Hiring reputable contractors in Louisiana is no guarantee that you will never become involved in real estate litigation. Even so, it is one way to prevent the likelihood of finding yourself in this position. But, how do you know if a contractor will provide high quality work and operate ethically?
The Louisiana commercial real estate market has come a long way since Hurricane Katrina and the floods of 2016. Even so, both new and seasoned real estate investors should take special care when purchasing commercial property. Here are some basic pointers to help get you started.
We have written about many of the challenges that people face with regard to real estate litigation, and negative emotions such as stress can certainly make life challenging for people who find themselves in the middle of these disputes. Whether you are facing litigation over commercial real estate or residential property, it is pivotal to have a solid grasp of your rights and the different legal options that may be available. Fortunately, there are a number of strategies that may be helpful when it comes to the reduction of stress levels in the midst of these disputes.
When it comes to real estate litigation, many different factors may need to be examined and every single case is different. Sometimes, these cases can be especially difficult because of the ways in which they affect family members, while other cases may even involve family members. For example, someone may find themselves in a real estate dispute with a sibling, a cousin or some other relative. Unfortunately, handling these cases can be especially difficult and the emotional toll can be overwhelming, but you should not allow your rights to be trampled on, regardless of who is involved.
Before the legal rights to a property can be passed on to a purchaser in Louisiana, the title must be clear of any encumbrances, liens or other claims to ownership. If a title search reveals a title defect, or cloud, Cornell Law School's Legal Information Institute explains that a person who has an ownership claim on the property has the right to file a quiet title action.
When someone purchases property in Louisiana, he or she will receive proof of ownership. Realtor.com explains that the document signed by the seller and the buyer is known as the deed. However, this is not the same as the title. In fact, the title is not a document. It is, instead, the legal rights to the property, including ownership.
It happens more often than most people think: a Louisiana homeowner hires a contractor to remodel his or her home or to fix major issues, the contractor shows up, accepts payment and tears apart the home and, before the contractor completes the job, he or she stops working and demands more payment. If this situation sounds all too familiar to you, you may wonder what you should do. Do you just pay him or her the extra cash for the sake of finishing the project or do you fight the additional charges? Pocket Sense has some advice for you.
When you are already reeling from the stress of rebuilding your home after the traumatic flooding in Louisiana, the last thing you need to deal with is the dishonesty of contractors who advertise themselves as someone you can rely on for effective repairs. Because many contractors appear seemingly out of nowhere following a natural disaster, it may be easy for you to trust that everyone who you contact is ready to lend a helping hand. However, protecting yourself from those who are dishonest and deceiving is essential to avoid losing even more of your precious resources.
While there are certain times of the year in Louisiana where buying and selling real estate is more profitable and efficient than others, with the right tools and strategies, people can have a successful chance at completing real estate transactions at all times of the year. One of the key selling points for many potential buyers is how attractive the home appears and how readily they can envision the property working for their needs.
It is all too common of a scenario — a homeowner hires a contractor, pays a security deposit and the contractor never shows up again. Sometimes, the contractor will do the work, but it is often shoddy or incomplete, meaning that the homeowner has to pay more money to either redo or fix the work. If you recently paid a contractor for subpar or no work on your Louisiana home, you do have options. Angie's List outlines just a few of them.