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Los Angeles Residential Real Estate Lawyer

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Residential Real Estate Transactions In Los Angeles, CA

Real estate litigation is a complicated matter. Even if you have experience in real estate deals, each transaction has its own set of regulations that can be challenging to navigate. Luckily, at EJP Law, P.C., P.C., we are highly experienced in California real estate law and can assist you in reviewing a real estate transaction to ensure that everything is done properly. Our skilled and knowledgeable Los Angeles residential real estate lawyer can help buyers and sellers through any and all real estate transactions throughout the greater Los Angeles area. Contact our office today for a consultation and to learn more about how we can help.

Guiding You Through Residential Real Estate Transactions

It’s important to have a residential real estate attorney in Los Angeles with you to provide counsel if you’re unsure about anything in a real estate transaction. There are many rules in California regarding real estate matters, most of which benefit the consumer. For instance, if you’re considering buying a house next to an unsightly lot with power generators, there may be laws regulating the proximity of such structures to residential areas. It’s possible that the entire power grid may need to be moved to a new location, which will make the lot available for constructing something more attractive in your local community. Our services assist clients with various real estate transactions, such as:

  • Purchase, sale, and option agreements
  • Due diligence
  • Title insurance
  • Easements
  • Boundary and encroachment matters
  • Commercial leases
  • Property finance, including deeds of trust
  • Contaminated property transactions
  • Land use, zoning, and entitlements
  • Subdivision map act
  • Condominium laws
  • Real estate development

Real Estate Transactions For Home Buyers In California

Buying a home involves various crucial steps, such as working with professionals like a lender and a real estate agent. Our Los Angeles residential real estate lawyer can also assist you by reviewing contracts and representing you during negotiations to ensure that your interests are protected. We offer legal services to homebuyers, including the following:

  • Financing agreement review – As a homebuyer, it’s crucial to secure financing from a lender before making an offer on a house. We can examine your mortgage agreement to safeguard you from predatory lending practices or unfair terms that could harm you.
  • Purchase agreement review and negotiation – To proceed with buying a home after the seller accepts your offer, you must enter a purchase agreement. We can assist you with reviewing the agreement and negotiating several factors such as closing costs, repair costs, and completion timeframes. If you need to sell your current home before buying the new one or want a home inspection or title search, we can help you negotiate for contingencies.
  • Closing representation – At the end of the home buying process, you’ll need to attend a home closing where you’ll sign a lot of paperwork in order to finalize the transaction. We’ll be there with you, representing you and helping you understand all the details of what you’re agreeing to. If any last-minute problems pop up, we’ll work to resolve them for you.

Real Estate Transactions For Home Sellers In California

To ensure a smooth transaction, home sellers have important responsibilities. Our legal services cater to those who wish to sell their homes, some of which include:

  • Guidance regarding disclosure requirements – In California, sellers are obligated by law to provide detailed information about the property to buyers. This information includes any harm, defects in the structure, and any legal claims against the property. We can assist you in meeting these requirements to prevent the sale from falling apart or legal action being taken against you for violating the contract.
  • Resolution of title encumbrances – If there are liens or easements on the title of your property, or if you have disputes with any co-owners, it can prevent a sale from happening. However, we can assist you in resolving these issues so that the sale can proceed smoothly.
  • Review and negotiation of the purchase agreement – Having a residential real estate attorney in Los Angeles negotiate on your behalf can also be advantageous for sellers. We can assist you in negotiating the buyer’s earnest money deposits and devising the best possible response to any requests made by the buyer.
  • Representation at closing – As a seller, you don’t necessarily have to be present for the home closing, but it’s still important for you to fulfill your responsibilities before the closing date to ensure that the transaction can be completed. We can assist you with fulfilling your responsibilities and will be present at the closing to help you address any issues that may arise.

Handling Easements & Arbitration

One of the key real estate matters we manage pertains to easements. An easement is a form of interest in land held by another person that permits them to use and enjoy the land, without owning it. In essence, an easement grants its holder a right to use the land for a defined purpose. Easements can be established out of necessity, by legal prescription, or with the agreement of the parties involved.

Arbitration is a faster and less expensive way to resolve many real estate issues compared to going to court. The final decision made in arbitration is legally binding, just like a court order, and follows the same rules as a trial but is less formal. You can either choose to go through arbitration or sometimes it is required. The terms can be binding or nonbinding. Nonbinding arbitration is more like mediation, where both parties try to reach a compromise.

The Role Of A Real Estate Broker In Real Estate Transactions

A real estate broker is someone who helps facilitate the buying and selling of properties. They are considered trustworthy and are required to provide honest and dedicated service to their clients. This includes sharing all relevant information about the property and its services.

When dealing with real estate located in earthquake fault or hazardous zones, a specific form outlined in California Civil Code §1103.2 must be used. Real estate brokers must conduct a thorough visual investigation of the property and disclose any information that could impact its value or appeal in a competent and diligent manner.

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Frequently Asked Questions

When Is a Real Estate Agreement Binding?

If you are involved in a residential real estate transaction as a buyer or seller, it is important to have a written agreement. This is required by the statute of frauds rule to make the agreement legally binding. The same is true for renting property – if the lease is for more than one year, the agreement must be in writing.

It is crucial to consult with a Los Angeles residential real estate attorney before signing any written document. Even a “letter of agreement” or “letter of understanding” that is typed or handwritten can become a binding contract. Many people mistakenly sign such documents assuming they are not contractual and end up relinquishing their rights. The best approach is to refrain from signing anything without getting legal advice beforehand.

What Is “Specific Performance”?

If one party fails to comply with a real estate contract, the other party may request specific performance. If you are in such a situation, you can take legal action against the other party to compel them to finalize the transaction. It is important to provide evidence to support your case.

  • The agreed sale price is fair and adequate
  • The agreement is just and reasonable
  • The terms in the contract are enforceable
  • The performance sought after is the same as promised in the contract

Our residential real estate lawyer in Los Angeles can help you with contract disputes regarding your real estate by utilizing their expertise in construction and business law.

Contact Our Los Angeles Residential Real Estate Transactions Lawyer

If you are facing any type of residential real estate transaction issues in California, contact EJP Law, P.C., P.C. right away. Our Los Angeles residential real estate lawyer has extensive experience helping individuals throughout the greater Los Angeles area resolve their real estate matters. We protect our client’s interests through all aspects of their case. Contact our office today for a consultation and to learn more about how we can help.

All information provided is for educational purposes only, does not constitute legal advice, and does not establish an attorney-client relationship.