How We Can Help You
Our Troy real estate attorneys are prepared to handle various real estate transactions. Here are some of the areas we focus on more often than others:
It is important to have title insurance if your mortgage lender or other party questions your property title.
If there are title defects that you were not aware of at the time you purchased the property in question, title insurance can help protect you from financial losses.
The closing is the final step in transferring property ownership from the buyer to the seller. Our real estate lawyers can work as your escrow or closing agent through our title insurance company, Title Safe Agency, Inc.
A for-sale-by-owner real estate transaction includes selling a piece of real estate without having a broker or agent represent you.
Whether you are a buyer or a seller, our team is here to guide you through every step of the process, from listing to closing.
Property development requires property owners and builders to comply with zoning laws. These regulations can differ based on where the property is located.
Our team will help identify specific zoning laws, handle municipal law issues, and deal with all legal filings on your behalf.
If you are hoping to purchase or sell land, obtaining a real estate attorney who can help you review existing land contracts, draft new ones, and handle any disputes that may arise along the way is vital.
Our firm is here to help you protect your investment so you can build your commercial property, house, apartment building, or other property.
Investment and partnership real estate involve multiple investors or owners working together to generate revenue from a piece of property.
Our real estate lawyers will guide you on the best type of entity to select, drafting any documents related thereto, and to help protect you from property liability as needed.
Here for Your Real Estate Needs
Our Troy real estate attorneys at Dungan & LeFevre are here to help you through every step of your real estate transaction. The elements can often be complex due to the confusing nature of real estate laws.
However, with our team working for you, you can spend your time and energy on something other than stressful legal matters.
You may be tempted to handle your real estate venture independently. However, you need an advocate on your side to protect your interests.
Whether this is your first real estate deal or you have gone through this process before, we help you address any discrepancies that may come your way and draw up the necessary real estate documents.
There are many real estate legal issues and details you may need to deal with as part of your real estate transaction. Here are some of the most notable real estate legal details our firm will handle on your behalf:
The last thing you need is to hire a real estate attorney you can’t reach. You do not want to hire a lawyer only to find that their communication skills are sorely lacking.
When you choose Dungan & LeFevre to take on your case, you can rest easier knowing we will return your calls promptly. We will always provide you with prompt case status updates and be ready to address any questions and concerns you have when you have them.
When you go through a real estate dispute, it can feel as though the weight of the world is on your shoulders. However, when our Troy real estate attorneys start working for you, you can rest more easily knowing we are advocating for the best interests of your case.
The first step in resolving a real estate dispute is going through mediation. Whether selling or buying, mediation with the other party can be a great way to avoid going to court.
A mediator will hear both parties’ concerns to help you reach an amicable resolution. Mediators do not make final decisions. They simply help you and the buyer or seller find a solution that works for all involved parties.
Unfortunately, not all real estate disputes can be handled with mediation. When mediation proves unsuccessful, you may need to bring your real estate dispute to court, where a judge will hear your case.
Deep-dives Into Real Estate Questions
•How long does it take to buy a property?
The time it takes to buy a property can vary widely depending on the nature of the sale or purchase. Generally, buying a residential property takes an average of 30 to 45 days; whereas, the purchase of a commercial property can take 10 to 12 weeks.However, if market conditions are unusual, it could take more or less time to go through the inspection process, appraising, underwriting, and other real estate legal details.
•Why is my property’s assessed value different from the market value?
Sellers and buyers determine the property's market value, while professional appraisers are responsible for determining the assessed value of a property.It is not uncommon for a property's market value to be higher than the assessed value. Buyers may be willing to pay more than the property is worth when there is a low inventory of properties available. This is commonly referred to as a "seller’s market.”
•What is earnest money?
The real estate agent will ask you for earnest money if you make an offer on a property. This is essentially a smaller down payment that is made in good faith to show the seller that you are taking the purchase of their property seriously. This usually means the property is taken off the market while you work through the real estate transaction details.Earnest money is deposited into an escrow account or a trust until closing. If your real estate deal ultimately falls through, you can get your earnest money back. However, if you have previously reached an agreement only to back out at the last minute, you may not be able to get your earnest money back. Your real estate attorney at our firm can help ensure your earnest money is protected.