Becoming the proud owner of a property you’ve worked hard to obtain is a major milestone for many Americans. In fact, with so much chaos taking place around the world, having a roof over your head without the worry of paying thousands in rent is a major boon.
There are a lot of risks involved with personal property, though. And while some issues have easy fixes, many property mishaps can lead to long term problems. Here are some serious incidents that warrant a lawyer:
Contract Disputes
Contracts are legally binding, so they can cause a lot of problems if either party decides to go astray. This could be due to something as intentional as dishonesty or as small as miscommunication. Whatever the case, it’s essential to be aware of everything that comes with a contract
Once the initial contract has been signed, a dispute occurs when one party doesn’t agree with the final sale price. This could be due to the house’s condition, closing date, the type of deed, etc.
Not only does this halt the process of you closing on your home, but renegotiating contracts and navigating the legal jargon is a very confusing and stressful process. It’s best to have a skilled attorney who can best represent your case.
Personal Injury Lawsuit
You’ve probably heard horror stories about homeowners being taken to small claims court over injuries sustained on their property. And although they may sound far-fetched, it’s very likely that you could also find yourself in this position.
It’s not possible for one person to keep an eye on every little imperfection on their property. However, people take advantage of this and sue people on counts of personal injury and negligence.
Many homeowners get startled by the idea of appearing in court and just aren’t prepared. However, an attorney can help you deny these claims and negotiate with the person who tried to sue you.
Poor Estate Planning
When you buy the perfect home, you also hope to have it in your family for years to come. The idea of your children inheriting it and spending their old age in the same place is a comforting thought.
However, many homeowners fail to consider the trouble heirs go through when the time comes to inherit the home. And while it may not be a problem you face in your lifetime, having a troublesome estate to inherit is less than ideal.
It’s not enough to write down who gets your home in your will; you need to sit down with an attorney and come up with a legally binding plan that will lead to no financial losses or courtroom battles in the future.
Advanced planning can also help you eliminate hefty estate taxes. After all, it would be best to gift your loved ones your home without any stress or family feuds.
Whatever problem you face, it’s important to have a competent lawyer have your back through it all. If you’d like to get in touch with an expert real estate attorney in Reno, contact us, at Kalicki Collier. With over 60 years of real estate and accounting services, our law firm will provide you with all the help you need to protect your home and yourself.