Purchasing a home is a lengthy and complex process, often spanning several months. Part of doing your due diligence is taking into consideration all possibilities that could have a negative effect on your investment. While highly unlikely, it may still be on your mind...
Real Estate Transactions
What qualifies as a like-kind exchange?
On Behalf of Tunnell & Raysor, P.A. | Feb 16, 2022 | Real Estate Transactions
Business owners understand the elements of a good deal, so in a challenging economy it is essential to make sure to protect their interests in every transaction. Investors who are looking for tax-deferred options for doing just this may have considered 1031 exchanges....
Buyers, beware of what is in your deed
On Behalf of Tunnell & Raysor, P.A. | Feb 2, 2022 | Real Estate Transactions
When it comes to purchasing real estate, what is in the deed to convey title can put the buyer at different levels of risk depending on what type of deed it is and what it guarantees. Where the transfer of title during the purchase and sale of real estate changes who...
What is the purpose of a chain of title?
On Behalf of Tunnell & Raysor, P.A. | Jan 19, 2022 | Real Estate Transactions
In Delaware and around the country, the most important part of the purchase and sale of real property is the transfer of title from one owner to another. Where the title is the legal basis for ownership of property, its documentation and proper recording by each owner...
Quiet title action: basics and when it is used
On Behalf of Tunnell & Raysor, P.A. | Oct 14, 2021 | Real Estate Transactions
Acquiring property is a momentous occasion. It represents a new stage in a person’s life; and it has the potential to serve as a conduit of wealth for future generations. However, the mood can quickly sour if someone else claims title to the property. When most people...
The open market isn’t always the best option for real estate
On Behalf of Tunnell & Raysor, P.A. | Oct 4, 2021 | Real Estate Transactions
When people buy a home or a commercial building on the open market, there is an expectation that most of the legal work will be done by someone else. The purchase agreement may be a standard form provided by the realtor, and the bank will usually handle the loan...
Negotiating an easement with your neighbor can be a challenge
On Behalf of Tunnell & Raysor, P.A. | Sep 2, 2021 | Real Estate Transactions
Many property owners in Delaware would like to obtain an easement on a neighbor’s property so they can legally use of a portion of the property for their own purposes. Most easements are affirmative, meaning that they allow the easement holder to do something. An...
What people need to know about easements
On Behalf of Tunnell & Raysor, P.A. | Jul 20, 2021 | Real Estate Transactions
People in Delaware own various types of property for various reasons. They may purchase land for their homes, for vacation homes, investment, recreation, farming and other reasons. When they purchase land, they expect that they have control over the property. This may...
How do you avoid conflict in a boundary dispute?
On Behalf of Tunnell & Raysor, P.A. | Apr 14, 2021 | Real Estate Transactions
Boundary issues between property owners are more common than most think, and they can develop into unpleasant territorial disputes. Often the altercation is sparked when a homeowner claims that his neighbor’s driveway is over the boundary line, or when one neighbor...
Title dispute? Consider a quiet title action
On Behalf of Tunnell & Raysor, P.A. | Mar 2, 2021 | Real Estate Transactions
Ah, yes. Acquiring property is truly a momentous occasion. In addition to being an important milestone in a person’s life, it’s also vehicle of wealth that can be passed down to later generations (e.g., a house). However, this celebratory occasion can quickly sour if...
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