Real Estate Sale Agreements - Jackson Purchase Attorneys

Find the right Home Sale attorney in Jackson, TN

Home Sale Law in Tennessee

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

For that reason, it's normally best to buy and sell property through a real estate broker. This is a person who helps a person buy or sell a home. They assist as an intermediary between the buyer and seller, help sellers find buyers, and help prospective buyers. They also handle a great deal of the paperwork and other formalities involved.

Some Jackson, Tennessee real estate brokers charge a flat fee, but most take a relatively small percentage of the sale price of a house they assist a client sell.

Getting a Mortgage in Jackson, Tennessee

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 considerablet liability.

Most considerable defects (those which have any effect on the value or safety of the home) should be disclosed even if the buyer doesn't ask about them. If the seller knows of a defect, and a reasonable buyer wouldn't be able to know it through a normal inspection, the seller must disclose it.

Buyers should remember, nonetheless, that if they are not blameless in their failure to discover defects, they might not be able to recover if they sue.

Buyers have to conduct reasonably-diligent inspections of land they want to buy. If they refuse to do so, they can't sue for any defects which they could have easily discovered.

Can a Jackson, Tennessee 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 seasoned Jackson, Tennessee real estate attorney can enable this.

Talk to a Real Estate Law Attorney now!

Life in Jackson

Jackson is located in Madison County, Tennessee. Per the 2010 census, it has a population of 65,211 people.

Some interesting facts about Jackson are that the popular Hub City Hurricanes played in Jackson in 2007. From 1990-2011 the city hosted the NAIA Women's Division I National Championship basketball tournament. Also, the West Tennessee Healthcare Sportsplex hosts many tournaments throughout the year; it is a travel baseball and softball complex.

Some famous residents include Carl Perkins, Casey Jones, Lauren Pritchard, Christopher Jones, Gil Scott-Heron, and Sonny Boy Williamson.

Jackson is also home to many law offices and firms that train attorneys to practice in all areas of law. Thus, residents do not need to travel far to receive excellent legal services.

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