Real Estate ownership, management and sales can require the services of an attorney in many different ways, including:
(1) Selling real estate with the least transfer cost and income tax burden.
(2) Purchasing real estate in individual or entity names to accomplish the best tax result on a later sale and to avoid transfer on death cost.
(3) Subdivision of real estate for residential or commercial real estate development in compliance with local, state and federal laws and by the most efficient and cost effective means.
(4) Preparation of Deeds and leases for renting or selling residential, commercial and agricultural real estate and recording of documents in the office of the local recorder of deeds where necessary.
(5) Title Insurance for a purchaser of real estate to receive an insured title which is today typically required for real estate sales and some leases and always necessary if a purchase money loan from a bank or other commercial lender is involved.
(6) State and Local government law compliance with the state statutes and local government codes and ordinances of the unit of government where the real estate is located in order to lease, sell, subdivide or develop residential or commercial real estate.
(7) To take advantage of public real estate development incentives to reduce developer’s costs and thereby increase their profits (such as tax Increment financing, sales tax rebate financing, business district sales tax, and other government provided incentives).
(8) Litigation involving boundary disputes, real estate ownership, clearance of real estate title encumbrances, government eminent domain taking and valuation of real estate, partition of real estate by a court to force sale of real estate held in joint ownership, and other matters involving real estate disputes.
If you are involved in acquiring, selling, leasing, owning, or developing real estate you will need a competent and experienced attorney to assist you and protect you. As a result you will likely avoid taxes, liability, litigation and other pitfalls that a property owner can be exposed to or involved in.