RESIDENTIAL REAL ESTATE
Nagle Law Group attorneys possess an extensive breadth and depth of experience in every aspect of residential real estate law from residential purchase agreement negotiation, short sales, foreclosure and all aspects of home buying, to financing, and representing end-users in connection with leasing. Our business-oriented approach identifies all relevant legal issues and weaves the client’s personal considerations into their resolution.
Nagle Law Group provides a full range of legal services to many individuals including the following areas:
As we all know, a lawyer's involvement in residential real estate transactions in Arizona is practically unheard of. Buyers typically rely on their brokers for guidance throughout the entire purchasing process: finding the right home, negotiating the terms of the transaction, and then helping shepherd the process to closing. In fact, most brokers tell sellers and buyers alike that the form agreement is just that: a form, and that it cannot be modified. Unfortunately, that is just not true, and, in fact, there are several provisions in the standard form Arizona residential purchase contract that are detrimental to the buyer, even more so now that market conditions are so unstable and the cost to the seller if a buyer "defaults" may well exceed the earnest money deposit. Surprisingly, few parties, including brokers, understand the impact of the legal provisions set forth in the standard contract.
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Residential Real Estate Sale (Short Sale or Foreclosure?)
Furthermore, a lawyer's involvement in a residential real estate sale is just as uncommon. Once again, sellers typically rely on their brokers for guidance throughout the entire real estate sales process: determining the market value of the property, listing the home for sale, showing the home to potential buyers, negotiating any offers that are presented and then helping to shepherd the process to closing. However, in Arizona's real estate market today, the process explained above is more the exception than the norm. Given that approximately one out of every two property owners are underwater in terms of their mortgage (they owe more on their mortgage than the current property value) and therefore, over 60% of the inventory on the market is for sale through Short Sale or is Bank Owned, the "sale" process has become far more complex. It is now almost imperative to have an experienced real estate and bankruptcy attorney working with a realtor or broker to help property owners determine their best coarse of action and to understand the implications, financial and legal risks and liabilities of each decision that they implement. It is becoming more and more common for realtors to recommend seeking a professional attorney's counsel in these matters in order to mitigate their own risk as well as the risk and liabilities of their clients.
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Seller / Buyer Disputes
But what are also very common are disputes between seller and buyer due to different understandings of what was agreed verbally versus what is actually written in the purchase agreement. This "seller said/buyer said" situation always leaves parties frustrated and angry. And, in hindsight, the use of an attorney to ensure the signed agreement matched the deal would have been worthwhile.
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Why Should I Use Nagle Law Group?
Nagle Law Group offer their residential real estate services to home owners and home buyers at modest fixed fees, therefore clients can be comfortable that their questions can be answered and their rights protected without adding an unwanted headache to the home selling or home buying process.
Nagle Law Group offer you a team of professional, experienced attorneys who are extremely knowledgeable in the area of residential real estate transactions as well as that of bankruptcy and estate planning/probate. Having all of these expertise, allows you, the client, access to outstanding legal counsel whose experience and guidance extends well beyond simply real estate transactions.
[Back to top]
You or your realtor is welcome to contact us to schedule an appointment.
Nagle Law Group provides a full range of legal services to many individuals including the following areas:
- Residential Real Estate Purchase
- Residential Real Estate Sale
- Buyer/ Seller Disputes
- Information for Realtors / Brokers
- Why Should I Use Nagle Law Group?
As we all know, a lawyer's involvement in residential real estate transactions in Arizona is practically unheard of. Buyers typically rely on their brokers for guidance throughout the entire purchasing process: finding the right home, negotiating the terms of the transaction, and then helping shepherd the process to closing. In fact, most brokers tell sellers and buyers alike that the form agreement is just that: a form, and that it cannot be modified. Unfortunately, that is just not true, and, in fact, there are several provisions in the standard form Arizona residential purchase contract that are detrimental to the buyer, even more so now that market conditions are so unstable and the cost to the seller if a buyer "defaults" may well exceed the earnest money deposit. Surprisingly, few parties, including brokers, understand the impact of the legal provisions set forth in the standard contract.
[Back to top]
Residential Real Estate Sale (Short Sale or Foreclosure?)
Furthermore, a lawyer's involvement in a residential real estate sale is just as uncommon. Once again, sellers typically rely on their brokers for guidance throughout the entire real estate sales process: determining the market value of the property, listing the home for sale, showing the home to potential buyers, negotiating any offers that are presented and then helping to shepherd the process to closing. However, in Arizona's real estate market today, the process explained above is more the exception than the norm. Given that approximately one out of every two property owners are underwater in terms of their mortgage (they owe more on their mortgage than the current property value) and therefore, over 60% of the inventory on the market is for sale through Short Sale or is Bank Owned, the "sale" process has become far more complex. It is now almost imperative to have an experienced real estate and bankruptcy attorney working with a realtor or broker to help property owners determine their best coarse of action and to understand the implications, financial and legal risks and liabilities of each decision that they implement. It is becoming more and more common for realtors to recommend seeking a professional attorney's counsel in these matters in order to mitigate their own risk as well as the risk and liabilities of their clients.
[Back to top]
Seller / Buyer Disputes
But what are also very common are disputes between seller and buyer due to different understandings of what was agreed verbally versus what is actually written in the purchase agreement. This "seller said/buyer said" situation always leaves parties frustrated and angry. And, in hindsight, the use of an attorney to ensure the signed agreement matched the deal would have been worthwhile.
[Back to top]
Why Should I Use Nagle Law Group?
Nagle Law Group offer their residential real estate services to home owners and home buyers at modest fixed fees, therefore clients can be comfortable that their questions can be answered and their rights protected without adding an unwanted headache to the home selling or home buying process.
Nagle Law Group offer you a team of professional, experienced attorneys who are extremely knowledgeable in the area of residential real estate transactions as well as that of bankruptcy and estate planning/probate. Having all of these expertise, allows you, the client, access to outstanding legal counsel whose experience and guidance extends well beyond simply real estate transactions.
[Back to top]
You or your realtor is welcome to contact us to schedule an appointment.
