Deciding to purchase a home or commercial building in Tennessee can be a huge step in a person’s life. After all, individuals looking to become homeowners have often worked hard to save a down payment with the dream that one day they’ll own a piece of property to do with what they wish, and businesses looking to build or purchase their own premises do so with the intention that owning real estate will be better for their enterprise than renting.
However, from the moment an offer is made until the keys to the building have been handed over, real estate transactions have many legal components. A purchase agreement must cover all pertinent details and contingencies to be legally sound and enforceable. In addition, there is the process of having the property inspected, securing funding, obtaining the necessary regulatory permits, understanding and abiding by any applicable zoning laws and finally going through the closing process including transferring title. With the hundreds of thousands of dollars that are often at stake when individuals purchase real estate — or even millions of dollars when it comes to commercial real estate — it is often advisable to seek legal assistance when it comes to real estate transactions.
At our firm we represent both purchasers of real estate and sellers of real estate, as well as real estate brokers and developers. There are many complex legal documents at play in a real estate transaction, so it is important that all parties understand what they are agreeing to before signing on the dotted line. Moreover, it is important that all parties receive the legal advice they need to make sound decisions that are in their best interests.
No one wants to make any mistakes that could delay a real estate transaction or even lead to the deal falling apart altogether. Fortunately, help is available to those who need legal representation when buying or selling real estate. The real estate section of our website may provide readers with more information on this important topic.