For most people, buying or selling a home represents the largest financial transaction in their lifetime. No matter if you are buying or selling a home in North Carolina or South Carolina, legal counsel is highly recommended, and most times necessary, throughout the closing process.
The attorneys at Purser & Glenn, PLLC represent a diverse array of clients with residential real estate concerns. With an extensive and experienced real estate practice, the legal team can quickly identify any possible issues and anticipate potential challenges that clients might face during the home buying or home selling transaction.
We are available to represent parties involved in any type of residential real estate transaction, including, but not limited to:
Contract preparation and review: A well-drafted residential real estate contract is an essential element for setting nearly every step, obligation and cost in a closing transaction. Because of the critical nature and potential complexity of each provision of a contract, Purser & Glenn, PLLC can prepare or review all terms prior to signature to ensure our client, whether buyer or seller, understands the obligations negotiated and the protections afforded. Contracts are drafted with careful attention to the specific requirements of the client, unique features of the real property, and essential timelines and deadlines.
Lease preparation and review: The partners at Purser & Glenn, PLLC are available to prepare or review residential leases for either the lessor or lessee to ensure your interests are protected and the desired outcome is in fact achieved. With years of experience, the firm is able to point out illegal provisions, explain how certain provisions work, tell you if they are favorable or unfavorable to you, and suggest changes and additional terms.
Buyer representation: Purser & Glenn, PLLC counsels and represents buyers in every aspect of their real estate purchase. The firm provides information and advice, including but not limited to, negotiating the Offer to Purchase and Contract, hiring inspectors, ordering a survey, preparing a Bill of Sale, preparing repair addendums, advising as to North Carolina and South Carolina real estate law, reviewing all loan documents at the loan closing, ordering the final title policy and overall, supervising and protecting the buyer’s best interest throughout the purchase process. The legal team has built organized processes to provide consistent and efficient steps to minimize the buyer’s worry and stress inherent in the home buying transaction.
Seller representation: Often, a buyer’s closing attorney will prepare a seller’s Deed package as an accommodation in a home closing. Purser & Glenn, PLLC offers representation solely for the seller, advising of the obligations under the Offer to Purchase and Contract, assisting in repair disputes, preparing the Deed and accompanying documents, and reviewing the settlement statement. A seller enjoys legal representation and protection, usually at a fee similar to that assessed by buyer’s attorney without the representation.
Refinances and stand-alone HELOCS: Purser & Glenn, PLLC helps clients refinance or obtain a home equity line of credit (HELOC) for the purpose of paying off an existing loan, consolidating debt, or obtaining a better interest rate. Although the firm is not a mortgage broker or bank, it has closed thousands of loan transactions on behalf of lenders and borrowers, and minimized the issues commonly associated with bank performed closings, such as signature and notary errors, recording issues or failure to record and incorrect or untimely satisfaction of prior loans.
Relocations: Purser & Glenn, PLLC has experience in the representation of relocation companies and their buyers. Relocating to a new area through an employee relocation company can create stress and time pressures on a purchaser. The firm understands clients want the transition to be handled seamlessly and efficiently. The legal team serves as your partner every step of the way, keeping you well-informed throughout the entire process, ensuring that your move is a smooth transition to your new location. Purser & Glenn, PLLC is knowledgeable in the policies of existing relocation experts and is available to coordinate all the parties in a relocation transaction.
FSBO transactions: For Sale By Owner, or FSBO, is the process of selling real estate without the representation of a real estate broker or real estate agent. Purser & Glenn, PLLC can assist in areas typically handled by a real estate agent, such as contract negotiations and preparation.
Title searches and judgment searches: A title search is an examination of public records to determine the property’s title history. Purser & Glenn, PLLC provides supervised title examinations to determine the ownership of real property and to ensure good and marketable title free of liens, mortgages and title defects, such as faulty legal descriptions or lack of legal access. Without the assistance of an experienced real estate attorney, a purchaser may be buying a parcel with title defects easily identified and possibly resolved prior to a sale.
Forward 1031 Exchanges: Thanks to IRC Section 1031, a properly structured 1031 exchange allows an investor to sell a property, to reinvest the proceeds in a new property and to defer all or a portion of capital gain taxes. You may have heard of a 1031 exchange and how it can benefit you but do not know how to follow the detailed rules in order to receive the benefits of such an exchange? Purser & Glenn, PLLC guides your steps through the process to maximize the tax savings of a 1031 Exchange and avoid irreversible mistakes.
Reverse 1031 Exchanges: A reverse 1031 exchange represents a tax deferment strategy when, for a variety of reasons, the replacement property must be purchased before the relinquished or old property is sold. Purser & Glenn, PLLC works with clients to alleviate capital gains taxes when buying and selling investment property.
Helping People Throughout the Carolinas
From Charlotte to Fort Mill and the surrounding North Carolina and South Carolina communities, Purser & Glenn, PLLC represents clients dealing with routine real estate needs, ranging from highly complex title issue resolutions to typical closing services. Equipped with decades of combined partner experience and expertise, the firm can identify potential title hazards, anticipate possible client disputes and resolve impending barriers to closing. Purser & Glenn, PLLC has built organized processes to remove the stress and worry from the closing process, and remains mindful of each client’s concern and deadline throughout each closing milestone. The legal team provides personalized attention, clear and thoughtful direction, and reliable and constant communication to address each client’s individual closing.
We serve clients in all counties of North Carolina and South Carolina, including but not limited to such cities as Clover, Fort Mill, Gastonia, Indian Land, Lake Wylie, Newport, Rock Hill, Tega Cay, Ballantyne, Bessemer City, Belmont, Charlotte, Denver, Harrisburg, Indian Trail, Kings Mountain, Pineville, Stanley, Steele Creek, Weddington, Concord, Hendersonville, Asheville, Mooresville, and Lincolnton.
Call or e-mail Purser & Glenn, PLLC
Please contact Purser & Glenn, PLLC to skillfully guide you through the process of buying or selling residential property. To schedule a consultation with a partner at Purser & Glenn, PLLC, please call us at 704-540-2550 (South location) or 704-596-1244 (University location). Or for more information, please email closings@purserglennlaw.com.
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