Generally, it is beneficial for both buyers and sellers to reach a fair agreement that can be closed efficiently. Often, this is how real estate purchases work out. However, not every deal is smooth sailing and there are certain things that can get in the way....
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Real Estate Law
Can I change my mind after my offer on a home is accepted?
You’ve found the perfect home and your offer has been accepted. The next day your spouse tells you that their boss is transferring them out of state. Now, you’re wondering if you can back out of buying the house. The good news is that you can retract your offer due to...
Why do you have to pay 2 title insurance premiums?
First-time home buyers often fail to understand how expensive the process can be. They don't just need to come up with the amount offered for the purchase of the home. They will also need to cover thousands of dollars and closing costs. Although sellers do sometimes...
2 reasons to perform a title search when investing in real estate
Buying a home is, by all means, a major investment. Every home buyer dedicates time searching for that perfect abode, one they will hope to raise their families in. One of the important steps you need to take after identifying your dream home is a title search. But...
When do people usually buy their first home?
If you've been renting and you're thinking about buying your first home, you may wonder if it's the right time. Perhaps you wonder if you're too young to go buy a house or if it would be a wise financial decision. When do people usually decide to buy? It is true that...
Is a purchase option the same as the right of first refusal?
The decision to invest in a new home is personal and dependent upon your financial situation. Many people that want to buy but have limited resources at any given time may consider either a purchase option or the right of first refusal. Although they resemble one...
Should you buy a house that has been flipped?
House flipping has become relatively popular, in part due to television shows about the process that tend to make anyone think that they can be successful at it. In 2019, for example, more than 6% of all residential homes that changed hands were flips. Should you buy...
What does it mean to rent-to-own a home?
The real-estate market is painfully tight, and would-be homeowners are feeling the pinch. In a seller’s market, it can be hard to get enough money down on a home, especially when sales prices keep soaring over the asking amount. Rent-to-own can be a nice alternative...
3 money questions to ask yourself before buying your first home
Mistakes are easier to make than you think when buying your first home. The euphoria of the situation can cloud your judgment or cause you to overlook vital issues. Also, you have never done this before, and beginners in any field make mistakes. Here are some things...
Should you consider a short sale for your home?
Selling a home in the current real estate climate can be challenging. While this is true, you do have options. One option is a short sale. However, because of some of the short sale terms, it’s important to learn more about it to determine if it is the right option...
