Real Estate
Attorney Ned Tonner has handled several different types of real estate transactions, which include the following:
- Contracts to purchase real estate.
- Contracts for the conditional sale of real estate (buying property on contract).
- Affidavits to transfer real estate.
- Warranty Deeds.
- Quit-Claim Deeds.
- Actions to sever or partition a parcel of land.
- Litigation regarding real estate, including defective home or construction cases
Some individuals elect to sell their own real estate, and often need assistance to complete the necessary transactional work. Once the terms of a sale have been agreed upon, the parties will then execute a real estate contract. There are different types of contracts, depending on whether the sale will include a full loan, or whether the purchase price will be paid over a number of years. Attorney Tonner is able to assist you in the drafting of any and all necessary contracts.
Once the contract has been executed, the parties will usually undertake to finance the purchase, which may take up to 60 days. Typically, the seller of a parcel of real estate is required to provide title insurance to the buyer, guaranteeing that the seller does indeed hold good title to the property in question. The seller is also responsible for the cost associated with the preparation of the warranty or quit-claim deed. The buyer may elect to have the property surveyed, at the buyer’s expense, and may have other inspections performed at the buyer’s request and expense. Typically, the parties equally share the costs of closing. Real Estate taxes are also prorated up to the date of closing.
Our firm works closely with you in order to complete all transactions. Please contact Attorney Tonner at (219) 866-8888 or (800) 488-8803 to discuss your options.
The above is not legal advice. That can only come from a qualified attorney who is familiar with all the facts and circumstances of a particular, specific case and the relevant law.
