Oklahoma City Real Estate Lawyers

Find the right Real Estate attorney in Oklahoma City, OK

Real Estate Law in Oklahoma

Oklahoma City's real estate industry is controlled by a huge body of laws. This is because almost any real estate transaction invokes laws regarding civil rights, consumer protection, land use, and contracts.

Real estate law in Oklahoma City can be fairly intricate, especially when it comes to things like mortgages and the resolution of disputes over construction defects.

Therefore, it's a smart idea to obtain at least a very basic knowledge of how real estate law in Oklahoma City works.

Having at least some knowledge of real estate law will be to your advantage in basically any real estate transaction. Knowing the law can give you a bargaining advantage and prevent you from being saddled with obligations that you don't have to assume.

Common Real Estate Law Issues in Oklahoma City

Financing: Not too many individuals or small businesses in Oklahoma City can purchase real estate with the cash on hand, simply because land is expensive, and few people have hundreds of thousands (or even millions) of dollars in the bank. In buying real estate, a mortgage is an outstanding solution for most people. Of course, you still have to pay the full price of the real estate you're buying, but a mortgage allows you to do this in installments, over a period of years.

Zoning: Zoning laws govern what types of structures can be built on given parcels of land. Usually, cities and towns are zoned in order to ensure that neighborhoods are clearly divided into residential, commercial, and industrial categories, to ensure that everyone who uses the land can make the best possible use of it, for their particular purpose

Duty of Disclosure: Sellers of homes are bound by a legal duty to disclose defects in the home to prospective buyers, before they purchase the house. Any defect which the seller knows (or reasonably should know) about, and which cannot be discovered by the buyer through an usual inspection, must be disclosed to the buyer.

Implied Warranties: In Oklahoma City, every residential rental agreement carries with it a warranty of habitability, in which the landlord implicitly promises that the unit is fit for human habitation. This applies whether or not such a warranty is mentioned in the lease agreement, and it still applies even if the landlord tries to disclaim any such warranty. There are many circumstances that might make an unit uninhabitable. A few examples are a lack of electricity, no running water, or no heating.

Can a Oklahoma City Real Estate Lawyer Help?

The issues briefly discussed above, as well as many others, can be very confusing. Accordingly, if you are engaged in any real estate transaction, it's never a bad idea to first consult with an experienced Oklahoma City real estate attorney.

Talk to a Real Estate Law Attorney now!

Life in Oklahoma City

Oklahoma City, Oklahoma is the capital of, and largest city in, the state of Oklahoma. It has a population of over 551,000 people, and its greater metropolitan area has over 1 million residents.

Oklahoma City, Oklahoma is home to a growing and diverse economy. It was once a major center for government employment and energy exploration, but its economy has transitioned into more stable and diverse sectors, helping to secure relative economic stability. In 2008, Forbes Magazine named Oklahoma City as one of the most "recession-proof" cities in the U.S. Its economy currently revolves around information technology, service, health care, and administration. It is home to 2 Fortune 500 companies, both of which are in the energy sector.

Oklahoma City has, unfortunately, become strongly associated with the 1995 terrorist attack against the Alfred P. Murrah Federal Building, which is still the largest act of domestic terrorism in U.S. history. It should be obvious, however, that Oklahoma City is far more than the site of a historic tragedy, and has a great deal to offer residents and visitors alike.

If you live in Oklahoma City, and need legal services, it's very likely that an Oklahoma City, Oklahoma attorney can help you.

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