3 Questions to Ask before you Sign on the Dotted Line
Real estate transactions can be very exciting. After all, buying a new home can often mark a new chapter in the life of a person or family. However, there are many ways that a person can end up agreeing to things that they would not have wanted through a real estate contract. This is why there are certain important questions that you need to ask before signing anything.
Question #1 Ask whether or not there are any deed restrictions on the property. These can restrict your capabilities of doing whatever you want to do on your property, going even further than local zoning laws in fact. You do not want to buy a piece of property without knowing about these, as these could be a deal breaker in certain cases.
Question #2 Address concerns whether or not there are any special assessments that you will need to pay after buying the property in addition to regular property taxes. Generally, these special assessments will go towards improvements in the neighborhood, such as sidewalks. These are typically transferred to the buyer from the seller, and you should be aware of these so that you know whether you are willing to pay these required assessments or not.
Question #3 Ask is whether or not you should sign a contract in the absence of a mortgage contingency, which would allow you to take the time to secure the funds that you need to purchase the home. Without this, you will be required to buy it whether or not you have received a mortgage, which is risky for anyone who does not have good credit and access to a large amount of money.
If you still feel hesitant to sign any documents even after asking these questions, it would be a great idea to enlist the help of an Orlando Real Estate Attorney. Nishad Khan P.L. is a great example of what a Real Estate Attorney Orlando has to offer and has years of experience helping Florida residents with all aspects of real estate.
If you are looking for a Real Estate Lawyer in Orlando you should look no further than Nishad Khan P.L., we can ensure you know everything you want to know and need to know before signing any real estate documents.