Real Estate Lawyer Arkansas
There was a time when virtually every sale of land or real estate property involved a lawyer–usually at more than one point in the process. These days, most real estate transactions are handled through standardized forms and real estate agents and brokers who aren’t trained in real-estate law. If a piece of real estate is big enough to possess monetary value, it’s important enough to warrant hiring a real estate lawyer in Arkansas.
Our homes are often the single largest investment we make in life. To ensure that you are maximizing your return on this massive investment, you should consider hiring a real estate lawyer in Arkansas to help you navigate the often overwhelming real estate processes of buying, selling, inheriting, or transferring property. It’s natural to want to safeguard such a valuable asset, and the Davidson Law Firm is here to help.
Do I Need a Real Estate Lawyer in Arkansas?
- Do you have a boundary line dispute with your neighbor?
- Are other property owners denying you access to your land?
- Is there a problem with your home’s or land’s title?
- Is someone cutting timber or damaging crops on your land?
- Have you found major problems with a home you recently purchased?
If you answered yes to any of these questions or you have a similar problem, you need an experienced and accomplished real estate lawyer on your side. Real estate is a complex and broad area of the law and it requires a practiced eye to spot small details in lengthy contracts that could have huge impacts on your case.
What Services Can I Expect from Real Estate Lawyers in Arkansas?
The real estate lawyers at Davidson law firm are highly-skilled and provide well-rounded and aggressive legal counsel on issues related to your real estate dealings and the current real estate market. We offer comprehensive services in all matters concerning real estate law, including financing, property acquisition, leasing matters, construction litigation, environmental pollution and containment claims, property damage, and more. We also offer services involving:
- Escrow duties
- Duties of realtors
- Foreclosures and defects in them
- Problems with property legal descriptions
- Legal proceedings entailing conducting foreclosures
Real Estate Law FAQ
These are questions we receive from clients and community members on a regular basis. They are meant to be viewed as a general discussion of common issues in real estate law and they are not to be taken as legal advice that applies to your specific case. We encourage you to speak with a real estate lawyer in Arkansas if you have any specific real estate issues or need legal advice.
What Are Some Main Considerations I Should Take Into Account When Reviewing a Purchase Contract?
- Is the purchase contingent on financing, acceptable terms, or sale of the house the purchaser currently owns?
- What land, furnishings, and buildings are included in the purchase? Are any appliances, fixtures, or other personal property included or excluded?
- When may the buyer take possession of the property?
- Who pays for the examination of the title?
- Who pays for a survey of the property?
- Who will pay the loan closing costs?
- Who will pay the cost of repairs for termite damage or other damage found by an inspector?
- Who is required to sign the papers?
- If there are realtors involved, who pays the commission?
- What type of deed will be conveyed?
What Is Title Insurance and Why Is It Needed?
A title insurance policy insures the status of title in the name of the owner of the policy. These policies are issued by title insurance companies. The policy is meant to protect the owner from financial losses related to the title and/or the costs of defending the title in court. The policy provides indemnification to the owner if they are damaged by a bad or negligent title search. For example, if a defect in the title was found that resulted from forgery, it would be covered by the title insurance policy.
What is Commercial Financing?
Funding for a commercial real estate purchase is generally obtained from a bank, insurance company, or another institutional lender. The funds are provided for the purpose of acquisition, development, and/or operation of a commercial real estate venture. Assets must usually be put up as collateral and loan documents typically include loan agreements, promissory notes, mortgages or deeds of trust, assignments of rents and leases, financing statements, environmental indemnity agreements, guaranties, subordination, non-disturbance and attornment agreements, estoppel certificates, and other ancillary documents.
If you have any questions about real estate law or you need the help of a real estate lawyer in Arkansas, contact the Davidson Law Firm and we will schedule a free consultation to go over the specifics of your case.