Real Estate Attorneys Wilkes-Barre, PA

Sales

Many of our clients come to us for assistance in the sale of commercial property. We have the experience to guide you in all steps of the transaction.

You should never rush into a commercial property transaction, as a significant amount of money is at stake. By conducting risk analyses and examining all details of your situation, we will help you make informed decisions.

We have helped clients sell a range of business enterprises, including:

• Warehouses
• Multifamily Housing Property
• Office Parks
• Industrial Property
• Hotels
• Gas stations and mini marts
• Restaurants and taverns

Risk vs Benefits

By thoroughly analyzing the risks of your commercial real estate sale, we can help mitigate potential problems and encourage a successful outcome. Our experienced attorneys can help eliminate or reduce risks while potentially increasing benefits.

Leasing

Many business owners choose to lease rather than purchase commercial property. However, there are several factors a business owner should keep in mind before signing a commercial lease.

A Commercial Lease is Not the Same As a Residential Lease

Unlike residential leases, commercial leases aren’t covered by consumer protection laws – the law provides less protection from corrupt landlords and other issues. In addition, commercial leases are more varied than residential leases. Terms and conditions may vary widely depending on the business. In addition, while there may be more room to negotiate in a commercial lease, the lease is typically in effect for a longer period of time (often several years as compared to one year for most residential leases). Therefore, they require a more significant commitment and are harder to break.

Ensure These Details Are Covered in Your Commercial Lease

• Rent amount and increases
• Security deposit
• Length of the lease
• Description of the property
• Potential improvements to be made
• Subletting options

There are many other factors to consider, including whether the lease prohibits advertising signs, the exclusivity clause and use clause, and compliance with the Americans with Disabilities Act.

Our attorneys can help guide you if you are considering leasing commercial property. We help draft lease contracts that protect all parties and their interests.

How Can a Lawyer Assist with a Real Estate Purchase?

Purchasing real estate is a complicated transaction, so it’s wise to work with a lawyer who specializes in real estate law. A lawyer can walk you through every step of the transaction, assist with the paperwork, conduct a title review and look out for your best interests. If he or she notices something strange at any point of the process, you will be notified right away. If you have an experienced lawyer on your side, you are more likely to have a faster and less stressful transaction.

What Is a Title Review?

A title review is a process that confirms the seller actually owns the property and provides an overview of all rights affecting the property. It’s definitely important to conduct a title review before you buy a home. It will help you avoid problems if you want to sell the home in the future.

If the Seller Agreed to Make Certain Repairs to a Home and Doesn’t, What Should I Do?

If the person who sold you the home promised to make repairs on the home and hasn’t come through, it can be very frustrating. However, it’s important to remain calm. First, contact your real estate agent to find out if arrangements were made that you didn’t know about. If the seller, however, doesn’t plan to make repairs, you want to speak with a real estate law lawyer about pursuing legal action.

What Do I Have to Bring to Closing?

Closing is the final part of a real estate transaction and is very exciting. However, it’s important to be prepared for it and bring the right documents. To make sure everything goes smoothly, don’t forget to bring a cashier’s check, a photo ID and proof of home insurance.

Am I Responsible for Repairs After Purchasing a Home?

Yes, generally homebuyers are responsible for handling repairs after closing on a home. However, if the seller fails to reveal a major problem, that’s considered fraud. In this situation, the seller may be responsible for repairing the issue.

What Is a Short Sale?

A short sale occurs when a homeowner sells a property for less than what is currently owed on the mortgage. A homeowner may want to have a short sale if he or she can no longer afford the mortgage. However, it is important to reach a written agreement with the lender so that the borrower is not responsible for the remaining balance on the mortgage.

If a Real Estate Dispute Arises, Do I Have to Go to Court?

As a real estate law attorney can confirm, real estate disputes can arise for a number of different reasons, from boundary disputes to property defects. While it can be nerve-wracking to deal with a real estate dispute, you don’t necessarily have to go to court. Litigation can be very expensive and stressful. Depending on the issue at hand, you may be able to resolve it through negotiation.

Wilkes-Barre Real Estate Attorneys

If you want to buy a home, consider speaking to Wilkes-Barre, PA real estate attorneys. Making a real estate purchase can have legal challenges. The legal professionals at Hoegen & Associates, P.C. are here to help.

Contract Negotiation And Review:

• Real estate attorneys specialize in negotiating and reviewing contracts related to property transactions.
• They ensure that all terms and conditions are clear, legally binding, and favorable to their clients.
• Their expertise helps prevent potential disputes and protects clients from legal pitfalls.

Title Examination And Due Diligence:

• Real estate attorneys conduct thorough title examinations to verify the legal ownership of properties.
• They perform due diligence to identify any encumbrances, liens, or restrictions that may affect the property’s marketability.
• This meticulous process ensures that clients have a clear and marketable title before completing a real estate transaction.

Closing Procedures:

• Real estate attorneys oversee the closing process, ensuring that all necessary documents are properly executed and filed.
• They coordinate with lenders, title companies, and other parties involved in the transaction to ensure a smooth closing.
• Their attention to detail helps avoid delays and ensures that the transaction is legally binding.

Property Disputes And Litigation:

• Real estate attorneys represent clients in disputes related to property ownership, boundary disputes, and landlord-tenant conflicts.
• They advocate for their clients’ interests through negotiation, mediation, or litigation, depending on the nature of the dispute.
• Their legal expertise helps resolve conflicts efficiently and protect clients’ rights.

Zoning And Land Use Matters:

• Wilkes-Barre real estate attorneys assist clients with zoning and land use regulations, helping them navigate complex local ordinances and regulations.
• They represent clients in zoning hearings and appeals, advocating for favorable outcomes and compliance with regulatory requirements.
• Their knowledge of land use law helps clients maximize the potential of their properties while ensuring compliance with applicable regulations.

Real Estate Investment And Development:

• Real estate attorneys advise clients on investment strategies, property development, and land acquisition.
• They assist with entity formation, financing arrangements, and regulatory compliance for real estate development projects.
• Their legal guidance helps investors and developers mitigate risks and maximize returns on their real estate investments.

Lease Agreements And Property Management:

• Real estate attorneys draft and review lease agreements for commercial and residential properties.
• They negotiate lease terms, including rent, lease duration, and maintenance responsibilities, to protect their clients’ interests.
• Their expertise ensures that lease agreements are legally sound and enforceable, minimizing the risk of disputes between landlords and tenants.

Tax Planning And Asset Protection:

• Real estate attorneys advise clients on tax planning strategies to minimize tax liabilities related to real estate transactions.
• They help structure real estate investments and transactions to maximize tax benefits and protect assets.
• Their understanding of tax laws and regulations helps clients optimize their real estate holdings and preserve wealth.

Wilkes-Barre real estate attorneys play a vital role in facilitating real estate transactions, resolving disputes, and protecting clients’ interests in the complex world of real estate. Their expertise spans contract negotiation, title examination, closing procedures, property disputes, zoning matters, investment strategies, lease agreements, tax planning, and asset protection. Whether representing buyers, sellers, investors, developers, landlords, or tenants, real estate attorneys provide valuable legal counsel and representation that is essential for navigating the intricacies of the real estate market.