Why You Should Hire a Real Estate Lawyer

Whether you are purchasing a new home or selling your current one, you could greatly benefit from having a real estate lawyer on your side. A qualified attorney with a specific focus on any transactions related to the sale of property has the experience that you might need during your upcoming transaction. While having an agent can be helpful during the transaction, an experienced real estate lawyer can provide you more in depth legal assistance. He or she can go over the legal aspect of your contract with you and review important documents including the mortgage loan and the bill of sale.

As you’ve probably already realized, purchasing a home is one of the largest transactions you will ever make. You want to make sure you don’t make any critical legal mistakes along the way. Doing so can cost you time and money. If you hire a dependable real estate lawyer to help you look over your contract and other important documents, you could save yourself time, money, and headaches.

When hiring a real estate lawyer, he or she will take the time to look over your contract agreement before you sign anything. If you are purchasing a home for the first time, you will definitely want an attorney to look over the contract for you. The attorney will look over the purchase agreement and check for any discrepancies, or anything that could cause you any legal problems down the road. Your attorney will also work with the mortgage loan officer as well as the seller’s attorney throughout the process. He or she will make sure the home inspection, mortgage documents, and other specifics are in order.

When deciding to hire a real estate lawyer, you need to be sure you hire someone with experience and skill. Not all attorneys are equipped to handle your case, so be sure you ask the right questions. Inquire about other cases the firm has handled that are similar to yours. You will want to be sure to ask how many years of experience the attorney has in this particular field of the law.

Only experienced professionals will be able to find discrepancies in your contract. An attorney with experience should have a familiarity with these documents and the capability to help you correct problematic components. When it comes to buying a home, any small mistake could cost a fortune. Protect your interests, and hire a skilled attorney.

Finding the right real estate lawyer can be an involved process. Kalamazoo, MI residents can learn more here: http://www.minkalaw.com.

In Montana Real Estate Under $200k Buys Ski Resort Property

So, do you style yourself as an active outdoor person, then Montana real estate might be just what the doctor ordered? As a retirement location there is just so much to do and to see that it would take a lifetime of exploring to accomplish but a small portion of everything that is possible.

You’ll find that the Spires at Red Lodge offers all of the benefits associated with the Big Sky Country. Here’s the kicker: Red Lodge real estate is the lowest priced real estate in the
entire Rocky Mountain range for a town that contains both a ski resort and an 18 hole golf course.

To the south of town Montana’s highest peaks act as an undeveloped buffer zone to Yellowstone Park and the western lore runs deep dating back to the late 1800’s. The area offers enormous recreation and convenience as it is under one hour to a city of over 100,000.

The town boasts a new high school, new micro-brewery, and construction begins this spring on a new $25 million hospital and assisted living complex. New services, new retail stores, and signifcant upgrades to Red Lodge Mountain under new owners have got the whole town buzzing.

This rejuvenation of infrastructure is getting the attention of second homebuyers from all over the nation. Click here if you’d like to visit the best that the area has to offer!

Only an hour away, Montana’s largest city offers tremendous shopping, the region’s top hospitals, and the best flight schedules. The convenience of living in an uncrowded recreational area and having superior access to amenities cannot be understated.

The Spires has created a walking-friendly neighborhood with lots of open spaces. It is the only development in the City featuring handicap ramps on every street corner for complete wheelchair accessibility and the Meadows Park even has a spring creek with brook trout in it.

The visual element of the Spires is completely stunning with hundred mile views and the Beartooth mountains for 180 degrees. In fact, the
total mountain view shed is 180 degrees, from the Crazy Mountains 80 miles away to the northwest, the entire Beartooth Wilderness frontage and down to Mount Maurice south of Red Lodge. Somehow it is difficult to associate these spectacular views with living inside the city limits, but you are.

Beginning in May of ’09 cottages with one car garages attached will be constructed with the price tag being under $200,000 USD. The cottages were built to keep energy bills down and time spent on maintenance related activities to a minimum so you can go enjoy the world-class recreation that surrounds you. To check out the best value in Montana real estate just Click Here!

In the post-excess consumption era this innovative development has taken a conservation and minimalist approach. These methods have led recognition for sustainable living.Red Lodge, Montana also has more restaurants and bars per capita than any other community in the
State of Montana, so there is always a diversity of places to socialize.

You can get lost in the mountains, the scenery, the town, or the long list of activities as there is always something going on..

Get in on the ground floor and check out the Spires, a new rising star in resort living.

Common Commercial Real Estate Contract Contingencies

Just like residential real estate contracts, Dallas commercial real estate contracts have their share of contingencies. In short, contingencies are found in most real estate contracts and are essentially escape clauses for both the buyer and the seller.

Each party wants to make sure they are protected in the real estate contract, so real estate contingencies are a common occurrence. They often make the contract much easier to handle for both the buyer and the seller, as it provides them with an opportunity to back out of the contract for a number of reasons.

Although both residential and Dallas commercial real estate contracts both have contingencies, the contingencies themselves are quite a bit different. The following list details some of the common contingencies found in Dallas commercial real estate contracts:

When purchasing a parcel of land for Dallas commercial real estate, the contract may be subject to the approval of the buyers attorney. Because Dallas commercial real estate contracts may be decidedly more in depth than residential real estate contracts, waiting on the approval of your attorney when buying Dallas commercial real estate is quite common. It is also common to have a contingency that is based on a business professionals partner or investor, as it is important to get approval from everyone involved before the contract is finalized.

