Owning a home can be the culmination of years of hard work. Other real estate, like rental property, can be a continuous and secure source of income and an excellent investment. For businesses, owning your own facility can open the doors for expansion. However, buying, selling or owning real estate can also bring a myriad of legal issues that can have a substantial impact on its value and utility. Real estate transactions — including sales agreements and construction and development projects — are complex endeavors involving multiple parties. Even comparatively simple residential real estate matters involve numerous contingencies as well as mortgage and insurance issues. Keeping all these parts running in sync can be a challenge. That is why our attorneys at Long & Long, LLC bring more than 90 years of combined legal experience to help property owners get the most out of their investments.
The most common means of securing financing for a real estate transaction is through a mortgage on the purchased property. For commercial and investment properties, the terms of your agreement can make the difference between a profitable venture and a money pit.
We take the time to make sure that you understand your agreement with the lender and are comfortable with the outcome. We will make sure that you, the borrower, comprehend the terms of your agreement to ensure your options remain open and your payments remain manageable. For commercial borrowers especially, it is essential that mortgage terms are tailored to your business. Our real estate and mortgage attorneys can help you work with your lender to do just that.
Additional Real Estate Components
Outside the context of buying and selling, real estate ownership carries its own legal challenges. Our dedicated attorneys are ready to help our clients take on these challenges and protect the value and usability of their properties:
During the course of property ownership, disputes can arise with the government, neighboring property owners, previous property owners, tenants and others. If not properly addressed, these disputes can have an adverse effect on the value, marketability and utility of your property. Being well advised of your legal rights and obligations by knowledgeable real estate attorneys can give you the edge you need to resolve these disputes favorably and secure the continued use and enjoyment of your property.