For Sale By Owner
Buying a home can be a daunting experience. Whether you are buying your first home or leasing a unit in a commercial building, it is crucial to obtain advice from an experienced lawyer. Many sellers and buyers, concerned with saving money, conclude that they do not really need an attorney. However, the costs associated with retaining an attorney for the purchase or sale of your home are far outweighed by the benefits.
An attorney can help you seek title insurance, review loan documents, help prepare purchase agreements, review zoning changes, handle real estate litigation, all things that may seem complex and overwhelming to handle yourself.
Mistakes or omissions during the process of buying can cause you some major headaches down the road. For example, an attorney can help make sure there are no title defects related to your property and help you secure personal title insurance. If you do not retain an experienced attorney, and there is a title defect down the road, you would need to file a quiet title action. This can cost in excess of $5,000.00 in Florida and take years to conclude. The most important step in buying a home is the drafting and signing of a purchase and sale agreement. It is best to have your own attorney review or help draft this agreement, since once it is signed, most provisions cannot later be changed.
Another reason to use an attorney is for filing purposes. Many real estate deeds often need to be filed at the county and state level. Our attorneys will be able to do this easily and effectively. If a deed is not filed, or filed improperly, the outcome could be an excess of income or estate taxes brought upon the buyer or seller as their responsibility. If a building permit is not closely checked over or filed improperly, owners may incur fines or even face having to rebuild.
For many individuals, the purchase of a home is the most expensive investment of their lives. However, the Real Estate Lawyers at the Dean Law Firm know that Ocala residents and others can find these matters challenging to handle. Call us today at 352-387-8700 or contact us via our online form. We also represent clients in Marion County and other communities throughout Levy, Sumter, Citrus, and Lake Counties.