Blaine Residential Real Estate Lawyer

Blaine Residential Real Estate Attorney

Entering a real estate contract can be a very stressful process, whether you are buying, renting, or selling your home. If the agreement is complex, a Blaine residential real estate lawyer can make sure your interests are properly represented. Speaking with a real estate attorney prior to signing any agreement can provide reassurance that you are making the right decision. A skilled lawyer can also minimize the chance of legal problems arising later.

The dedicated attorneys of Trek & Trust Law can represent your interests during your real estate transaction in Blaine. We are not your typical law firm; we are a small team of skilled professionals who believe in making these complex matters easier for you. Because we operate by appointment only, we can take the time to meet with our clients and fully focus on their needs.

Common Legal Issues in Real Estate Transactions

The most common real estate transaction is simply buying or selling your home. A real estate agent can help you find different properties to view. If you like one, your agent can then assist with making offers and contracts to the sellers.

This is typically a straightforward process, and it works similarly when you are looking to sell your home. An agent will show your home to potential buyers and assist with any contracts and purchasing agreements. In some cases, all you may need is a real estate agent, but there are times when disputes may arise. If they do, you will need to hire a Blaine residential real estate lawyer. Common conflicts we can assist with include:

• Contract disputes. These are among the most common to arise. They can result from financing, an issue found during the home inspection, deed transfers, or problems with current renters in the home. A trusted lawyer can review any contracts and agreements to make sure they are compliant with local and Minnesota residential real estate laws.
• Title problems. Issues with titling can also occur. A lawyer can check the title for accuracy.
• Boundary disputes. These are very common problems. They can occur if a property has been subdivided or there are easements on it. The Blaine Planning Commission oversees these matters.
• Taxes. It is important to understand who is responsible for paying property taxes during the transaction. There may be current unpaid taxes on the property. If so, these must be settled prior to the property being transferred. Sometimes, the appraised value of the property may affect the taxes you must pay after the sale. No matter the issue, our team can check for these issues and address them before you sign the purchase agreement.
• Liens. If there are any liens on the property, they can affect the title. These can include tax or construction liens. Any liens on a property can restrict your ability to sell or purchase it.

How Trek & Trust Law Can Help With Residential Real Estate Cases

Blaine has a population of just over 77,000, as of the 2020 census. The city projects that number to grow by up to 20,000. Trek & Trust Law can assist you with all your residential real estate legal needs. Even if you are looking at a straightforward purchase or sale, we can negotiate on your behalf to make sure you are getting a fair price. We can also review all property and title disclosures, as it is important to be aware of your rights as both a buyer and a seller concerning these documents.

Trek & Trust Law can work with your real estate agent to draft and examine any purchase contracts. Our firm can make sure all details are accounted for and safeguard your interests while making this transaction.

FAQs

What Is Residential Property Law?

Residential property law covers all legal aspects of homes and dwellings. This includes buying, selling, renting, and ownership. The purpose of residential property law is to protect consumers through rules for contracts, disclosures, tenant rights, zoning, and landlord duties.

This ensures safe living conditions for both homeowners and renters and allows for fair housing. A Blaine residential real estate attorney can review all contracts and agreements if you think your rights have been violated in any way.

What Do I Need to Disclose to the Buyer When Selling My Home?

As a seller in Minnesota, you must disclose certain details or problems that can affect your property’s value. Those include:

• The year your house was built
• The age of the roof
• Any damage from fire and flooding
• The condition of the plumbing, furnace, and other systems
• Any mold or known air pollution
• Any insect or animal infestations

Minnesota uses a standard disclosure form for real estate transactions. It is important to fully and truthfully fill it out, as this can prevent legal consequences later.

Is It Worth Hiring a Real Estate Attorney?

Yes, it is worth hiring a real estate attorney, especially if you are facing a complex transaction. They can provide legal protection and guidance to prevent costly mistakes. An attorney can explain all legal documents and negotiate terms to protect your interests and goals. Having a skilled legal professional on your side can reduce the stress of the real estate issue you are facing. They can also provide reassurance that you are being protected throughout the process.

How Much Does a Residential Real Estate Lawyer Cost in Minnesota?

The cost to hire a residential real estate lawyer will vary based on:

• The transaction’s complexity
• Your attorney’s experience
• The location of the firm and the property involved
• The attorney’s fee schedule

Some attorneys charge an hourly rate for more extensive cases. However, a flat fee may apply for straightforward services, such as handling a standard closing. Even when accounting for these fees, hiring an attorney usually leads to overall savings by preventing avoidable issues and quickly resolving legal disputes.

Hire a Blaine Residential Real Estate Lawyer

Trek & Trust Law is invested in helping our community grow. Our firm represents people in Blaine and throughout the surrounding area. We respect and value our clients, and we are proud to assist new families who are looking to relocate to the area. Contact us today to go over your residential real estate needs with our team.