The buying and selling of residential real estate, whether a primary residence, vacation home, or investment property, is one of the largest financial commitments most individuals will ever make and it can be one of the most stressful projects a buyer or seller can undertake. It may even be your first encounter with a lawyer. Be assured that whether you are a first-time homebuyer or a real-estate tycoon, we are here not only to protect and enforce your rights, but to make your experience a great one.
The Real Estate Transaction in Brief
Once an owner decides to sell a property, he or she generally lists the property with a real estate broker. After the property is listed, a “buyer” will make a formal offer that is secured by a deposit. If the property owner accepts the offer, a contract, which is usually prepared by the buyer’s realtor, sets forth the rights and obligations of both parties with regard to the sale of the property. Unlike several other states, the Arizona residential real estate contract presently lacks a three-day attorney review period during which either buyer’s attorney or seller’s attorney can disapprove the contract and terminate it or begin to negotiate changes to it. Therefore, it is important either to have your attorney review the purchase agreement before you submit an offer (if the buyer) or you accept the offer (if the Seller). An alternative is to simply add the 3 day review requirement. Once the changes to the contract are successfully negotiated or the three days pass without the contract being disapproved, the contract becomes binding.
Why Hire a Real Estate Attorney?
Hiring an attorney guarantees that you will receive an expert, unbiased explanation and evaluation of the contract. Your real estate attorney will work to negotiate fair and reasonable terms and will help you avoid pitfalls of which you may be unaware. You may think the contract is clear and easy to understand, but it contains provisions that are unenforceable or that create more liability than you realize. Litigating your rights after the fact can take years and cost thousands in legal fees.
Documents that need Review
We are prepared to handle all phases of residential transactions, including: Listing Agreements; Purchase and Sale Agreements; Representation at Home Closing; Draft and Review Real Estate Contracts; Mortgage Documents; Lending Issues; Title Commitment Review; Homeowner’s Insurance Matters; and Review Residential Leases.
Our Attorneys
The residential real estate attorneys at Nagle Law Group have extensive experience in the closing of real estate transactions. Our team of residential real estate attorneys has experience in every phase of real estate, including the simple to the most complex transactions. Being a small firm, our clients are able to spend time working directly with their real estate lawyer, receiving attentive, responsive, personal service during all phases of the residential real estate transaction. We approach each case with the professional dignity that is expected of those who practice law, and we pride ourselves on our diligent, ethical treatment of each client’s legal matters.
Our Fees
Whether you are buying or selling residential real estate, we offer reasonable and affordable rates by using a combination of attorneys and experienced paralegals, and providing unparalleled hands-on service to each client during the purchase, sale, or refinance of their home. Throughout our history, we have garnered the respect and admiration of real estate professionals, clients, and colleagues in and around the Phoenix metropolitan area community.