Avallone Law Associates
call for a free initial consultation
Menu Contact

Philadelphia Real Estate Blog

Investment tips for new real estate entrepreneurs

Many would-be entrepreneurs underestimate just how complex real estate investment can be. They believe that they can simply purchase a low-priced house, gussy it up and sell it at a profit. The process of becoming a successful real estate entrepreneur is actually very complicated—and very risky.

Without the proper knowledge, your investment deal could easily flop. There are a few important things that every novice entrepreneur should know about before investing. Here are a few helpful tips for you as a new real estate investor.

What is a "quiet title" action?

Anyone involved in a real estate title dispute in Pennsylvania may have heard the recommendation that they file a "quiet title" action. A quiet title action is an extremely effective way of resolving all kinds of disputes involving title to real estate. But what is a "quiet title" action and why is it called a "quiet title" action?

As described in Philadelphia court documents, a quiet title action is a legal action designed to settle land title disputes and to "quiet" any challenges to someone's rightful ownership. This action is often taken to resolve disputes involving a fraudulent conveyance of the title to a piece of property and to resolve ambiguities as to who actually owns a contested piece of land. If the person seeking to quiet title can prove that the current title is defective in some way, then he or she may be able to claim ownership of the property from the person or persons who currently hold the title.

This can be especially useful if you lost the title to a property through coercion, or if someone has committed theft of your property by forging the deed. This can also apply to cases in which allocation of property during disposition of a will is challenged due to claims of undue influence over decedents and their decisions regarding their estate. You can also quiet the title to remove certain mortgages and other liens that should have been, but were not, satisfied and you are unable to locate the mortgage or lien holder.

When a vacant property becomes a party den

While most property owners hope their building transaction will take place swiftly, it’s common for real estate to sit on the market for a period. Sometimes, to maximize value, the owner allows the empty building temporary use. At other times, unscrupulous individuals might squat or misuse a property for their own means. Empty buildings are an unfortunate target for vandalism and more.

Seller disclosure, what is a homeowner obligated to disclose?

Buying or selling a home is one of the largest transactions the average citizen will undertake during his or her lifetime. Given the amount of money at stake, both the buyer and the seller should understand the condition of the property that is being purchased and sold. The Pennsylvania Real Estate Seller Disclosure Law was designed to give buyers a comprehensive understanding of the condition of the property while discouraging sellers from hiding any known flaws or problems.

Adopted or not, access to records should be for everyone

Imagine that upon opening a white envelope and reading its contents your life would change forever. No, it is not the results of a medical test or acceptance to college, this document tells you who you are. For over 2,000 adoptees born in Pennsylvania, this was indeed what happened when they received a copy of their original birth certificate. Under a new law that took effect in late 2017 adoptees who are over age 18 can apply for their birth records for the first time in 33 years.

Revising an old law

What if Philadelphia won the Amazon HQ bid?

In the first stage of cities making a pitch to be the site for Amazon’s second headquarters campus, there were 238 applicants.

Every one of these cities knew what kind of impact being chosen would have on local economies. At stake are 50,000 high-paying jobs workers and $5 billion in construction work.

What if Philadelphia wins the Amazon HQ2 bid?

In the first stage of cities making a pitch to be the site for Amazon's second headquarters campus, there were 238 applicants.

Every one of these cities knew what kind of impact being chosen would have on local economies. At stake are 50,000 high-paying jobs workers and $5 billion in construction work.

Eminent domain for economic redevelopment restricted

Many Philadelphia residents do not want to receive, and may even fear getting, a notice from government authorities telling them that their home or business property, or even a portion of it, is the target of a potential eminent domain action.

As this blog has discussed, the government has broad power to use eminent domain to force the sale of private property for a public use, although this does not necessarily mean the general public has to literally be able to use the property. Assuming the government follows the proper procedure for invoking eminent domain, a landowner is left only with the ability to dispute the price that the state will pay.

House stealing in Philadelphia is all too common

You purchase a dilapidated house, plan to renovate it and start gutting the inside. Maybe you are waiting for construction plans to finalize and don't go back for awhile. When you return to keep working on the project, someone else is living in the house, and claims to own it.

When you investigate their claim, you both realize a forged deed was used to transfer the house to the new buyer. The person who sold the house illegally is long gone and proving it was a forgery through the quiet title process isn't that easy.

Philadelphia real estate developer handles underserved market

For many real estate developers, maximizing return is a high priority. When the developers flip real estate, they buy a dilapidated home at a bargain price, fix it up and sell it at a much higher price.

With new projects, the investors build amenity-filled luxury apartments knowing they can charge high rents to their wealthy target market.

Contact Our Lawyers Today

Whether you need help with a divorce, a real estate transaction or starting a small business — our lawyers are prepared to address your unique legal needs. For a free initial consultation, contact us online or call us directly at 215-253-3855.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

contact us