Common Real Estate Questions
The process of buying and selling real estate property can be overwhelming. At Trotter Deems & King LLC, we partner with clients to guide them through complex real estate transactions and closings while protecting their legal and financial interests.
Do I need a closing attorney?
Georgia real estate law requires that a licensed attorney must conduct all real estate closings. The attorney will typically represent either the buyer (in a cash purchase) or their lender (if the purchase is lender-funded). Many transactions only involve one attorney, but all parties can – and should – seek their own counsel to make sure their interests are protected.
What is title insurance? Do I need it?
Title insurance protects the policyholder in the event of a fraudulent deed, and also protects against any claims or disputes that might arise after closing.
Lenders’ title insurance policy is typically included in closing costs, but owners may purchase it for a one-time fee. A knowledgeable real estate attorney can help you understand your options and determine whether a title insurance policy is appropriate.
What is a homestead exemption and how can I file for one?
A homestead exemption gives homeowners a break on property taxes for their primary residence. At any time between the closing date and April 1 of the next year, homeowners may apply for homestead exemption by providing a copy of their Settlement Statement and Deed to the county tax officials.
What can I do if I have a land or boundary dispute with a neighbor?
Most boundary disputes can be resolved without the need for excess conflict and litigation. It is wise to remember that after any dispute is resolved, you will still be neighbors. Consider consulting a real estate attorney who is invested in solving your problem and minimizing disruption to your neighborhood.
A Sound Foundation For Real Estate Matters
At Trotter Deems & King LLC, we have been navigating complex real estate issues for decades. We know that real estate purchases and sales are some of the biggest transactions of a lifetime, and we take care to ensure our clients’ rights are protected to put them in the best possible position to move forward.