Real Estate Transactions
When involved in a real estate transaction, such as buying, selling, or renting a property, it is vital to have a thorough understanding of your rights and obligations, which can avoid any future problems. At our law firm, our Monroe real estate transaction lawyers provide a wide range of real estate services to individuals, businesses, and business owners, dedicated to helping you understand your legal rights and avoiding future problems involved in your agreements.
Before signing your next lease, contract to buy or sell, or other real estate documents, give us a call. We can help make sure your rights are protected.
How Our Monroe, NC Real Estate Lawyers Can Help
Our dedicated attorneys in Monroe have the skill and legal knowledge necessary to facilitate real estate matters including:
- Residential Closings. We can make sure that all paperwork is in order and all contingencies have been met. If something goes wrong, we will make sure you understand your options, including whether or not to go through with the closing. Often, but not always, one attorney can handle the transaction for both buyer and seller.
- Commercial Closings. These are not the same as residential closings, and you need an attorney who understands the differences. Unlike in a residential closing, one attorney cannot represent both the buyer and seller in a commercial closing.
- Contracts. A proper real estate contract should protect you in the event of contingencies that might make a deal fall through. Too many buyers and sellers neglect the contract, using only a form contract that does not provide adequate protection. When issues pop up, many people are left with few options.
- Deeds. We can draft the deed so that everything is in order and you take the property in your preferred manner, with the proper description of the property.
- Homeowners’ Associations (HOAs). Disputes break out constantly between homeowners and their HOAs. You should understand your rights in the event the HOA wants to prevent you from renovating your home or they assess charges or fees not previously agreed to.
- Leases. Leases are every bit as important as contracts. Protect yourself by making sure you fully understand your rights and obligations under the lease. If a landlord violates the terms, then tenants have options. Commercial leases operate under a different set of standards than residential leases, and both tenants and landlords need to understand these differences and protect themselves accordingly.
- Real Estate/Title Litigation. Heading to court is never ideal but is sometimes unavoidable. You need an experienced advocate who knows their way around a courtroom. We can handle your real estate and title litigation.
- Title Searches. Problems with the title can quickly sink a real estate transaction. Any closing that involves a lender will require a title search. Does the seller even have the title to transfer? If there is confusion or doubt, our clients need to know that before they go through with the deal. We can also help sellers clear up any cloud on a title to make a sale go more smoothly.
We handle these and other real estate issues in Monore. If you have any questions, contact us today to find out more.
Our Monroe, NC real estate attorneys at Perry, Bundy, Plyler & Long, LLP stand out from the pack thanks to our breadth of experience and our depth of expertise.
Whereas some attorneys handle only one or two closings a year, real estate has been a core component of our practice for decades. We can often save clients money by streamlining the buying or selling process and heading off litigation before it has even started.
Why Rely on the Real Estate Lawyers at Perry, Bundy, Plyler & Long?
Real estate transactions are complicated. With so much at stake, it is crucial that you are able to navigate the process without issue. Mistakes in a real estate transaction can cost a lot of time and money. At Perry, Bundy, Plyler & Long, LLP, we provide diligent and trustworthy representation in residential and commercial real estate transactions. When you contact us at our Monroe law office, you will be able to connect with a North Carolina real estate law attorney who can:
- Hear your story and answer your questions about a real estate transaction;
- Gather the documents, records, and financial information that you will need;
- Handle the real estate transaction paperwork—with a focus on details; and
- Take legal action needed to protect your rights and ensure a smooth transaction.
Perry, Bundy, Plyler & Long, LLP, is a leading real estate law firm in Monroe, NC. We have helped countless clients with their real estate issues and have a long list of satisfied clients. Real estate disputes can often be avoided if parties properly protect their rights in the governing legal documents, so schedule a consultation where you can meet with a member of our team. Contact us today.
Call today! 704-289-2519
From our Monroe office, we proudly assist people in need of help with real estate law matters. We zealously help the people of Union, Anson, and Stanly Counties including but not limited to Waxhaw, Wesley Chapel, Indian Trail, Weddington, Unionville, Mineral Springs, Lake Park, Stallings, Hemby Bridge, and Wingate.
Real Estate Transactions: Frequently Asked Questions (FAQs)
How Long Does it Take to Close on a Home in North Carolina?
It depends on a number of different factors. The closing stage of the residential real estate process in North Carolina includes a number of steps. In general, the closing process typically takes somewhere between 30 days and 60 days. Though, cash transactions often occur more quickly. Of course, unavoidable delays sometimes occur. . A North Carolina real estate transaction attorney can help you navigate the complexities of the closing process.
What Does it Mean When There is a Lien Against a Property?
When there is a lien against the property, it means that another party has obtained a security interest in the property. In general, this means that there is some type of outstanding credit claim and that the creditor—a mortgage lender, a construction contractor, tax authority, or any other party—has taken the legal steps to get an interest in the property itself. A property lien is attached to the property’s title—meaning it stays with the property even if that property is sold to another party and is a cloud on the title. A comprehensive title search helps to confirm that there are no liens or other defects.
Are Home Sellers Required to Make Disclosures in North Carolina?
Yes. Under the North Carolina Residential Property Disclosure Act, a residential seller has a legal responsibility to make certain disclosures to buyers. Most notably, the seller of a residential dwelling with between 1 and 4 units should complete and submit a Residential Property and Owners’ Association Disclosure Statement. In effect, this form is used to ensure that home sellers disclose information that they know would adversely affect the fair market value of the property. A residential seller in North Carolina that fails to properly disclose could face legal liability.
Are the Real Estate Laws Different For Commercial Property?
Yes. In North Carolina, residential properties are governed by some statutes that do not apply directly to commercial properties. For example, the disclosure requirements are different. In addition, commercial leases in North Carolina are not subject to the same regulations as residential leases. With commercial property transactions in North Carolina, it is imperative that all legal documents are accurate, properly drafted, and in your best interests.
With over 110 years of combined legal experience, you can trust your case with us.
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