The real estate company Realtor.com is ranking Sacramento as the hottest real estate market in the country heading into next year. The report shows the pandemic is helping put Sacramento on the home buying map.
If you're looking for property or a home, you'll need a Sacramento Real Estate Lawyer.
Real estate law, or property law, generally refers to the laws controlling the ownership or use of land in the United States. Real estate law is a branch of civil law that covers the right to possess, use, and enjoy land and the permanent man-made additions attached to it.
There are many areas that real estate law covers. Let’s take a look at a few.
Buying or selling a home. Federal government, state and city real estate laws govern the rules of residential property sales and purchases. Real estate laws protect buyers from unscrupulous sellers who might attempt to misrepresent the property to a potential buyer and it could also protect the environment from a buyer who wants to make alterations that are damaging to the land or natural environment.
Landlord and tenant law. Real property laws also govern the rules around leasing apartments and tenants. Tenant agreements and forms, eviction rules, and whether or not a property is considered inhabitable are all issues governed by real estate laws.
Foreclosure. Real estate laws determine how foreclosures should be processed. The entire process of foreclosure is impacted by various federal real estate laws and include financial and administrative details.
Land use laws. How a piece of land can be used is governed by real estate laws. Is the property zoned as residential, commercial, or industrial? Can land be rezoned from one type to another? What about development for a university or public school for students? Can zoning rules be temporarily waived in certain situations? This is all determined by the real estate statutes on the books.
Construction. Where can construction take place and what kind of buildings can be built is determined by real estate law. Real estate law also determines the building codes that new construction must meet. When building and construction codes are violated, real estate law governs how violators are punished.
Financing. Real estate laws govern mortgages given to buyers of both commercial and residential real property.
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