A buyer in Pennsylvania may be able to walk away after a bad home inspection if the signed agreement of sale includes an active inspection contingency that allows termination and the buyer follows the required deadlines and notice procedures. A bad inspection report does not automatically cancel a real estate transaction. Depending on the agreement, […]
Category Archives: Real Estate
In Pennsylvania, a seller who signs an enforceable real estate agreement generally cannot cancel the deal merely because the seller changed plans, received a higher offer, decided the price was too low, or no longer wants to move. The signed agreement of sale controls the parties’ rights. A seller may have a valid path to […]
August real estate closings can involve tight timelines. Buyers may want to move before school begins, sellers may be coordinating another purchase, and the professionals supporting the transaction may be working around summer schedules. Gibson & Perkins, PC helps buyers and sellers in Media, Pennsylvania, and throughout Delaware County identify closing risks before a missed […]
If you are selling a home in Media, Pennsylvania, this summer, a fast transaction does not reduce your disclosure duties. Pennsylvania law generally requires you to disclose known material defects before you and the buyer sign an agreement of transfer. Gibson & Perkins, PC helps property owners in Media, Delaware County, and nearby areas review […]
When considering transferring real estate into a Pennsylvania trust, it’s crucial to understand the various types of trusts available and their respective benefits. A trust is a legal arrangement where one party, known as the trustee, holds property for the benefit of another party, known as the beneficiary. In Pennsylvania, trusts can be structured in […]
Purchasing shoreline property in Pennsylvania involves more complexity than many buyers expect, especially when it comes to contract terms that define access rights, environmental exposure, insurance obligations, and long-term property use. Gibson & Perkins, PC in Media, Pennsylvania regularly assists buyers who discover too late that important protections were missing from their agreements. Understanding how […]
Summer vacation home closings in Delaware County can move quickly because buyers often want to settle before family trips, school breaks, rental season, or planned renovations. Gibson & Perkins, PC helps buyers slow the process enough to identify title problems, inspection gaps, zoning limits, tax concerns, and contract terms that may affect the purchase after […]
Spring is one of the busiest times for homebuyers in Media, Pennsylvania, and Gibson & Perkins, PC has seen firsthand how quickly deals can move during this season. The excitement of new listings often leads buyers to act fast, sometimes without fully understanding the legal complexities involved in a real estate transaction. This rush can […]
Spring is a popular time for families in Media, Pennsylvania, to sell inherited or long-held properties. Gibson & Perkins, PC often encounters situations where sellers are unprepared for title and ownership complications that arise during the sale process. These challenges, if not addressed early, can delay the transaction, reduce the property’s market value, or even […]