Whether you're buying a home, land, or a commercial space, your purchase is a significant investment. I can provide guidance, allowing you to get the right price, financing, and location that works for you. Additionally, I will take the time to explain your options in a way you can understand, allowing you to make choices about the future with confidence.
While Pennsylvania law doesn't require buyers and sellers to hire lawyers for real estate transactions, deals are usually brokered using either real estate agents or real estate attorneys. I am here to help you facilitate price negotiations, as well as help save you money and avoid legal liability or unforeseen costs.
DEFECTS in title can delay or even prevent your closing. Undisclosed liens, easements, court proceedings, and past claims on title can negatively impact the value of the property. If you are attempting to sell your home, a cloud on the title can devalue your property and make it more difficult to sell. If you're the buyer, an unresolved title defect could force you out of the transaction or cause your lender to withhold closing funds.
If you are paying in cash, it is possible to waive a title search. However, you should never consider doing that, as you run the risk of taking a complete loss if the property you thought you were buying either wasn't the seller's to sell, or had a mortgage, unpaid property taxes, or liens that are difficult or impossible for a home buyer to discover on their own.
To learn more, read here: https://www.quickenloans.com/learn/cloud-on-title-defects