Frieberg, Nelson & Ask L.L.P.     Attorneys At Law
   Law Offices In:  
Canton, South Dakota
Phone: 605-987-2686
Beresford, South Dakota
Phone: 605-763-2107
Lennox, South Dakota
Phone: 605 -647-5152

  
Real Estate Law   

Protecting your Investment

More and more Americans are becoming homeowners. In 2000, the homeownership rate in the United States reached 67.7 percent. Many Americans do not believe purchasing a home is a feasible option. If you are considering a home purchase, contact an experienced residential real estate attorney to discuss available programs that can make it easier for you to purchase a home

 

Owning a home is the American dream. For many, it is also their largest financial investment. With stakes this high, do not leave anything to chance. Before you buy, contact a real estate lawyer who can guide you and advise you of potential problems. We ensure your title is clear and the closing proceeds properly and help you achieve your dream of owning a home.

Contact Frieberg, Nelson & Ask L.L.P. to discuss your real estate needs.

Home Ownership - An Overview    

Buying a home is often a consumer's biggest investment. Residential real estate transactions are covered by a complex web of federal and state laws. The requirements established by state law often differ significantly from one state to the next. A residential real estate lawyer can assist a buyer or seller through the complexities of these transactions. If you are considering buying or selling property, call today.

Contracts    

Several different contracts are involved in a typical residential real estate transaction. A listing agreement is the contract between the seller and the listing broker. It sets out listing terms, the seller's preferred sales price, and the commission rate. Most of these conditions are negotiable, including the commission. The listing agreement is critical to the seller, and he or she should review it carefully and have it reviewed by a lawyer. Once a broker produces a willing and able buyer and all conditions are met, the seller owes the broker his or her full commission, even if the seller decides not to sell.

Buying a Home    

Before making an offer on a house, a homebuyer should take his or her entire situation into account. The buyer must consider whether he or she is ready to buy a home, how much he or she can afford, and what terms to offer, among many other things. Negotiating and reviewing the documents for a home purchase can be daunting. An attorney with experience in residential real estate transactions can advise a buyer about his or her rights and negotiate the terms of the contracts involved in purchasing real estate.

Selling a Home    

Selling a home is exciting, but it takes some work. A seller will need to make many decisions, including whether to make delayed repairs and whether to use a professional real estate broker. The process can be complicated, with many potential pitfalls. An experienced residential real estate attorney can offer essential advice and guidance throughout the process.

Boundary Disputes    

The property description in a deed shows where the boundaries between properties lie. Boundary disputes, which are disagreements regarding who owns a piece of property, still occur on a regular basis despite modern surveying techniques. These disputes are especially common when title and boundary lines were established many years ago. Boundary disputes include fences built "over the line," improvements that are not compatible with the neighbor's use or enjoyment of his or her property, roads or driveways that cross over a neighbor's property, or nuisances on property. An experienced real estate attorney can help find a solution for a boundary dispute.

Home Improvements    

Every year, thousands of homeowners take on home improvement projects, either on their own or with the help of a contractor. Home improvement fulfills many needs, from increasing a home's value to improving a homeowner's quality of life. A home improvement project can be a good experience, but there are many challenges and legal issues. An attorney who understands home improvement law can help you have a positive experience so you can enjoy the fruits of your labor.

Real Estate Transactions    

Our real estate department serves the needs of our clients in all areas of real estate law including:

  • Commercial real estate leases
  • Buy/sell agreements
  • Residential real estate
  • Real estate workouts
  • Title services
  • Mortgage or financing contracts
  • Real estate development
  • Land use and zoning

Throughout the transaction, we work hard to keep the process both simple and cost-efficient. Whether you are buying your first home or developing an office building, we explain and guide you through the myriad of documents that you need to work through. When it comes to procuring title exams and other real estate documents, we feel our service is unparallel. Throughout the entire process, we are always available to answer questions and address concerns.

Home Ownership Resource Links    

U.S. Department of Housing and Urban Development
The U.S. Department of Housing and Urban Development Web site offers information from the federal agency that creates national policy and programs addressing America's housing needs. Especially relevant are the HUD Selling a Home (http://www.hud.gov/selling/index.cfm), HUD Buying a Home (http://www.hud.gov/buying/index.cfm) and HUD Home Improvement programs (http://www.hud.gov/improvements/index.cfm) resources.

Freddie Mac
Freddie Mac is a stockholder-owned corporation chartered by Congress to keep money flowing to mortgage lenders to support homeownership. This site contains information on the purchase and sale process, homeownership, credit, moving, remodelling, and refinancing.

National Association of REALTORS®
This page provides numerous tools for homebuyers, including ten steps to help a person buy a home.

 
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