Michael Gangadeen is an experienced attorney who’s found much success helping clients through his firm, Gangadeen & Associates. One of the many fields the firm specializes in is real estate transactions. Since the firm’s establishment in 2000, it has helped many clients manage their real estate deals professionally. In every transaction, Mr. Gangadeen likes to share with clients what to expect, and he offers his take on the process.

Michael Gangadeen is the founder of Gangadeen & Associates, a law firm recognized for producing amazing results in personal injury and general litigation cases.

Making an offer

When you fall in love with a property and think it could make a good home, it’s time to make legal steps towards purchasing it. At this stage, you need to write up a purchase offer and sign a legally binding contract that shows you’re committed towards the transaction. It’s important to note, however, that there are various contingencies that can allow you to opt out should things not go as anticipated.

Disclosure review

By law, a seller must provide disclosure documents to the buyer, copies of local authority and city reports, and a title report. Aside from the required documents, the seller should also disclose any issues with the property that would affect potential inhabitants. Such disclosures help to provide the buyer with more color about the property before they fully commit to purchasing it. If something is disclosed that the buyer isn’t comfortable with, it’s their opportunity to opt out.

Inspections

Purchasing a home is a big financial investment, and as part of the real estate process, you are entitled to perform a property inspection. Find a home inspector that will perform a thorough check from the foundation to the roof and examine all the components and systems. As the buyer, you should never be too far from the inspector so you can learn more. Listen to the inspector and ask as many questions as possible. It’s your chance to view the property thoroughly before signing on any legally binding document, so come prepared.

Legal assistance

It is a wise move to have a legal professional helping you understand the process. Even well-educated people can have issues understanding some of the documents involved; an experienced real estate attorney can help answer the questions and even illuminate potential issues.

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