Real Estate Lawyers in Denver, Colorado
The real estate lawyers in Denver, Colorado at Semler & Associates, P.C. work with clients who are selling or buying real estate. If you are facing real estate litigation in Denver, Colorado, reach out to Semler & Associates, P.C., real estate lawyers who can protect your rights. For many people, buying or selling a home will be the largest purchase and investment of their lives. Don’t leave aspects of this transaction up to chance. A real estate lawyer in Denver, Colorado at Semler & Associates, P.C. can review your sales contract, help you understand your obligations and rights under the contract, and make sure that the conditions of the real estate contract are fair and reasonable. A real estate lawyer can help you through every step of the closing process and represent you should something go wrong. When it comes to real estate, you want to protect your interests and rights. Thousands of dollars and even hundreds of thousand may be on the line. Semler & Associates, P.C. is a real estate law firm in Denver, Colorado that works for you.
What Should be in a Denver Real Estate Contract?
One of the most important items in a real estate deal is the real estate contract. It is equally important for both buyer and seller. The conditions in the contract protect both the buyer and seller, and ensure that both parties clearly understand their rights and obligations. The real estate contract clearly states the agreed upon price and offers a timeline during which things in the sale must get done. The real estate contract will include a tentative or agreed upon closing date. A real estate contract will also include important conditions that can protect both buyer and seller.
Signing a real estate contract if you are a buyer is a big deal. You may need to put significant money down and can lose this money if you don’t meet the terms of the contract. Having a real estate lawyer in Denver, Colorado review your real estate contract can make an immense difference when it comes to peace of mind and understanding your rights and responsibilities. Before you sign on the dotted line, consider hiring a real estate lawyer in Denver, Colorado, like Semler & Associates, P.C.
What are some conditions that should always be included in a real estate contract? As a buyer, if you are relying on securing a mortgage from the bank to make your purchase, you’ll want to include financing contingencies in the contract. Most buyers who need financing to buy will stipulate that the contract will only go through if they can get financing for a specified interest rate. A sound understanding of your financial situation, what you can afford, and what the banks have to offer can make a big difference when ironing out this contingency. The real estate lawyers in Denver, Colorado at Semler & Associates, P.C. can also help.
A real estate contract will also include information about who is responsible for closing costs. A buyer will typically be responsible for the title search, title insurance, notary fees, transfer taxes, and other fees, but sometimes buyers and sellers agree to split these costs, and in some cases, the seller agrees to pay for closing fees. You never know if you don’t ask. But it is important to know what costs you’ll have to shoulder because this will either be money you have to pay out of pocket or include in your mortgage. A real estate lawyer familiar with the market and norms of a given area may be able to help you negotiate better terms into your real estate contract and help you understand what terms are and aren’t reasonable. Thinking twice about signing a real estate contract? The real estate law firm in Denver, Colorado at Semler & Associates, P.C. may be able to help.
One important contingency that should always be included in your real estate contract is the inspection contingency. If your home needs substantial repairs, such as pipe work or a roof repair, this can significantly affect the value of the property. Prospective buyers have the right to hire a professional home inspector and to back out of a contract if the inspection isn’t satisfactory. If you don’t have an inspection clause, you have a lot to potentially lose. Yet, inspection contingencies have timelines, and it is important that you set forth a timeline that you can reasonably meet. Remember that you also need to take into account how long it will take the inspector to get back to you with results. A real estate lawyer in Denver, Colorado like the attorneys at Semler & Associates, P.C. can help you get a real estate contract that meets your needs.
Finally, there are other things you may want to consider including or asking for in your real estate contract. Will appliances be included in the home sale? Will furniture in the house be included? Are there other contingencies you need? The real estate lawyers at Semler & Associates, P.C. in Denver, Colorado can help.
Real Estate Litigation in Denver, Colorado
If you are in the middle of a real estate dispute, the real estate litigation lawyers in Denver, Colorado at Semler & Associates, P.C. may be able to help. There are many different reasons why real estate litigation can arise. It can happen during a sale, if one party believes the other party has breached a real estate contract. While contracts may include contingencies, if one or both parties fails to meet its obligations, there could be a breach of contract which can result in costly real estate litigation. If a seller fails to disclose defects in the property, or if the buyer fails to go through with the purchase after the contingency has passed, then there could be a breach of contract. Having a lawyer review your real estate contract before you sign can prevent real estate litigation from arising in the first place. But if you find yourself in a dispute that cannot be resolved, the real estate litigation lawyers in Denver, Colorado at Semler & Associates, P.C. may be able to help.
Another issue that lead to real estate litigation involves a boundary dispute. If there is a dispute about where your property begins and your neighbor’s property begins, this can be a costly and contentious real estate dispute that can result in litigation. Boundary disputes can happen when there isn’t clarity in the title or when city recordkeeping has errors. Related to boundary disputes are title issues that can threaten your very claim of ownership to a property. The real estate litigation lawyers in Denver, Colorado at Semler & Associates, P.C. may be able to assist you if you are facing real estate litigation or disputes.
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