For most people, hiring an attorney appears to be a huge and unnecessary expense especially when buying property. This is because the transactions are often relatively simple since the properties are usually well defined. Besides, most of the major legal issues can be handled by real estate agents or the lenders having a stake in the property. However, some purchases should be handled by Estate Litigation Attorneys in Annapolis MD.
Consulting a lawyer prior to purchasing a property can potentially help you in avoiding future problems, while putting you in a competitive position should problems arise later. It is especially essential to consult an estate litigation attorney in the following circumstances.
* Where the contract contains some ambiguous terms and conditions that you do not quite understand.
* In case you have reasons to believe that the terms of the contract are not reflecting statements of intent or previous agreements.
* Where there are missing terms in the contract.
* In case you feel that the terms of the contract are unreasonable, unfair or unenforceable.
* Where the purchase involves such conditions, that must be fulfilled in between purchase and possession.
* Where the purchase involves a plurality of such parties as owners, developers and builders among others.
* Where the property in question is not clearly defined within the contract, or it appears different from what you anticipated.
Consulting with your attorney at this point will allow the lawyer to assist you in figuring out what you are getting yourself into. They may also recommend a revision of the contract that will clear up the misunderstandings. You may also need to hire a real estate litigation attorney in the event that there arises contract disputes over the terms of sale. Such instances include:
* Failure of the seller to perform specified repairs or improvements.
* Refusal of the seller to vacate the premises within the specified date.
* In the event, that the seller leaves behind large debris or huge equipment.
* In case some of the equipment or property that are included in the contract are missing.
* Where the property tax and utilities are not paid as specified in the contract.
Your lawyer will assist you in getting the seller to comply with the aforementioned terms. In case you are looking for a reliable Estate Litigation Attorneys in Annapolis MD, visit Karpouzianlaw.com. You can visit their Facebook page for more information.
