Real property is immovable: the land remains in the same place more or less forever. But it may have changed hands many times. In Pennsylvania, as in virtually every other state, the sale of land can be a very formal transaction, comprising a deed, a loan, a mortgage, and various warranties about the physical condition of the land. Unfortunately for the buyer, none of these documents provides any guarantees that the seller actually owns the land and has the right to sell it.
Buying a new home is always a thrilling event, but it may also be stressful at times. Residential real estate sales were on the decline for quite some time, but it seems as if things are starting to look up in the area of property transactions.
For those buying or selling residential real estate properties in the Philadelphia area, having an attorney can be incredibly helpful while navigating the often complicated process. There are various intricate aspects involved in property transactions, such as negotiations, inspections, disclosures and closings.