You've found your dream home in Huntersville, and it's
everything you've been looking for. It's in the right location, has all of the
required bathrooms and bedrooms and everything looks good. What you can't see
or know about is that there may be hidden problems that trip up your ability to
buy the home. You need a Real Estate Lawyer Huntersville NC on your team to
ensure that no problems arise when you go to close on the property.
The title to the property can post the biggest issue, even a
threat, to your ability to close. The homeowner who is selling may have not
paid their bills, and liens have been attached to the home to ensure payment.
These liens lie in wait and are supposed to be paid the moment the house sells.
However, these liens are not your problem as you are not the one that initiated
them. Your real estate lawyer Huntersville, NC, can help with putting these
liens to rest by making sure that the seller takes care of them in order to
clear the title. Keep in mind that a mechanic's lien is easier for the seller
to deal with than an IRS tax lien. The IRS always gets its money, and can
complicate the sale, even with the help of a lawyer.
There are other issues that can arise, such as a restrictive
covenant or deed that restricts use of the property for certain activities. For
example: an old campsite is being sold for development for a handful of homes.
You want to purchase a lot and build your own home on it. Your attorney does
the research on the campsite only to find that there is a covenant that
restricts use of the property to a campsite only. Nothing else can be built on
the land. For whatever reason, the seller wasn't aware of this or was covering
it up, but your attorney caught the covenant, saving you from a costly mistake.
A real estate lawyer can protect you from many issues that can
make your purchase go bad. She can save you a lot of money and aggravation by
finding troubles and steering you clear of them. Contact one if you're
considering buying a home and have questions.
Post a Comment