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Real estate law governs the rights to own, use, and enjoy land. At Wagner Oehler, Ltd., our attorneys have extensive experience handling diverse real estate matters, including property purchases and sales, lender's title insurance, farmland transfers and leases, commercial contracts, 1031 exchanges, and transfer on death deeds. If you’re planning to buy or sell commercial property or farmland, having knowledgeable legal representation can help you prevent issues and ensure a smooth transaction.
We seek to facilitate smooth real estate transactions while advocating for your interests. We handle real estate transactions throughout Southeastern Minnesota, including in Winona County, Fillmore County, Mower County, Wabasha County, Goodhue County, Olmsted County, and Dodge County.
Whether you are buying or selling property using a contract for deed, you should consult an experience real estate attorney to make certain that the terms of the deal are clearly reflected in the document. In this type of transaction, there are particularities that you should be sure you understand before signing the contract. You should also know how to protect and enforce your rights during the term of the contract if things do not go as planned. Contracts for deed have serious implications for buyers and sellers. Don't be unprepared.
A transfer on death deed is an instrument that allows you to name who you want to inherit your real estate. Like other beneficiary designations, it is a probate-avoidance technique. A properly drafted and recorded transfer on death deed can make it easier for your heirs to settle your affairs after your death. Although this is can be a great estate planning tool, it is not a good fit for every family - particularly when you have minor beneficiaries, many heirs, or heirs spread out across the country. You should always consult with an experienced real estate and estate planning attorney before executing a transfer on death deed.
By using a 1031 exchange, property used in a trade or business or held for investment purposes can be exchanged for like-kind property while protecting the seller from capital gains taxes and promoting greater overall holdings. However, to achieve these asset preservation objectives, the parties must carefully adhere to all the rules and regulations. An experienced real estate attorney can help you access the benefits of a well-structured 1031 exchange.
You should seek out a professional to guide you through cell phone tower, solar panel, and wind turbine construction and lease contracts to ensure you are protected and not giving up more than you intend to before you sign. Our attorneys are experienced with working with residential, commercial, and farm real estate.
When you are ready to speak to an attorney, contact us today by calling our office at 507-288-5567. We look forward to working with you!
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