Buying a home as a primary or secondary residence, or as an investment property can be exciting but also an admittedly stressful and time-consuming purchase. I’ve compiled four helpful tips to note when you are considering your next purchase.
- Title Insurance
Most mortgage companies will obtain title insurance or require you to do so. Make sure you have clean title to the property and conduct a thorough title search.
- Inspection
Get a complete inspection. Sellers are required to fill out disclosures to their home; not all do so, and not all know of all the possible issues within the home. Have an inspection done as soon as possible after putting a deposit in escrow, and make sure that all items disclosed or uncovered in inspection are reported to the sellers.
- Contract
Read the contract thoroughly, or have an attorney review it for you. Make sure you understand your obligations as well as any conditions, HOA requirements, easements, etc., as well as recission periods should you decide, for whatever reason, to back out.
- Closing
Bring an attorney to closing or have one on standby. Many issues can arise at closing; it is important to be able to negotiate or resolve those issues quickly and efficiently so that the sale goes through or, you exercise your right to walk away.
Our attorneys are able to advise you on a broad range of real estate law matters and real estate transactions, including, but not limited to: real estate closings, landlord/tenant matters, zoning, and HOA issues. Should you wish to arrange a consultation, please contact us on 610-850-9036, or reach out to us online via our website.
To learn more about the breadth of real estate matters that we advise on, please visit our Real Estate and Property Law page.