Miami Real Estate Transaction Insight
THE PERAZZO LAW FIRM ASSISTS REAL ESTATE TRANSACTION CLIENTS IN MIAMI
Are you looking to buy a house, sell an apartment, rent a business space? Perazzo Law provides best insight into Real Estate transactions in Miami and any of the Cities We Serve in Miami-Dade and Broward Counties.
Whether you, a friend, or relative is buying, selling, leasing, or involved in any type of Real Estate transaction, in Miami, Perazzo Law knows that what sounds simple, can become overwhelmingly complex and financially disastrous if not for our professional and dedicated legal representation to accompany our client's best interests.
Real Estate transactions can involve several parties and not just the buyer and the seller. Very often a real estate agent, realtor, notary, broker, lawyers, and others. There are fees when these parties are involved in Real Estate transaction in Miami. Perazzo Law warns about preventing these third parties to capitalize on the other party's naivety when purchasing or selling property. There are certain terms that accompany the procedures involved in real estate transactions in Miami and any of the Cities We Serve in Florida.
The array of Real Estate vocabulary, jargon, and lingo can turn bewildering to Florida residents embarking on the journey to becoming a property owner or selling land they inherited or bought. In Miami, Perazzo Law serves aspiring first-time home-owners by making sure they proceed accordingly and without losing site of their legal rights and those of agents, brokers, and other individuals or institutions involved in a real estate transaction in Miami-Dade or Broward.
Agent: A licensed professional representing property owners that wish to sell or individuals looking to purchase real estate. Agent fees involve commission based on a percentage of the property in question. Agents are needed to look for, buy, purchase, and sometimes rent property.
Broker: A broker is basically an agent or "listing brokers" or "listing agents," hired by property owners to help market real estate in return for commission from the sale, purchase of real estate.
Closure: There are several important aspects concerning the Closing of a Real Estate transaction. Perazzo Law knows that the end result is to get the money in the bank, either through a check or wire transfer. The closing represents the moment the property transaction is completed by signing the final contract which continues the terms of the purchase, transfer, or sale of the property in question. At the closing, the seller signs over the deed. This will most often require a Notary to oversee the signing to verify signature legitimacy. Also, the closing is when the seller presents the buyer with the keys to the property being sold. The closing is also when any corresponding taxes, fees to lawyers, brokers, agents, etc are paid.
Deed: The official legal document that states that an individual, entity, etc., owns property. A deed is needed to sell or transfer ownership to another individual or organization. The Title is not the same thing as the Deed. (see Title)
Deed of trust: A form of real estate security agreement that provides security interest in real estate which usually includes power of sale that grants a trustee quick non-judicial sale over a judicial foreclosure.
Foreclosure: The legal process by which a lender tries to recover the amount a loan due from the party that borrowed an amount no longer being paid. Foreclosure includes selling the property to payback the remainder of the unpaid loan or mortgage.
Alternatives to Foreclosure:
There are many alternatives to foreclosure that our attorneys can assist you with, including a short sale or a modification to make sure that all of the resources that you need to assist you with a short sale are here at our firm -- you will not need to go to several professionals to "piece together" a team to assist you. If you need a knowledgeable, trusted realtor who knows the market and the short sale process, we work closely with those who can make sure your needs are met. It is critical that every aspect is covered and considered in advance to provide our clients with the best success opportunities. The Perazzo Law Firm is dedicated to guaranteeing a thorough transaction process that is protected by law.