Real Estate Sale Agreements - Mequon Purchase Attorneys

Find the right Home Sale attorney in Mequon, WI

Home Sale Law in Wisconsin

If you are in the process of buying or selling a home, you're likely 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 Mequon, Wisconsin against persons buying or selling real estate on their own, this is rarely the ideal 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 help as middlemen or women between the buyers and sellers of real estate.

In Mequon, Wisconsin, 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 Mequon, Wisconsin

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. Usually, 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.

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 Mequon, Wisconsin 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 reliable Mequon, Wisconsin real estate attorney can enable this.

Talk to a Real Estate Law Attorney now!

Life in Mequon

Mequon, Wisconsin is a city located in Ozaukee County. Its population is about 23,000 people. It was recently ranked very highly among the top 20 small cities in the U.S. to live in.

The area now known as Mequon was inhabited by various Native American tribes thousands of years before the arrival of white settlers in the early to mid 1800s. Around that time, about 20 German families established a sort of sub-community called "Freistadt" which means "Free City" in German. They came to the United States to escape religious persecution in their native land. The families were Lutheran, and Germany at the time was predominantly Catholic. They established the first Lutheran Church in Wisconsin. Freidstadt is now a neighborhood within the city limits of Mequon, Wisconsin.

Nowadays, Mequon, Wisconsin is a quiet, affluent suburb of Milwaukee. The median household income in Mequon is over ,000, and less than 2% of the population lives below the poverty line.

There are plenty of lawyers in and around Mequon, Wisconsin to serve the residents and businesses of the area. Mequon's affluence and proximity to a large city means that a large percentage of Mequon, Wisconsin lawyers are used to handling complex and sophisticated cases, making it all the more likely that a Meqon, Wisconsin lawyer will be able to take whatever type of case you are likely to have.

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