Few events are more thrilling and rewarding than a Real Estate Closing, provided you have an experienced Real Estate Lawyer by your side.<\/p>\n\n\n\n
A Real Estate Closing not only marks the end of a successful property deal, but the beginning of a new chapter your life. Whether you are buying your first home or finding the ideal location for your business, your goal will be the same: Navigating the many procedures and requirements of a property transaction until you get legal ownership of your new residence or commercial space.<\/p>\n\n\n\n
With a Jurado & Associates Real Estate Lawyer by your side, your likelihood of reaching this vaunted goal will increase markedly, thanks to our comprehensive understanding of all the complex moving parts that stand between you and your closing.<\/p>\n\n\n\n
Sometimes known as a \u201csettlement\u201d or simply \u201ccompletion,\u201d a real estate closing is the last step in the property buying process before the property is officially in your ownership. Yet it is a process onto itself, consisting of far more than simply exchanging funds for the keys to the property.<\/p>\n\n\n\n
A real estate closing is the culmination of a multistep process that can span several weeks, or possibly longer depending on the complexities of the transaction or other factors. Once the seller accepts your offer for their property, a written purchase agreement\u2014also known as a sales agreement or contract\u2014is made setting forth the terms, conditions, and duties of both parties as well as the closing date.<\/p>\n\n\n\n
Creating a purchase agreement is its own process, typically requiring diligent review and deft negotiation to protect your interests while satisfying the seller. It is at this point that the parties determine their agreed-upon closing date, which can be a set date (usually 30 to 60 days from execution of the contact) and\/or conditioned on a particular event (such as the buyer obtaining a loan approval from a lender).<\/p>\n\n\n\n
This process is particularly important in a commercial real estate closing, where buyers legally obligated to perform \u201cdue diligence\u201d\u2014i.e., knowing all the potential assets and liabilities of the property you are acquiring. The onus is on the buyer of a commercial property to know what they are getting into before reaching closing, so if any issues with the property emerge after <\/em>closing, they will be your burden to bear. A commercial purchase agreement should address these issues\u2014for example by requiring the seller to provide a Certificate of Zoning Compliance proving the property meets all applicable zoning rules.<\/p>\n\n\n\n Luckily, Jurado & Associates has years of experience representing both residential and commercial buyers in their property transactions and will know what to look for and how best to safeguard your interests.<\/p>\n\n\n\n Once the purchase agreement is executed\u2014i.e., signed by the buyer and seller\u2014then you can begin the multistep process towards what should be a smooth and satisfactory closing.<\/p>\n\n\n\n The following steps are common in most real estate closings, whether residential or commercial. Understanding them\u2014and hiring an attorney with expertise and experience in real estate\u2014will be key to improving your chances of reaching the real estate closing.<\/p>\n\n\n\n Since there are many \u201chidden hazards\u201d that even an effective title search will not uncover, you should also purchase a title insurance policy to protect you from future issues that may emerge. Jurado & Associates has the tools and experience to conduct a meticulous title search and draft an effective title insurance policy.<\/p>\n\n\n\n Your Jurado & Associates Real Estate Attorney will work diligently to determine and provide a clear, itemized list of the closing costs ahead of the closing. If need be, we will also help negotiate costs that seem spurious or should fall on the seller.<\/p>\n\n\n\n Recall that the inspection process is even more critical to commercial buyers <\/a>[SL1]<\/a> since they are legally obligated to perform their due diligence before closing on the deal.<\/p>\n\n\n\n These are just a few of the steps you may encounter before reaching your real estate closing, and the number or type of procedure will vary considerably between transactions.<\/p>\n\n\n\n Whether you are getting a new home, a lucrative investment property, or a space for your new or growing business, there is a lot riding on your real estate transaction. To increase your chances of reaching the Real Estate Closing\u2014and doing so at minimal cost, time, and hassle\u2014hire a team of attorneys with years of success representing clients in a wide variety of real estate transactions.<\/p>\n\n\n\n Jurado & Associates combines deep knowledge of the law with unbridled passion for our clients. We know the importance of a smooth and satisfactory closing and will stop at nothing to get you there as efficiently as possible without sacrificing attention to detail. Your Real Estate Attorney will work closely with you to understand the specific circumstances of your transaction and how best to serve you.<\/p>\n\n\n\nThe Many Steps Towards a Closing<\/strong><\/h2>\n\n\n\n
Why You Should Hire Jurado & Associates Today<\/strong><\/h2>\n\n\n\n