Residential Real Estate
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Kentucky Residential Real Estate
For many homeowners today, their house is their largest single financial purchase and investment. It is not surprising that many homeowners go to great lengths to protect, preserve, and safeguard this major asset—and maximize its value. When it comes to the buying and selling of residential real estate, these views hold particularly true.
Should I Partner with a Kentucky Realtor and/or Real Estate Attorney?
During residential real estate transactions in Kentucky, many property owners find that partnering with a realtor and/or a residential real estate attorney helps them effectively, smoothly, and efficiently navigate the overall real estate transaction, and helps them maximize their return on investment for their property. These Kentucky lawyers bring a great deal of experience, knowledge, education, training, and legal acumen to the home ownership process, from pre-purchase to purchase, ownership, sale, and even post-sale. A homeowner or prospective homeowner would likely best serve his or her legal and financial interests by at least consulting with one or more local realtors and residential real estate attorneys about a potential transaction before trying to tackle the real estate matter without professional assistance.
What Can I Expect from a "Full Service" Kentucky Real Estate Law Firm?
Mortgage closing, examination of titles, title insurance, foreclosures, and short sales are just a few of the subjects often posed by puzzled homeowners or prospective homeowners to their realtors and/or residential real estate attorneys. Understandably, these detailed and complex topics baffle many homeowners and cause unnecessary anxiety that can be remedied with the assistance of an experienced Kentucky residential real estate attorney. After all, the goal of such a lawyer is to assist the client in experiencing a smooth real estate transaction, without issue, interruption, losses, or delay.
Kentucky real estate lawyers and their firms routinely assist clients in obtaining financing within the state from multiple types of lenders, including the Kentucky Housing Corporation, FHA, Veteran Affairs (VA), or conventional mortgage lenders and banks. These professionals also secure title insurance for clients and their selected lending parties. They are able to provide the following additional legal services in residential real estate transactions:
- Drafting purchase contracts
- Reviewing purchase contracts and noting problematic provisions
- Examining title history
- Examining deed
- Identifying liens, easements, encumbrances, and other clouds on title
- Issuing a legal opinion on the condition of property title
- Acting as escrow agent and holding down payments or deposits until the closing date
- Conducting the closing, where buyers and sellers must meet in person under Kentucky law
- Reviewing all loan documents and contracts in contemplation of the closing
- Ensuring the client's legal rights are protected throughout the real estate transaction
Locate a Local Kentucky Residential Real Estate Lawyer Today
Kentucky residential real estate attorneys represents clients, whether buyers or sellers, through all phases of real estate transactions. These lawyers draft, review, analyze, negotiate, and amend real estate contracts and documents to ensure their clients' best interests are safeguarded under real property and real estate laws. Call now to speak with a residential real estate lawyer in Kentucky at 877-913-7222.