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Helping You Navigate Complex Legal Issues

Residential Real Estate Archives

Gregory A. Lang

What to disclose to prospective buyers when selling your home

In every state in the country, there are certain requirements that a seller must meet before he or she can transfer his or her home to a new owner. While disclosing certain defects your property may have can ultimately affect the price you're able to sell your home for, both the legal and financial ramifications of not doing so far outweigh the benefits that can be derived from doing that.

How can a real estate attorney help in your transaction?

As you're likely aware, real estate transactions do not require the work of an attorney. You can use your real estate agent to buy a new home and never have to speak with a lawyer. However, there are some very clear advantages to working with an attorney when you're finalizing a real estate deal.

Can buyer's agent agreements be broken?

First looks can be deceiving, even when it comes to choosing a real estate agent. That buyer's agent you hire to help you find your dream home may initially be easy to get on the phone. He or she may even show up in a timely fashion for your first appointment. However, soon after you sign that buyer's agent agreement, that agent may do an about-face.

4 legal mistakes every landlord needs to avoid

Whether you have been leasing properties for decades or only a year or two, it can be easy to slip up and make little mistakes. When it comes to properties and contracts, though, the simplest mistake can become a very costly error. The best way to keep expenses low and maintain your good reputation is to avoid many of the most common legal missteps landlords make, such as these four.

The complicated condominium: How to avoid buying one

Most Minnesota residents who buy a condominium are excited because it appears to be a simple real estate investment -- one that they don't have worry about taking care of like a stand-alone home. Nevertheless, if you've never owned a condo before, you might be surprised by a few legal hurdles that could pop up during the purchase of the property and after.

Radon disclosures when selling real estate property

Minnesota residents don't usually think about radon dangers, but when radon is present in a home, it can pose serious threats to the people who live there. Radon is a carcinogenic radioactive gas that you cannot see, taste or smell. Longterm exposure to radon can lead to lung cancer. In fact, the U.S. Surgeon General says that radon is the second most common cause of lung cancer in America.

Zoning regulations: Make sure you know what you're getting into

One of the biggest mistakes that novice real estate investors make is to purchase a commercial property without first checking the zoning regulations relating to that property. The fact is, some Minnesota properties have been legally zoned so that they can only be used for certain types of commercial purposes. For example, you might have bought a property where you hope to process gravel, only to later discover that your property is not zoned for such industrial purposes.

Existing home sales rise to highest levels in a decade

The sale of existing homes in the United States is now at its highest level since February 2007, according to a new report by Reuters. This news is good for the economy and the housing market as a whole, both of which appear to be in better shape than before the Great Recession. In Minnesota, the spike in selling is a nice lead-in to the winter months when demand tends to drop.

Steps to closing a real estate deal

We have all heard the word "closing" on a real estate deal from friends and relatives, but for people who have never been through the experience, they might not know what it means. In fact, closing on a real estate transaction can be somewhat complicated and a number of things need to happen before the closing can be finalized. Here's what needs to be done:

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