The Experience You Need
Mortgage pre-approval can help those hunting for homes understand their potential budgets. Once aspiring buyers know how much mortgage they can secure, it becomes easier to identify properties that they can afford. People often take for granted that a pre-approval...
There are many different paths to home ownership, some of which are more complex than others. Acquiring real property at a tax lien sale can be a cost-effective option when aspiring homeowners are flexible about the location or condition of the property they acquire....
When market prices fluctuate, buyers may unintentionally overvalue properties. An appraisal gap occurs in cases where people hoping to acquire real property offer a sale price higher than the fair market value for the property, as established by a professional....
If you’re buying or selling a home, that’s likely one of the largest financial transactions you’ll ever make – and one of the most confusing. That’s why scammers are attracted to the process. Now that many of the documents and transactions are handled online, it’s...
Title records validate ownership of real property. People who execute deeds can add or remove their names from a property’s title. The county recorder's office provides a thorough record of all title changes going back many years. Those records can play a key role in...
Contingency clauses can be incredibly helpful in real estate transactions. As we recently discussed, they are a form of protection for the buyer. The transaction itself is contingent upon certain qualifications being met. For example, perhaps there is a loan...
There are a variety of reasons why people could find themselves as co-owners of a home or a piece of real estate property. Even if they did not intentionally purchase that property together, for example, they may have inherited it. Two siblings may both be left equal...
Property owners fall behind on their tax obligations for many different reasons. In some cases, job loss, divorce or medical emergencies result in people failing to prioritize property tax obligations. If people fall behind on property taxes, their ownership rights...
When selling real estate in Connecticut, sellers need to fill out a disclosure form. This is also referred to as a residential property condition report, and it is required under the Uniform Property Condition Disclosure Act. As a general rule, the disclosure form is...
People making offers to buy real property often walk through the property at issue first. Especially when they conduct the walk-through with the support of a real estate professional, they probably assume they understand the condition of the property. Between the...