A guide to transferring a property title in Pennsylvania begins with knowing what a title represents. A property title outlines ownership rights to property, including land and the structure attached to it. When a transfer occurs, the property deed reflects who the current owner is and who becomes the new owner. The deed acts as…
Purchasing a home is one of the most significant investments most people make in their lifetime. Pennsylvania law expects sellers to provide honest and complete information about the property’s condition to potential buyers. When a seller lies on the property disclosure form or hides known defects, buyers can suffer financial losses, unexpected repair costs, and…
Selling a home brings many legal obligations, and disclosure is one of the most important responsibilities for any property owner. Among the most common questions during a real estate transaction is: do you have to disclose mold when selling a house? In nearly every situation, the answer is yes. Mold can create health issues, structural…
Misrepresentation in real estate is a complex legal issue that can affect both buyers and sellers during a real estate transaction. When one party provides false or misleading information that influences the other party’s decision to enter into a contract, the results can include financial losses, legal disputes, and long-term problems related to the property. …
If you have ever bought or sold real estate in Philadelphia, you may have noticed a significant line item on the closing documents labeled transfer tax. Many people ask, “What is the transfer tax in Philadelphia?” because it can dramatically affect the total tax burden, the selling price, and how much a buyer and seller…
