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Are You Dealing with a Real Estate Law Issue?

Dealing with a real estate matter can be stressful, confusing and complex. No matter if you are selling a property or you want to purchase a property, you should speak with an experienced Las Vegas real estate attorney. Your attorney will be able to help you with contract negotiations, avoid transaction disputes and possibly save time and frustration.

Different Types of Real Estate Cases

Real estate law covers a wide range of issues related to real property law. Some of these areas involve purchasing or selling real estate, renting real property and taxation issues associated to these activities. Bear in mind, real estate laws vary from state to state, so it is important to get the right information and guidance.

Whether you are buying or selling a home, this represents a substantial investment. It is important to protect your rights. Working with an experienced real estate attorney will guide you through the legal implications.

What does contingent mean in real estate?

In a real estate transaction like the sale of a house, a “contingency” clause in the contract acts as a way to cancel the contract if a certain event were to happen. For instance, if you make an offer and the seller accepts it, you may negotiate a contingency that accounts for a poor housing inspection allowing you to back out of the deal. If you need to sell your home as well, you could negotiate a contingency that allows you to back out of buying the new home if you can’t sell your current one.

What is a short sale?

A short sale is when the seller is selling the property for less than is owed on the mortgage. This could be a bank that repossessed the home in a foreclosure. In this case, the bank would sell the house, essentially hoping to get someone to buy the house, and the bank will forgive the difference that remains on the original mortgage. A short sale often presents a good opportunity to the right buyer who needs to save a bit of money.

Do I need a real estate lawyer or a real estate broker?

A broker (also known as an agent or realtor) represents people in the home buying or selling process. But they may not be as experienced when it comes to contract negotiations as a real estate lawyer. While you may not need a real estate lawyer for your home sale, they can help you deal with any unexpected roadblocks to the sale process. Some states also require a real estate attorney for any contract signings. If you are unsure, you could schedule a consultation.

Best Time to Seek Legal Help

No matter what your legal issue may be, it is always best to seek legal help early in the process. An attorney can help secure what is likely to be the best possible outcome for your situation and avoid both unnecessary complications or errors.

Tips on Approaching an Initial Attorney Consultation

Use the consultation as a means of gaining a better understanding of your legal situation.
Ask the attorney how many cases similar to yours he/she has handled. An attorney’s experience and knowledge can speak to their expertise (or lack of) in addressing your situation.
Your attorney should be able to articulate roughly how long a case like yours will take to resolve and what sort of procedures to expect.
Determine how comfortable you are working with the lawyer and/or law firm.

Does firm size matter?

For most consumer legal issues, the size of the practice is much less important than the experience, competence, and reputation of the attorney(s) handling your case. Among the most important factors when choosing an attorney are your comfort level with the attorney or practice and the attorney’s track record in bringing about quick, successful resolutions to cases similar to yours.

Common legal terms explained

Personal jurisdiction – Requirement that a particular court have authority over a person, in order to bind that person to the judgment of the court, based on minimum contacts. International Shoe Co v. Washington is a landmark Supreme Court case outlining the scope of a state court’s reach in personal jurisdiction.

Kerr Simpson Attorneys at Law

Carbajal Law

Hatfield & Associates, Ltd.

Hawkins Melendrez, P.C.

Gallian Welker & Beckstrom LLC

Litchfield Cavo

Sandberg Phoenix & von Gontard P.C.

Rice Reuther Sullivan & Carroll, LLP

Karsaz Law

Dickinson Wright PLLC

Avalon Legal Group LLC

Littler Mendelson, P.C.

Howard & Howard Attorneys PLLC

Holland & Hart LLP

O'Reilly Law Group

Duane Morris LLP

Resnick & Louis, P.C.

Brownstein Hyatt Farber Schreck, LLP

Burg Simpson Eldredge Hersh & Jardine, P.C.

Fox Rothschild LLP

Bremer, Whyte, Brown & O'Meara, LLP

Day & Associates

Peters & Associates, LLP

Enenstein Pham & Glass

Wilson, Elser, Moskowitz, Edelman & Dicker LLP

Fennemore

Las Vegas Real Estate Information

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