Buying and Selling Arizona Real Estate

Whether you are a first-time homeowner or a seasoned investor, a buyer, or the CEO of a major corporation, avoiding Arizona transfer of ownership issues is going to be a major priority. This exchange is at the heart of any real estate transaction, and, not surprisingly, is one of the most common areas for buyers and sellers to encounter issues.

One main problem is that during closing, buyers and sellers are going to be asked to sign a large volume of documents they will not have time to read or fully comprehend. When there are different stakeholders, there can be even more documents and confusing agreements. This experience can be intimidating and leave those involved feeling as if they have little or no control over their own transaction. Additionally, there may be newly included requirements or errors buried somewhere within the sometimes 100 or more closing documents which could easily go unnoticed by the parties.

When you are sitting in closing with an hour to review and sign a pile of documents which you don’t fully understand, it can be overwhelming. In this situation, you may feel pressured to sign everything without a full explanation to get the process completed. However, you should never sign anything at closing without complete confidence that it is correct and does not bind you to anything outside of your original agreement.

At the Law Office of Laura B. Bramnick, we review all materials related to your Arizona real estate transaction before you are asked to sign anything. We have the experience and expertise to make sure your documents are accurate and know how to recognize any defects or missing information. Additionally, we look all of your real estate transaction documents with the trained eye of an experienced Arizona real estate attorney. With this guidance, you will receive trusted, professional advice every step of the way.

Dealing with Property During Divorce

When divorcing couples own Arizona real estate, there are usually two choices: One person gets the property awarded to them, or the couple will sell their property and split the costs and equity.?? Although divorce can involve various property holdings, the most common situation is where the couple has to decide what to do with their marital residence.

Leaving the Property

If you are the party leaving the home, it is critical that you consult with an Arizona real estate attorney regarding how to avoid being held responsible for mortgage payments. Otherwise, if you have not taken the right steps and your ex fails to pay the mortgage, you could end up having your credit damaged and being obligated to cover his or her missed payments. Additionally, if your ex is keeping the home, you will need an honest and fair appraisal of the home’s value to negotiate the division of other marital property. An Arizona real estate attorney can help guide you through the process of becoming free and clear of the property and getting an accurate valuation.

Selling the Property

During a divorce, both sides usually want to sell their joint property as soon as possible so they can stop paying towards this expense and go their separate ways. However, disagreements about a reasonable selling amount and how the property should be listed can delay these types of transactions. With the services and expertise of an Arizona real estate attorney, you can connect with the resources you need to list your home for a fair price, get the maximum value during the sale, and close in a reasonable amount of time.

At the Law Office of Laura B. Bramnick, we can help ensure that you are able to get a comprehensive assessment of your property’s actual value, protect your interest if you stay or leave the residence, and assist you with the process of selling your home.

Inherited Property

Inheriting property can be overwhelming. In the middle of dealing with the loss of your loved one, you have to learn about the property, decide what to do with it, determine its mortgage situation, and potentially manage issues with tenants and other heirs. At the Law Office of Laura B. Bramnick, we understand the questions and problems which can come with inherited property and can help you navigate this unfamiliar area and resolve any outstanding issues.

The Law Office of Laura B. Bramnick has experience:
  • Handling Arizona inherited property issues when there are multiple heirs
  • Assisting estate representatives and trustees when mortgages are past due
  • Property valuations and appraisals
  • Handling tenant issues
  • Advising clients when an inherited property is upside-down or underwater
  • Explaining how assumption of mortgages work
  • Helping clients understand their Arizona sales and rental market options