Rhode Island Purchase or Sale of Real Property - Land or Lot - Questionnaire

State:
Multi-State
Control #:
US-Q1036
Format:
Word; 
Rich Text
Instant download

Description

This form addresses important considerations that may effect the legal rights and obligations of the parties in a lot or land sale matter. This questionnaire enables those seeking legal help to effectively identify and prepare their issues and problems. Thorough advance preparation enhances the attorney’s case evaluation and can significantly reduce costs associated with case preparation.



This questionnaire may also be used by an attorney as an important information gathering and issue identification tool when forming an attorney-client relationship with a new client. This form helps ensure thorough case preparation and effective evaluation of a new client’s needs. It may be used by an attorney or new client to save on attorney fees related to initial interviews.


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FAQ

Disclosure Laws in Rhode Island for Home Sales For starters, this section of state law says that before signing any agreement to sell real estate, the seller must "deliver a written disclosure to the buyer and to each agent with whom the seller knows he or she or the buyer has dealt in connection with the real estate."

Here's why each of those things should be critical to your home search.Location, location, location. You've probably heard it before.Price.Home style and size.Home amenities.Quality of nearby schools.Taxes and cost of living.Size of the property.Homeowners association (if applicable)

Here are some things, which you should keep in mind while investing money in buying land and avoiding legal hassle.Title Deeds.Sales Deed.Tax Receipt and Bills.Pledged Land.Measure the land.Agreement.Registration.

They say that the three most important things to think about when buying are home are location, location, location. You can live with almost any imperfection in a home if you love the neighborhood and your neighbors. You can change almost everything else. But, once bought, you cannot change your home's location.

Environmental Issues You could encounter high levels of radon or asbestos. The soil could be unstable and unfit to build on. If you build on soil that is not stable, it could cause the foundation of your property to crack. The land could be located in a flood zone.

15 Questions to Ask When Buying a HouseWhat Questions Should You Ask Before Buying a House?What's my housing budget?How much should I save for a down payment?How much are closing costs?Do I need to save for moving expenses?How will I furnish and decorate?What's the neighborhood like?What are the schools like?More items...?

11 Questions to Ask When Buying LandHow is the property zoned?Are there any building restrictions?What are the access rights?Are there any utilities and/or utility hook-ups?Are there any planned developments surrounding or near to the property?Who are the neighbors?Are there any easements on the land?More items...?

Here are eight common real estate seller disclosures to be aware of, whether you're on the buyer's side or the seller's side.Death in the Home.Neighborhood Nuisances.Hazards.Homeowners' Association Information.Repairs.Water Damage.Missing Items.Other Possible Disclosures.

10 Questions To Ask A Real Estate Agent When Looking At HomesWhy is the owner selling and how long have they lived there?What is the market like in this neighborhood?What is this property worth?Is the seller flexible on their asking price?Are there any seller's disclosures?How often has this property been sold?More items...

These and other property-access questions are important to understand when buying land.What are the access rights on the property?Is this land or property served by existing utilities like electricity, sewage, water?Has the land been surveyed recently?Who are the adjoining neighbors?More items...?

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Rhode Island Purchase or Sale of Real Property - Land or Lot - Questionnaire