When it comes to real estate law in Pennsylvania, the buyer assumes a considerable amount of responsibility. This highlights the importance of implementing due diligence throughout the real estate transaction. If you are preparing to buy or sell a property, it’s time to consult with an experienced Real Estate Attorney at Mette Law.

Deeds

A primary component of every real estate transaction is the deed, which transfers title ownership. There are three primary types of deeds, and they differ according to the level of protection the person or entity transferring the property affords the person or entity purchasing it.

General Warranty Deeds

General warranty deeds grant the strongest protections to purchasers. They do so by ensuring that the new owner holds a clear title to the property and that none of the following attach regarding the seller or any prior owner:

• Outstanding mortgages
• Liens
• Debts
• Other encumbrances

Special Warranty Deeds

Special warranty deeds offer the same assurances, but only as they relate to the current seller’s ownership. Most lenders, such as mortgage providers, won’t grant financing without a warranty deed.

Quitclaim Deeds

Quitclaim deeds offer the least protection to the buyer. This form of deed transfers only the seller’s ownership interest to the buyer and includes no guarantee regarding outstanding mortgages or other encumbrances. Quitclaim deeds are generally reserved for the non-sale transfer of assets between family members.

Disclosures and Inspections

Those who sell real estate in Pennsylvania are required to disclose specific information about the properties in question. This includes any known defects, any environmental hazards that apply, and any other known details that could affect the buyer’s ultimate decision. Failure to uphold this responsibility can lead to legal complications for the seller.

Pennsylvania also cautions buyers to conduct exacting inspections of their own. This is intended to expose any issues that should be taken into careful consideration.

Zoning and Land Use

Regulations regarding zoning and land use are key elements of real estate transactions that determine how properties can be developed and used. Each Pennsylvania municipality has its zoning ordinances, which outline the parameters of use in the specific jurisdiction.

Successfully navigating these requirements in the context of your real estate purchase can be especially challenging and can directly affect your development plans as well as the property’s value. Having a capable real estate lawyer in your corner can make all the difference.

Don’t Wait to Call an Experienced Lawyer

Real estate transactions are legally complex. Because there can be a wide range of unknown factors involved, it’s always in your best interest to have a focused legal advocate on your side.

Our dedicated business attorneys at Mette Law have a wealth of experience helping clients in Lebanon, PA, make solid real estate deals. We help protect your rights and bolster their confidence in the process. We are here to help, so please don’t wait to contact us online or call us at 717-232-5000 for more information today.