Real Estate Sale Agreements - Cranston Purchase Attorneys

Find the right Home Sale attorney in Cranston, RI

Home Sale Law in Rhode Island

When you are about to buy or sell a home, there are various things that must be considered, not the least of which being the many legal and financial decisions you have to make.

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

Therefore, 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 procedure much easier, helping deal with the tedious details and formalities.

In Cranston, Rhode Island, most real estate brokers are paid a commission, represented by a part of the sale price of the home. Some might charge a flat fee, however.

Getting a Mortgage in Cranston, Rhode Island

First if all, if the buyer asks any question about the condition of the real estate, the seller is absolutely obligated to answer it truthfully. If the seller provides any false information about the condition of the property, and the buyer buys it and later finds out, they can sue the seller for any harm caused, and the diminution in the house's value.

In addition to disclosing any material facts the buyer directly inquires about, most "latent defects" in a house or other piece of property should be disclosed whether the buyer asks or not. Generally, any defect that the seller knows about and that the buyer can't be expected to know through a reasonable inspection, it has to be disclosed.

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

Therefore, 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.

Can a Cranston, Rhode Island Real Estate Attorney help?

Buying a house can be an exciting, but challenging, 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 reputable Cranston, Rhode Island real estate attorney can enable this.

Talk to a Real Estate Law Attorney now!

Life in Cranston

Cranston is located in Providence County, Rhode Island, It was once called Pawtuxet. It is the third largest city in the state, with a population of 80,387 per the 2010 census.

Interestingly, Money Magazine named the city amongst the "100 Best Place to Live" in 2006. CQ Press's conducted research ranks Cranston amongst the "Twenty-Five Top Safest Cities in the U.S."

Popular attractions include the Warwick Mall and the CLCF Building. One unfortunate reason the city is known is because in 2010, the Pawtuxet River overflowed, adversely affecting many prominent sites and residences around Cranston.

Famous residents include A.J. Smith, Deon Anderson, Hugh Duffy, Mark Van Eeghen, Michael Parkhurst, Vinny Paz, Will Blackmon, Tom Denucci, Jeff Diehl, and Mike Stud.

Cranston is also home to attorneys that are able to provide residents and local businesses with excellent legal advice. Therefore, residents and business owners do not need to travel far to have their legal needs taken care of.

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