Real Estate Sale Agreements - Bristol Purchase Attorneys

Find the right Home Sale attorney in Bristol, RI

Home Sale Law in Rhode Island

When you are about to buy or sell a home, there are numerous 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 Bristol, Rhode Island for individuals to buy or sell property on their own, this is not the only (or necessarily best) option. There are many intricate legal and financial issues involved, so the assistance of a professional is advisable.

Accordingly, 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 process much easier, helping deal with the tedious details and formalities.

In Bristol, Rhode Island, 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 Bristol, Rhode Island

First if all, if the buyer asks any question about the condition of the real estate, the seller is absolutely required 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. Usually, 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.

Usually, buyers have a duty to conduct a reasonable inspection of the property before buying it. Therefore, buyers typically can't recover for defects that could have been discovered via reasonable inspection, unless the seller actively conceals them.

Can a Bristol, Rhode Island Real Estate Attorney help?

Buying a house can be an exciting, but difficult, 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 knowledgeable Bristol, Rhode Island real estate attorney can enable this.

Talk to a Real Estate Law Attorney now!

Life in Bristol

Bristol is located in Bristol County, Rhode Island. It is a small city with a population of around 23,000 people. It is a seaport that is named after Bristol, England. In fact, the atmosphere at Bristol Harbor is very serene and peaceful. It is one of Bristol's most beautiful spots!

Major industries that drive Bristol's economy include boat building, manufacturing and tourism. Some great attractions include America's Cup Hall of Fame, Blithewold Mansion, Gardens and Arboretum, Bristol County Jail, Bristol County Courthouse, Bristol Ferry Lighthouse, Colt State Park, Gillary's Tavern, Herreshoff Marine Museum, Linden Place, Mount Hope Bridge, Poppasquash Farms Historic District, Joseph Reynolds House, and Coggeshall Farm Museum. As evident, Bristol is a history-lover's delight!

Bristol is also home to many law offices established by competent attorneys. These attorneys are well-experienced in many areas of law, making them easily able to handle the legal needs of residents and local businesses.

All in all, Bristol has it all--beauty, history, charm, and serenity!

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