One of the most significant investments most people in Reno or Tahoe, Nevada will make is the purchase of real property. Whether the property is residential or commercial, buying and selling real estate, especially in today’s market, can be fraught with uncertainty.
In 2014, the Reno Gazette-Journal reported an epidemic of desperate homeowners short selling homes through opportunistic dual agents for less than fair market value. The homes were then sold, or “flipped,” for as much as $100,000 more than the original seller’s short sale price. The Gazette-Journal reported that these dual agency sales made up 10 percent of the short sales of homes across northern Nevada.
While short sales may provide desperate sellers the chance to quickly sell their homes, they may not have known the potential gains patience and adequate legal advice could have provided them. Dealing with real estate transactions without a knowledgeable representative could open you up to a variety of undesirable and costly circumstances.
With nearly thirty years’ experience in real estate law, the Stone Law Firm’s founder, Phillip Stone, has helped individual buyers and sellers, as well as commercial property developers, resolve their legal issues. Phillip has extensive experience with entitlements, resolving boundary disputes and claims of adverse possession, and interpreting the effect easements have on real property. He can assist with tax lien sales and quiet title actions, as well as access issues.
If you need help interpreting legal documents involved with the purchase or sale of real property, such as offer and acceptance agreements, purchase agreements, or escrow documents, we’re here to help you understand how these documents impact your rights.
Phillip has extensive experience representing individuals and single-owner companies as well as large corporations, partnerships, and limited liability companies throughout Nevada. He has negotiated the settlement of complex real property actions as well as defended claims arising from the sale of commercial property.
When a case can’t be settled without resorting to litigation, Phillip Stone, an experienced trial lawyer, provides the Reno and Tahoe, NV clients with the highest level of trial court representation in the most efficient and cost-effective manner possible. Phillip has represented clients at trial in state and federal courts, before the Nevada Supreme Court, and in adversary proceedings in bankruptcy court.
The Stone Law Firm is here to provide you with the real estate law advice you need in Nevada. Contact Phillip Stone’s office today to make an appointment. Let him put his experience to work for you.
If you’re considering selling, buying or some other real estate transaction, you need to speak with an attorney with the experience in interpreting and drafting sales agreements and other real estate contracts. Attorney Phillip Stone will walk you through the process and help you protect your real property interests.