Many commercial real estate contracts include contingencies that are based on financing approval for the buyer. For tracts of land, this contingency may include approval of a legal survey, if one has not already been done. In addition, a buyer will likely want to include in the purchase agreement some language about obtaining necessary permits and zoning for the commercial property.

When speaking of commercial tracts of land, there may be a contingency with verbiage regarding liens on the property. In particular, the purchase of the land will be contingent on no environmental cleanup liens.

It is common to have a contingency based on: the buyer achieving a loan of at least 75 percent of the purchase price of the Dallas commercial real estate property; the buyer being satisfied with the inspectors report; and the buyer being satisfied that the property can be remodeled or renovated to his or her satisfaction. In other words, the buyer will likely include a series of contingencies based on the use of the commercial property and how it can and cannot be used.

The use of a realtor qualified in commercial real estate is crucial, as he or she will be able to guide you when making a commercial real estate transaction. Real estate companies, like VIP Realty, have a plethora of highly qualified and experienced realtors who have extensive experience in dealing with commercial real estate contracts. It is important to never enter into any type of real estate purchase agreement, whether residential or commercial, without advice from a trusted realtor and real estate attorney, as they will be able to best protect your interest in the real estate transaction.

Dunedin Real Estate Your Dream Property Is Within Your Reach

Sometimes referred to as the southern gem, Dunedin is the South Islands second biggest city, characterised by a unique Scottish feel and architecture imposed on it during the time of New Zealands colonisation. Surround by beaches, forests and dramatic scenery, Dunedin is noted for its youthful and charismatic population being attracted by the educational and tertiary facilities contained within. With a population of just over 125,000, the city is one of the best preserved Victorian and Edwardian cities in the Southern Hemisphere. Becoming a desired location for students, families and businesses alike, the demand for Dunedin real estate is increasing at above average rates.

According to the latest Quotable Value New Zealand figures, southern Dunedin real estate figures have surged, recording the highest percentage increase in the country. The southern region extends from Waverley to Green Island, including the suburbs of St Kilda and St Clair. The figures illustrate that the area has experienced an increase in home values by 8.7% with an average sale price of $264,000. Likewise, Dunedin overall, showed a 4.9% increase in property values with the average sale price rising to over $276,000.

The increasing prices are a direct result of increasing demand. As many of the main centres in New Zealand are experiencing continued growth in house prices and valuations, Dunedin is presenting itself to many as an attractive option. With the average house price in New Zealand just a little under $410,000, properties in Dunedin represent real value in the marketplace where many families are struggling to find suitable and affordable housing options. According to Glenda Whitehead from QV Valuations, some of the increase in market activity in Dunedin is due to a rise in purchases by existing homeowners, who realise the benefits of purchasing prime real estate at well below national averages.

There are many advantages to purchasing Dunedin real estate, apart from the scenic and natural beauty that the city is surrounded by. With the security of tenure, you will be able to enjoy the cycle of the real estate market, accessing capital gain as the property naturally appreciates. If, like most kiwis, you enjoy a little do it yourself (DIY), then additional capital gains can be achieved through renovations. There is nothing like the sense of pride that comes with homeownership. The freedom and ability to personalise your property to suit your tastes and requirements has long been an aspiration of nearly all New Zealanders. However, with the current price hikes in property prices, renting is fast becoming a reality for many who cannot afford the deposit or repayments on their first home. However, Dunedin is offering the consumer real value and choice. Why not consider a move to a new place, where the people are friendly, the amenities are first class and most of all, your dream property is within your reach.

Prospecting Letter Tips in Commercial Real Estate Brokerage

There are a number of ways to prospect in commercial real estate. One of the more effective ways to do that is to send prospecting letters to key people and targets in your area. If this is something that is attractive to you in prospecting, then you will need to understand the letter system and implement it correctly.

The secret behind the success of the letter process is to make them relevant to the marketplace, and provide valuable insights to market conditions and trends. Over time, and through sending plenty of letters in a 90 day contact cycle, you are perceived as a market leader that should be considered when it comes to any new listing in the local area. That is when you will get a good share of invitations to present and pitch on listings.

Most clients and prospects want to use the best agent with the ‘runs on the board’. Prospecting letters set up that image and branding. Some agents believe that this is the only way to prospect. They would be wrong, particularly because this process takes many months if not years of consistent action to get the results coming back to you. Over a period of 12 months you should be sending 4 letters in a staged process. Every letter will have a new story or message to tell.

This letter based prospecting system is in addition to your cold calling, door knocking, and referral business. So you will have the other things to activate and run in parallel to your letter system.

Here are some rules to help you set up this valuable networking and prospecting process:

Letters should be sent to the right people by type and location. In this way you can judge the feedback and inbound enquires. Create letters for Sales, Leasing, and Property Management. That then helps you with relevance in each letter sent.

Follow up your letters wherever possible. Use the letters as triggers to make calls. They turn a ‘cold call’ into a ‘warm call’.

Letter frequency will always be important. At a minimum your letters should be going to the same people every 90 days. You can shorten that cycle to 60 days if you wish.

Track the conversations and enquiries that you get back from the campaigns. That will help you understand what works and how you can improve on that.

Meaningful messages should be created for each letter. Understand the ‘pain factors’ in the market today that apply to sales, leasing, and property management. Write the letters to the challenges that property owners and occupiers are suffering. Offer solutions.

Success letters should be sent to all businesses and property owners around each completed listing.

Marketing letters should be sent around all quality listings.