Whether you’re buying or selling a piece of real estate, it’s a big decision. The finances involved are usually significant and there’s a lot at stake. Often, real estate deals go through smoothly, but this isn’t always the case. Sometimes, a buyer will try and back...
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Real Estate Law
Common errors in real estate contracts to avoid
While real estate contracts are fairly straightforward, mistakes still happen. Even seasoned real estate agents make them from time to time. The best way to avoid errors with a real estate contract is to know the most common ones. Not filling in the entire contract...
Common home sale contingencies
Contingency clauses are often used in home sales. These contingencies have to be met in order for the seller and the buyer to be contractually obligated to work with one another. The potential buyer will put the contingencies in when they make the offer, and they only...
Planning for elder care with Medicaid
When you apply for Medicaid, your application is subject to a review of your spending. This is known as the five-year look-back period. During that period, Medicaid checks for ways in which you might have spent money that could have been used to help with your current...
Signs that a real estate deal might be too good to be true
You have searched for a new home for several months now. Finally, something has come up. You’ve spotted the ideal house. It has great facilities and plenty of space for your young children. The house is also for sale at a price that is well within your budget. It...
What is a landlord obligated to do regarding habitability?
If you are a landlord of rental properties, then you have lots of responsibilities. You’re the go-to person that agitated tenants call when their toilet overflows, the air conditioning won’t cool their unit or the heat balks in January. But what are you legally...
When selling a home, must you disclose nearby sex offenders?
Most people don’t sell a home very often, and that can leave you a little fuzzy about the rules you have to follow. You know that there are certain disclosures you have to make about the property that could affect both its value and any potential offers you might...
Your neighbor wants a zoning variance: Can you stop it?
You love your neighborhood. While you aren’t averse to progress or change, there are some changes you’d rather not see. For example, the idea of your neighbors getting a variance that will allow them to build a chicken coop in their backyard or turn their Victorian...
Did the person who sold you your home hide defects?
When a person decides to sell their home, they are obligated to disclose a number of things. Examples include known water damage, fire damage, major foundation issues and the like. Essentially, if the seller knows that there is a problem with the house, they have to...
Can you sell your property while it’s being rented?
As a landlord, you got into the real estate market to make money. You enjoy the passive income from your tenants, but you have other opportunities on the horizon. As a result, you want to sell the properties that you’ve collected over time, so that you can invest in...