Buying and Selling: A Guide to Real Estate Law

Sustaining an injury or loss due to someone else's negligence can be a difficult and traumatic experience. If you believe that you are entitled to compensation, it is crucial to understand how compensation lawyers establish liability to make a successful claim. Determining liability is crucial to any compensation claim, as it establishes who is accountable for the injury or loss. Compensation lawyers use various tools and methods to establish liability; take a look at some of the most important factors that contribute to this process.

Compensation lawyers are lawyers who help people fight for money that they might be entitled to. These lawyers help people who have been injured or wronged in many different ways. You might know of people who have hired these lawyers to help them after car accidents or work injuries, for example. Many people don't know that victims of abuse can hire compensation lawyers as well, though. If you are a victim of domestic violence at the hands of your spouse, for example, you might be able to benefit from hiring a compensation lawyer.

When it comes to buying property, there is no room for errors. After all, your life savings are at risk. Property conveyancers will guide you through the hurdles of buying property. Most importantly, the conveyancer will protect you from legal and financial liabilities. The contract of sale is probably the most critical document when purchasing a property. Without legal representation, the seller's conveyancer could use this document to circumvent some of the seller's responsibilities.

Are you in the business of flipping property? Property flipping is a risky but rewarding business. Below is a short guide detailing how a professional conveyancer can help you flip property.  Market Research Market research is the backbone of a successful property flip. Your conveyancer will identify the real estate high and low season. Typically, you should purchase property during the low season and sell it during the hot season. They will also identify market forces that determine property prices.

Most people understand that they need some form of insurance if they are to protect any sizeable asset against unforeseen circumstances. They may, therefore, also understand how important it is to insure their property, but they may not be so clear about insurance just prior to purchase. If you have your eye on the house of your dreams and are getting ready to sign a contract, who is liable for that asset in between now and the final settlement?

When a bank (or other financial institution) offers a mortgage to a customer, they expect full repayment of the mortgage over the course of several years. Financial institutions rely on monthly repayments of mortgages to have enough cash flow to finance their operations. This is why it can be financially crippling for your institution when customers fail to repay mortgages. In fact, even just a few months of missed payments can significantly affect your bottom line.

Have you ever gathered together with other members of your family in your living room at night to play a game of Monopoly? Occasionally, it is at times like this that you begin to see the truly competitive nature of some of your immediate relations. It's as if the gloves come off, metaphorically speaking, whenever there is a dispute over money, as artificial as it may be in this case. Family bonds may be strong in most households, but all of this can change—and not for the better—when it comes to the last will and testament of a loved one.

Married couples have secured property rights, but what if you were just cohabitating with your partner? If you split up, will you have any rights to the property? Is a settlement agreement possible? Here's a look at cohabiting-couple property rights. Common-Law Spouse Myths While as a member of a cohabiting couple you will be viewed as a common-law spouse, this isn't a legal standing. You will not automatically get all the same rights as a married person, despite the length of time you and your partner have been together.