Roanoke, Virginia Real Estate Attorney
At the law office of Wilson Law Firm, PLC, our staff confidently handles many different types of complex real estate matters for clients throughout Roanoke and the surrounding areas. Through attorney Doug Wilson's professional guidance, we strive to make real estate cases understandable for our clients. By explaining their options in terms that everyone can understand, clients can effectively participate in making important decisions about their real estate matters.
The information below is provided in hopes of enhancing your knowledge of general real estate issues. To discuss your individual case and situation, contact us today. A free initial consultation is offered.
Real Estate Law - An Overview
Real estate law includes both federal and state issues, with the state-level rules varying widely from jurisdiction to jurisdiction. These state and federal laws encompass everything from ownership of land and buildings to related issues such as financing, leasing, construction, taxes and environmental laws.
A competent and experienced real estate attorney can protect a party's interests in both routine and complex transactions and disputes.
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Glossary of Real Estate Terms
Real estate law includes lots of jargon and legalese that can be intimidating or at least confusing, especially to first-time homebuyers. An attorney with experience in real estate law can help a buyer or seller understand the terms and concepts pervasive in real estate transactions. Read on to learn more about the terminology of this specialized area.
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Deeds
A deed is an unassuming and usually short piece of paper that has a big legal impact. A deed transfers an ownership interest in real property, and no real estate transaction where ownership transfers is finished until the deed is delivered to the buyer. A deed must include the names of the buyer and seller and the property's legal description. The deed is signed by the person transferring the property and may make that person responsible to the buyer for other claims against or conditions on the property. A knowledgeable real estate attorney can review the deed to ensure that it is accurate and properly executed.
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Home Inspections
Buying a home can be stressful and time consuming. Obtaining a home inspection can take some of the worry out of the process. An independent home inspector will give a buyer a complete picture of the condition of the property he or she is considering buying. Most houses are not perfect, and the inspector's detailed report gives the buyer an unbiased evaluation letting him or her know what needs work now and what will probably need work in the near future. Obtaining a home inspection and reviewing the results with an experienced real estate attorney can put a home buyer in an informed position to negotiate his or her purchase.
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What to Expect at Closing
A closing, or settlement, is the meeting during which ownership of the property is officially transferred from the seller to the buyer. The buyer and the seller, their attorneys, both real estate sales professionals, a representative of the lender and the closing agent typically attend the closing. The closing involves settling any open issues, balancing and verifying an often complex closing statement, and signing all documents necessary to complete the transaction. An attorney with experience in closing real estate transactions will advise you at closing to ensure that your rights are protected.
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Real Estate Law Resource Links
U.S. Department of Housing
This general site for the U.S. Department of Housing and Urban Development contains information on homes and communities.
National Association of Realtors®
This website of the National Association of Realtors® contains information about the real estate industry, including a section on real estate law and policy.
Yahoo! Real Estate
This site includes numerous real estate related resources, including links to information about buying, selling, financing, and improving real property.
American Housing Survey
This resource contains a collection of data on U.S. housing from the Census Bureau.
National Housing Conference
This website from the National Housing Conference, a non-profit organization dedicated to advancing affordable housing for every American, contains housing news and articles and a Paycheck to Paycheck interactive database that allows visitors to select an occupation and a community to determine affordability of housing.
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