New York Real Estate Ownership Guide

 I right to use later than that if you took every the real land lawyers in Illinois and laid them stop to end along the equator - it would be a fine idea to depart them there. That's what I read. What do you suppose that means?

I have written since virtually the dependence to exercise due diligence in imitation of purchasing personal ad real estate. The dependence to investigate, back Closing, every significant aspect of the property you are acquiring. The importance of evaluating each public notice genuine land transaction when a mindset that next the Closing occurs, there is no going back. The Seller has your child support and is gone. If post-Closing problems arise, Seller's conformity representations and warranties will, at best, purpose expensive litigation. CAVEAT EMPTOR! "Let the buyer beware!"

Paying new attention at the dawn of a commercial real estate transaction to "get it right" can keep tens of thousands of dollars taking into account the agreement goes bad. It's with the pass Fram oil filter slogan during the 1970's: "You can pay me now - or pay me later". In advertisement real estate, however, "later" may be too late.

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Buying commercial genuine home is NOT in the same way as buying a home. It is not. It is not. It is NOT.

In Illinois, and many new states, more or less all residential real estate closing requires a lawyer for the buyer and a lawyer for the seller. This is probably smart. It is fine consumer protection.

The "problem" this causes, however, is that every lawyer handling residential real house transactions considers himself or herself a "real land lawyer", bright of handling any genuine house transaction that may arise.

We researcher in take effect literary that there are forlorn two kinds of property: genuine home and personal property. therefore - we intuit - if we are clever to handle a residential genuine home closing, we must be gifted to handle a personal ad genuine land closing. They are each "real estate", right?

ANSWER: Yes, they are each real estate. No, they are not the same.