Archive for Real Estate Law

Speeding Up the Closing Time when Buying a House

for sale sold house real estateIn regard to first time home buyers or someone who’s buying a property, in regard to the time frame from the time you actually signed the Purchase and Sale Agreement until the time you close, it’s really dependent upon what you put in the contract. You can give yourself a short period of time if you think you can get all your inspections done within that time period or you can give yourself a longer period of time if you feel you need additional for inspections or to obtain financing.

The important thing is when you’re buying a piece of property which is probably gonna be your major investment for your lifetime is that you have someone from Murphy and Fay review that Purchase and Sale Agreement to make sure you are protected as the buyer. Even the standard Purchase and Sale Agreement sometimes have some language in there that I recommend on my client that is either modified or removed. So again, if you’re thinking on buying a property, come to Murphy and Fay and we’ll be more than happy to review your Purchase and Sale Agreement and walk you through the entire process.

This informational blog post was provided by Mark A. Fay, an experienced Rhode Island Real Estate Lawyer.

How can you Help Someone who Purchased a Property and was Misled by the Seller?

real estateIn many cases unfortunately, the buyers have been misrepresented by the sellers in the purchase of their major asset, their home. Here at Murphy and Fay, we can help you with that process. It’s important that you contact us as soon as you can because in many cases, there may be a case against the home inspector but home inspector contracts are very limited. They have very short period of time to notify the home inspector about a potential claim. Sometimes they’re limited in the amount of damages you can get from them. Also, in any kind of case where a buyer has been suffered from misrepresentation by the seller, we can sometimes name the real estate agency or the real estate agent who may or may not know of the potential misrepresentation and obviously, we would name the homeowner if we can establish that they did, in fact, misrepresent something which induced you to buy a property. You should know a property that was somehow damaged or marginalized.

This informational blog post was brought to you by Mark A. Fay, an experienced Rhode Island Real Estate Lawyer.