Real Estate Law
Our Pennsylvania Real Estate Lawyers Handle Residential and Commercial Properties
The real estate market has gone through several changes and upheavals over the past years. As a result, today’s market status makes it a good time to look at buying real estate as a long-term investment. Pennsylvania real estate lawyers tend to be valuable assets when considering both residential and commercial real estate. They can help you with reviewing sales, lease contracts, easements and potential buyback provisions. Before making any deal, it is important to have as much information as possible and know all the angles, laws and procedures to follow; working with a real estate attorney plays a large part helping you with that.
However, you need a real estate attorney you can trust and is experienced enough to guide you through what could a confusing legal process full of details that you cannot afford to miss. Since 1980, Troncelliti Law Associates has been helping clients with real estate contracts and dealings. We have helped with residential real estate, commercial real estate, landlord-tenant disputes and more. We put our more than 30 years of experience to work to put our clients first and achieve for them the best result possible.
Why Do I Need Pennsylvania Real Estate Lawyers?
Our Pennsylvania real estate attorneys can help you take precautions against mistakes or omissions in real estate dealings. Any possible errors can result in both legal consequences and unexpected expenses.
What do real estate attorneys do, though? Real estate law verifies fixed structures on the property. Attorneys examine all encroachments to your neighbor’s land and public property boundaries to be sure that you are on the safe side. Before you sign a legal real estate contract, your real estate attorney will tell you to be sure the seller has the right to sell. Your attorney will also want to confirm that all past judgments against the property are settled. Otherwise, you could find yourself with a larger debt than just the mortgage.
The true value of real estate law is to protect your interest. Real estate attorneys are able to determine potential risks related to the property. Realtors do their best to assure that the property title is free and clear of liens or past due taxes. Other legal issues may not be so obvious. The transfer of ownership, whether it is an inheritance or business succession has its own legal process. It is a good idea to work with a real estate attorney to not let such a detail slip past you.
What Are Common Real Estate Legal Issues?
Legal issues that you may encounter during a real estate transaction can range from illegal home improvements to violation of zoning ordinances and tenant concerns. Real estate attorneys can help to protect the buyer or the seller since each of these circumstances can affect their transaction schedules and the value of the property.
Other issues with which Pennsylvania real estate lawyers can help both buyers and sellers include:
- Jurisdiction and Taxes. State regulations vary when it comes to real estate and inheritance of property. Some states impose inheritance taxes based on the overall value of the estate. Pennsylvania does have an inheritance tax. It is wise to consult with a real estate law attorney familiar with trusts and estates to help guide you through this process.
- Environmental Disclosures Prior To Closing the Deal. All real estate sales require a full disclosure on the property conditions. It is against the law to withhold information on residential property or commercial real estate. For example, real estate contracts require disclosure of property located in a natural hazard area. One example is when harsh weather conditions cause groundwater to seep into the basement. Historic information and recent property treatments could also be determined as harmful. Your attorney can help with full disclosure preventing future lawsuits or damages.
- Fair Market Value Under Eminent Domain. Increased development brings with it the need for more public access. There are times when eminent domain plays a role in community and economic development. The state and local governments build roads and schools using eminent domain. Compensation of real estate is based on the current market value of the property. When property owners need assistance in negotiating with government offices, the course of action is a legal appeal with an attorney.
More Questions? Call Our Pennsylvania Real Estate Attorneys
Real estate transactions are as unique as the owner and the property. An experienced real estate attorney makes the difference when it comes to protecting your rights as a seller or buyer. Our staff is happy to answer your questions about real estate law. Make an appointment and meet with our legal team to determine your rights and the tactics for your situation. Whether you need assistance with estate planning, property representation or litigation, we can help.
Call us at (610) 365-4240 or contact us online.
Why Choose Our Law Firm?
Firm started in King Of Prussia
Years Of Experience
We care about our clients