Real Estate Sale Agreements - Anchorage Purchase Attorneys

Anchorage Buying & Selling a Home Lawyers, AK

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Pitfalls When Selling Your Home in Anchorage, AK

Buying or selling a home is one of the most important decisions that most people make in their lifetime. It also involves some very complex legal and financial issues.

While it's possible in Anchorage, Alaska for individuals to buy or sell property on their own, this is not the only (or necessarily best) option. There are many complicated legal and financial issues involved, so the assistance of a professional is advisable.

Accordingly, many people decide to go through a real estate broker when they're buying or selling a house. A real estate broker is a professional who serves as an intermediary between buyers and sellers. They can make the process much easier, helping deal with the tedious details and formalities.

In Anchorage, Alaska, real estate brokers are usually compensated with a percentage of the home's sale price.

Required Disclosures Concerning Property and Real Estate Sale Agreements in Anchorage, Alaska

If the buyer asks a direct question concerning the physical condition of the property, the seller must answer it truthfully. Misrepresenting a material fact in a real estate transaction is a very serious form of fraud, and could give rise to significant damages against the seller.

There are some defects which should be disclosed whether asked or not. Any defect which the seller is aware of, and the buyer can't be reasonably expected to discover before buying the house, must be disclosed.

Of course, buyers are also expected to conduct due diligence. In a lawsuit for nondisclosure, courts won't reward a lack of diligence.

Accordingly, if a buyer fails to conduct a reasonable expectation of the property, he or she cannot recover for any harm caused by defects that such an inspection would have revealed.

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Can a Anchorage, Alaska Real Estate Attorney help with Real Estate Sale Agreements?

Buying a house can be an exciting, but difficult, experience. Most home buyers want to focus on the positive aspects that come with home-ownership, and ignore the tedious paperwork and legal issues. A brilliant Anchorage, Alaska real estate attorney can enable this.

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Life in Anchorage

Anchorage has been voted an "All America City" four times and makes up over 40% of Alaska's total population. The city motto is "Big Wild Life" and there's plenty of it. A survey found roughly 300 black bears and moose, along side 60 grizzly bears call Anchorage home year round. The numbers of moose increase over 1,000 in the winter months. There are also wolves, foxes, beavers, and all other manner of moderate and small native animals that can be easily spotted in Anchorage. That's why so many people decide to visit Anchorage each year. 

Tourism play a major role in the economy with natural resource extraction, local and federal government, transportation services, and the military. There are two major military installations in Anchorage, Elmendorf Air Force Base and Fort Richardson, as well as the Kullis Air National Guard Base. In addition to military personnel, the military employs another 8,600 Anchorage civilians. There are a number of airlines headquartered in Anchorage like Alaska Central Express and Hageland Aviation Services but the petroleum industry is one of the most important. Giants like BP and ConocoPhillips have drilling and transportation services in Anchorage that employ thousands of locals.

The International Ice Carving Competition is one aspect to the annual of the Fur Rendezvous Festival held in Anchorage's Alaska Center for the Performing Arts. The festival had a record attendance in 2000 with over 250,000 people visiting. The legendary 9-15 day long Iditarod Trail Sled Dog Race begins ceremonially each year downtown on 4th Street and ends in Nome, Alaska. The race stretches 1,049 miles that are timed. It's known as one of the most intense sporting events due to the distance and blizzards.

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