Get A Fort Lauderdale Home Purchase Lawyer
Proudly serving South Florida for over 10 years
Making a home purchase is a substantial financial commitment, and having a skilled lawyer on your side offers reassurance that legal matters are managed with precision. At The Levy Firm PLLC, our meticulous legal services facilitate seamless property transactions. Whether it's your first, next, or second home in Florida, we excel at leveraging deals to your benefit.
Before signing property contracts, it's important to have them reviewed by a legal professional to ensure fairness and identify potential issues. For property purchases in South Florida, reach out to The Levy Firm PLLC for a confidential free consultation. Florida home purchasing attorney Geoff Levy will contact you within 24 hours to discuss your situation and provide guidance.
Tailored home purchasing services for South Florida
There’s more than one way to buy a home in Florida. Various types of real estate purchases have their own characteristics and considerations. Here are some common types:
- Traditional Sale. This is the standard type of home purchase where the seller owns the property outright and sells it to a buyer with accompanying warranties. The transaction typically involves negotiation of the purchase price, home inspection, financing, and closing.
- Short Sale. In a short sale, the seller owes more on the mortgage than the home is worth, and they seek approval from their lender to sell the property for less than the outstanding mortgage balance. Short sales can be complex and may require approval from multiple parties, including the lender.
- Foreclosure Sale. Foreclosure sales occur when a homeowner fails to make mortgage payments, and the lender seizes and sells the property to recoup the outstanding debt. These properties are typically sold at auction, and buyers should be aware of potential risks and complications associated with purchasing a foreclosed property.
- Lease-to-Own Agreement. In this arrangement, the buyer leases the property from the seller for a specified period with the option to purchase the property at the end of the lease term. This arrangement allows buyers to rent the property while building equity and potentially securing financing for the purchase.
- For Sale by Owner. In an FSBO transaction, the seller handles the sale of the property without the assistance of a real estate agent. The buyer and seller negotiate directly and may use standard purchase agreements or customized contracts.
- Quitclaim. A quitclaim deed is another type of real estate transaction, but it's not exactly a purchase agreement in the traditional sense. A quitclaim deed is a legal document used to transfer ownership or interest in a property from one party (the grantor) to another party (the grantee). However, unlike traditional warranty deeds, quitclaims do not offer any guarantees about the property's title.
These are just a few examples of the types of home purchases that occur in Florida. Each type of purchase may involve unique legal, financial, and practical considerations, so buyers should carefully research and understand their options before making a commitment. Consulting Fort Lauderdale real estate attorney Geoff Levy can provide you with valuable guidance that supports your best interests throughout the purchasing process.
South Florida’s trusted boutique real estate law firm
It's important to be familiar with home purchase and sale legal requirements for the State of Florida as well as the county of transaction. It takes extensive experience in negotiating real estate deals and handling property legalities to ensure your rights are protected. The Levy Firm PLLC in Boca Raton has been serving the Tri-County Area and South Florida for more than 10 years. We’ve helped hundreds of people. Find out what we can do for you. Contact us for a free consultation.