Real Estate Sale Agreements - Racine Purchase Attorneys

Find the right Home Sale attorney in Racine, WI

Home Sale Law in Wisconsin

If you are in the process of buying or selling a home, you're probably already aware of the many legal, financial, and other issues that can affect the process and outcome of such a transaction.

While there are no laws in Racine, Wisconsin against individuals buying or selling real estate on their own, this is rarely the best way to go, given the many legal issues surrounding the sale of property.

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

In Racine, Wisconsin, most real estate brokers are paid a commission, represented by a portion of the sale price of the home. Some might charge a flat fee, however.

Getting a Mortgage in Racine, Wisconsin

If the buyer asks the seller a question about the physical condition of the home, the seller is legally bound 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.

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. Typically, any defect that the seller knows about and that the buyer can't be expected to discover through a reasonable inspection, it has to 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.

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

Can a Racine, Wisconsin Real Estate Attorney help?

When buying a house, most people want to focus on the aspects that really 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 Racine, Wisconsin real estate attorney could be invaluable.

Talk to a Real Estate Law Attorney now!

Life in Racine

Racine is located in Racine County, Wisconsin. It is well-recognized because of its location being near to popular sites such as the beautiful Lake Michigan, Root River, Milwaukee and Chicago.

Popular attractions include the Wind Point Lighthouse, S.C. Johnson and Son Administration Building and Research Tower, Racine Zoological Gardens, Thomas P. Hardy House, and Historic Horlick Field.

Famous celebrity athletes from Racine include Bob Foster, Steve Hanson, Don Heinkel, Ed Killian, Jesse Marsch, Brent Moss, Leo Murphy, Alex Scales, Tim Van Galder and Al Zupek.

Racine is also home to many attorneys who actively practice and are capable of handling the legal needs of residents and local businesses. Thus, no one has to travel far from Racine to have their legal needs taken care of.

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