Real estate property is often the largest investment people make during their lifetimes. At Murphy & Fay, LLP, our experienced Rhode Island real estate attorneys provide a full array of legal services relating to residential and commercial real estate transactions. We help homeowners, buyers and sellers navigate the process to make sure that your interests are protected.
If you are buying a piece of property, have someone from Murphy & Fay, LLP review the Purchase and Sale Agreement. Make sure you are protected as the buyer. Even the standard Purchase and Sale Agreements sometimes have language in there that we recommend be either modified or removed. So again, if you’re thinking on buying a property, come to Murphy & Fay, LLP. We’ll be more than happy to review your Purchase and Sale Agreement and walk you through the entire process.
Is there any way to speed up the closing time when buying a house?
With regard to speeding up the time to close on a property, it really dependents on what you put in the contract. You can give yourself a short period of time if you think you can get all your inspections done within that time period. Typically you want to give yourself a longer period of time if you are going to be obtaining financing for the property.
How can you help someone who purchased a property and was misled by the seller?
Unfortunately in many cases, the buyers have been misrepresented by the sellers in the purchase of their home. Here at Murphy & Fay, LLP, we can help you with that process. It is important that you contact us as soon as you can because in many cases there may be a case against the home inspector. Home inspector contracts are very limited and have very short periods of time to notify the home inspector about a potential claim. Sometimes they are even limited in the amounts of damages you can recover.
In some cases when the buyer has suffered from misrepresentation by the seller, we can sometimes name the real estate agency or the Realtor who may or may have not known of the potential misrepresentation. We can obviously also name the home owner if we can establish that they did in fact misrepresent something that induced you to buy a property you shouldn’t have or a property that was somehow damaged or marginalized.
If you need assistance with a real estate transaction, contact one of our experienced Rhode Island real estate lawyers at 401-490-3200 for a free consultation.