Buying and Selling Property

Buying and selling property is a complex process to say the least. One of the biggest mistakes you can make it to buy or sell without being properly represented.

Let us be your closer.

Koontz & Associates will help you move into your first home, acquire more property and help negotiate the sale of your property.

Did you know we are a full accounting firm? In fact, we are a one-stop shop for your real estate needs. Buying and selling property is going to have an impact on your tax return. We will be able to anticipate all your tax questions and needs.

 

Residential Real Estate Law Services From Koontz & Associates

Real estate: it’s one of the most significant investments you’ll ever make. Because of this, you can’t afford to walk into the process blind or to rely on legal advice that doesn’t have your best interests at heart. Here at Koontz & Associates, our team prides itself on offering intelligent, common-sense residential real estate law advice to clients for years. An experienced residential real estate law firm, we’re here to guide you toward the best possible outcomes for your real estate foray.

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Benefits of Working with a Real Estate Attorney

Speak to a real estate attorney at the beginning of your home hunt. An attorney is as beneficial as a Realtor in the process of buying or selling property. It is important to know that real estate agents and attorneys are equal partners in a search for property. The relationship is symbiotic and will ultimately save you money, heartache and headache by uncovering unexpected issues as early as possible.

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Title Insurance 101

What is Title? What is Title Insurance?

When you buy property, you are not only buying the physical property, but also the abstract right to possess, or own, that physical property. "Title" is the legal term for owning property. When property is bought and sold, the title (right to own the property) is transferred from one owner to another. Because the legal concept of title is abstract, problems can and likely will arise. Title insurance is an insurance policy that protects the buyer in case of inaccuracies or issues undiscovered when the title of property is transferred to the new owner. 

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Lease Purchase vs. Lease Option - A Potential Solution for Your Buyer or Seller

Lease Option or Lease Purchase Agreements, commonly referred to as “Lease-to-Own” Agreements are mistakenly used interchangeably, although they are vastly different.  

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1099-A and 1099-C

Know the difference between a 1099-A and 1099-C

Selling real estate in this precarious market can be quite a task in and of itself.  When the dust clears, sellers often are left to navigate through a maze of issues, not sure what to expect next.  Many sellers have no idea what tax forms to expect from the lender, so they have no way of knowing if they received them.

Two forms in particular, the 1099-A and 1099-C, create much of the confusion for sellers, their lawyers and their financial advisors.  

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