Real Estate Sale Agreements - Fort Collins Purchase Attorneys

Find the right Home Sale attorney in Fort Collins, CO

Home Sale Law in Colorado

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

While no Fort Collins, Colorado law prohibits people from buying or selling land on their own, this is not always the best idea. There are many intricate issues that can affect the outcome of a property sale or purchase.

Many individuals, families, and small businesses rely on real estate brokers to find property for them. Real estate brokers are professionals who help as middlemen or women between the buyers and sellers of real estate.

In Fort Collins, Colorado, brokers typically receive compensation in the form of a percentage of the sale price of the home.

Getting a Mortgage in Fort Collins, Colorado

If the buyer asks the seller a question about the physical condition of the home, the seller is legally required to answer it honestly. If the seller lies when asked a direct question, they have committed a serious form of fraud, and, if sued by the buyer, will incur substantialt liability.

There are some defects, however, that the seller should disclose whether asked or not. Usually, if the seller knows about any defects that are not readily apparent, he or she should disclose them to the buyer, whether or not the buyer directly asks. This will greatly reduce the chances of the seller being held liable for any defects.

Buyers, nonetheless, are not off the hook in this matter. If they ignore defects that they could have quickly discovered, they probably won't be able to recover for them.

Consequently, buyers must inspect the property before they buy it. If they don't, they can't sue for any defects they later become aware of, if an inspection would have revealed those defects.

Can a Fort Collins, Colorado Real Estate Attorney help?

When buying a house, most individuals want to focus on the aspects that directly matter to them, such as moving in. For that reason, it's highly desirable that the process of buying and selling a house goes as smoothly as possible. To that end, a good Fort Collins, Colorado real estate attorney could be invaluable.

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Life in Fort Collins

Fort Collins is a medium-sized city. It is a home-rule municipality, meaning that it is not part of any county, and the state of Colorado has delegated some of its authority to the city, which the city can exercise within its own borders. It has a population of about 137,000. Fort Collins is generally known as a college town, being home to Colorado State University. The city of Fort Collins frequently ranks near the top of Money Magazine's list of best places in the U.S. to live. Because of the large college-aged demographic, Fort Collins has a thriving music and art scene, as well as a large number of well-regarded microbreweries. Fort Collins has a healthy and diverse economy, with major employers such as Colorado State University, Hewlett Packard, AMD, Wal-Mart, and many others providing thousands of public and private-sector jobs, in a wide variety of fields. Given its size, diversity, and vitality, it should come as no surprise that, with all the business that's done in Fort Collins, there are sometimes legal issues. For that reason, it shouldn't be a surprise that there are many Fort Collins, Colorado lawyers who are very skilled. If you're facing a legal issue, a Fort Collins, Colorado lawyer can help.

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