Weinberger Law

Real estate transactions encompass more than the purchase

The buying and selling of land here in Arizona happens nearly every day. These transactions have many moving parts, and failing to complete one of the many tasks required prior to completing the purchase could cause problems in the future. For this reason, it may be a good idea to gain a better understanding of the obstacles you could face as you attempt to purchase a piece of real estate.

It all begins with your purchase and sale agreement. This document outlines the terms under which you will purchase the property, so you will want to make sure you receive the best terms possible. Thereafter, you begin looking at title issues, the need for title insurance and mortgage loan issues.

If the property is a new build, you could also be dealing with a developer and construction contractor. You could end up in the middle of a dispute between, or with, them if any defects are discovered in the property during pre-purchase inspections. Your mortgage loan lender will more than likely also have a host of requirements and criteria for you to meet before the transaction can move to closing.

Arizona law does not require you to employ an attorney during a real estate transaction, but that does not mean it is not a good idea. Even in transactions that go relatively smoothly, you need to protect your rights and understand any potential issues that could arise after closing. Should anything go wrong during the process, it would help to already have someone with experience in this area of law familiar with your situation who can advise you of your rights and legal options, depending on the circumstances.

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5635 N. Scottsdale Road
Suite 170
Scottsdale, AZ 85250

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