With the housing market so tight and so expensive, every would-be buyer is looking for a bargain. That has more people than ever interested in short sales. A short sale refers to a situation where a homeowner is no longer able to afford their mortgage and the bank has...
The Experience You Need
Year: 2023
Title issues can delay residential real estate closings
Buying a home is an exciting journey filled with anticipation and dreams of a new future. This journey can hit unexpected roadblocks, particularly regarding title issues. While often overlooked, these issues can significantly delay the closing process of a residential...
First-time homebuyer? Do not rush the process
The eagerness to settle in your own space may tempt you to rush the home-buying process. However, it is advisable to take your time. Buying a home is a significant financial decision, and rushing the process can predispose you to costly blunders that could affect you...
Partition actions and inherited real estate: A fair solution
It’s not unusual for parents to leave their homes to their adult children in equal shares – but that attempt to keep everything fair can actually have very unfair results when the siblings cannot agree on what to do with the property. This is where a partition action...
Be careful about falling in love with a house
When some people are shopping for a house, they essentially view it like dating. They’re looking for a house that they love. Maybe they have a certain aesthetic style in mind, such as preferring Tudor homes or brick houses. Maybe they’re looking for amenities, like a...
What’s the role of a good faith deposit when buying a home?
Home purchasing is one of a person’s most significant financial decisions. It involves a multitude of steps and considerations, one of which is the good faith deposit. A good faith deposit, also known as an earnest money deposit, is a sum of money that a homebuyer...
What do inspectors look for when evaluating a home?
A home is a good investment for people who wish to settle down and plant their roots. The home-buying process, however, isn’t as easy as it looks. Many people have to circulate through many homes before they find the one that suits them best. Before someone settles...
What is a mortgage contingency and do you need one?
If you are buying or selling a home, there are several ways to safeguard your interests. One protective element is a mortgage contingency clause. However, is this one necessary with so many contracts and documents needed for selling and buying a home? Learn more...
Why not send your good-faith deposit directly to the seller?
In real estate transactions, the purchase decision is often accompanied by a substantial good-faith deposit. Traditionally, this deposit has been sent directly to the seller, demonstrating the buyer’s commitment to the purchase. However, depositing the funds into an...
Potential problems that may appear during a title search
Real estate transactions can be financially and legally taxing. One of the most crucial steps during a real estate transaction is the title search. Basically, this is the process of reviewing the public records to ensure that the property is clean and that the seller...