Residential Real Estate
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Wisconsin Residential Real Estate
For many people, their homes are the biggest financial investments they will make in their lifetimes, so it is not surprising that they vigorously protect the value of these holdings. Wisconsin homeowners know that partnering with locally based real estate agents and attorneys during residential real estate transactions helps to successfully navigate the process with all of its challenges. Plus, they are likely to avoid costly mistakes along the way because real estate attorneys based in Wisconsin bring a wealth of experience, knowledge, planning, training, and legal acumen to all aspects of home ownership and investment.
What Are the Benefits of Home Ownership?
In today’s volatile economy, many people are renting, downsizing, and even moving back home to live with family as part of what is being dubbed the “boomerang generation.” To some, the purchase or ownership of a house seems like a distant goal instead of an achievable reality.
Yet, Wisconsin residential real estate attorneys and their experienced colleagues in the industry concur that, even in these challenging economic times, there are numerous benefits to home ownership:
- Homeowners can stabilize housing costs if they purchase a home and secure financing, rather than pay rent in a fluctuating market.
- Homeownership forces owners to be disciplined savers to set aside mortgage payments and money for home maintenance.
- Homeownership is usually a prudent real estate investment that appreciates over time.
- Homeownership may result in income tax savings.
- Homeownership exemplifies the freedoms, rights, and liberties upon which our nation was founded.
- Homeownership reflects styles, tastes, and preferences of the owners.
- Private homes usually offer larger living spaces and provide more room for display and storage of personal effects.
Why Is It Helpful to Have a Lawyer for Real Estate Transactions?
In Wisconsin, the buying and selling of private homes involves several steps that can be time consuming, and an attorney’s assistance is beneficial to obtaining optimal and timely outcomes. Only licensed attorneys in Wisconsin can render legal advice to clients on residential real estate matters; real estate brokers and agents, mortgage brokers, loan officers, and closing agents are not able to give such legal advice. Buyers and sellers should have legal advocates to protect their differing interests, so it is prudent to retain separate legal advocates, rather than sharing one attorney even with a waiver of conflicts of interest. A lawyer’s help can be critically important in volatile and challenging market conditions, such as when a buyer expresses interest in foreclosure property; when a seller receives a reasonable offer in a slow market that does not pay off the mortgage loan balance (short sale); or when the seller may be asked to personally finance a transaction.
Locate a Wisconsin Residential Real Estate Lawyer Today
A Wisconsin residential real estate attorney represents clients in all stages of the process, as well as in subsequent litigation arising from the sale of a home, if necessary. Local Wisconsin real estate attorneys routinely draft, review, analyze, negotiate, and amend real estate agreements and other documents to make sure their clients’ best interests are safeguarded under state real property and real estate laws. They are adept at spotting issues and solving problems throughout the title search process; with property, tax, judgment, and other lien issues; glitches in obtaining mortgage financing; or when costly repairs become needed after a home inspection reveals serious defects. A Wisconsin-based residential real estate attorney patiently guides clients through the maze of the purchase and sale process by working in tandem with real estate agents, home inspectors, home appraisers, and title examiners to offer comprehensive services. Call now to speak with a residential real estate attorney in Wisconsin at 877-913-7222.