If a real estate attorney has dealt with cases similar to yours in the past with a positive outcome, it is more likely that he or she can offer you a positive outcome as well.
- How exactly would you handle my case? An experienced real estate attorney will be able to give you a rundown of exactly the kind of strategy they would use in your case.
- How will I be billed? You should always find out an attorney’s billing structure before signing a fee agreement. Ask about their rate and whether they bill hourly or use flat rates for certain services.
- Will anyone else be working on my case? If your attorney will be delegating work on your case, it is important that you are comfortable with anyone else who will be involved.
- What happens after I hire a real estate attorney?
- Once you’ve found the right Bucks County real estate attorney for you, he or she will make sure that everything about your transaction is legally binding and in your favor.
Larry Lefkowitz, Experienced Philadelphia Real Estate Lawyer
Real estate is simply land and any buildings built upon it. Real estate law determines who may or may not own and use a particular piece of property. While it 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 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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