You make a bid on a home and you hear back from the seller: They didn’t say, “No,” but they didn’t say, “Yes,” either. Instead, you got a counteroffer. What does that mean for you? A deal isn’t a contract without both offer and acceptance No contract is valid until...
The Experience You Need
Year: 2021
Do you have to disclose a prior occupant’s disease or death when selling a home?
People can be very funny creatures, full of biases and superstitions -- and real estate agents are fully aware of how that can translate into a lost sale when it comes to homebuyers. That’s one of the many reasons that home sellers are required, by law, to disclose...
What kinds of mistakes or problems can a title search find?
A title search is an important part of buying your home. You may wonder why it’s necessary, and the answer is simple. A title search looks for title defects. There are many different problems and mistakes that a title search can reveal. Some may include: Illegal deeds...
Understanding use and exclusive use clauses in commercial leases
Commercial leases are tricky. Residential tenants enjoy numerous protections in the law against provisions in their leases that unfairly limit their rights, but commercial tenants are largely on their own when it comes to negotiations. Two of the biggest issues an...
Do you lose your down payment if you back out of a home purchase?
When you made an offer on a house that caught your eye, the seller wanted 5% in earnest money. The house was just over $300,000, so you gave them around $10,000 as, essentially, a down payment to show that your offer was serious. While that was true at the time and...
What protects you from hidden problems with a home purchase?
Sometimes there can be surprises in store when you find the home of your dreams. If you do not spot them soon enough, they could cost you dearly. What measures can you take to reduce the risk of a nasty shock after you have signed on the dotted line? Are there any...
Should you get a lot surveyed before buying?
You find a home that looks perfect. The walk-through goes well, the price is right and you don’t see any major defects. You know you’re going to have an inspection done anyway, just in case, but should you also call a surveyor? Most people think that a surveyor may...