You also want an accountant who can tell you how to keep the largest portion of your gross revenue. There are a lot of rules here and there is not a single person on the face of the earth who knows all of the IRS rules. Look for an older accountant or one who works with a lot of real estate investors.
Keep in mind that you can’t go wrong with the services of a Real Estate Lawyer. They can help keep you from being taken advantage of. Even though you may think that the seller has nothing but good intentions, you need to protect yourself from those that prey on the unsuspecting buyer. It is better for you to be prepared by keeping yourself protected. Any paperwork and contracts you get need to be looked at and read thoroughly. If there is something you don’t understand, ask the lawyer about it. Have the Real Estate Lawyer look over everything before you make any agreements or sign any contracts. You need to make sure that your expectations match up with what is actually involved for any purchase you make.
Abogado de bienes y raices Before you actually put your property on the market, do yourself a favor. Hire an attorney. Not just any attorney, but one who specializes in real estate. Do not hire your family lawyer or the one who got you your divorce. Loyalty is great but it has its limits. You need someone who represents real estate clients every day, week in and week out, not once every couple of months. You do not want to be paying for someone to be trained on the job. You are likely to have much at stake in the sale of your land, and you simply cannot afford to have someone screwing it up because they are in over their heads.
The first thing that an agent will do for you is help price your property. You don’t want to offer your home for sale at double its market value because it just won’t sell. Likewise, you don’t want to offer your home for sale at half its market value because you would just be cheating yourself of that price difference. If the market is such that your house in your neighborhood in your city is worth about $200,000 then you want to sell it for that. If you have made additions to the house that might make it worth more, then you want to add those items to it. The real estate agent has a lot of that data at their fingertips through their subscriptions and through their knowledge of the marketplace.
russell borders attorney near me – A good attorney is worth their weight in gold. There are just too many laws to learn yourself. Make sure they know the laws in your area and understand the types of deals you are going to be doing. Also I recommend you have them look over any contracts to make sure they are legal for your area.
Separate the facts from the “BS”. – Ask lots of “What if…” questions. For instance, what happens if you’re not able to get financed at the end of the term? What happens if the house is worth more at the end of the lease term than the price on which you’ve agreed? What happens if the house doesn’t appraise for the agreed-upon sales price?