The residential real estate market has been red hot across the country. Prices have pushed skyward as sellers receive multiple offers. Navigating these competing offers is tricky, and applicable laws vary from state to state. This article will not constitute legal advice, and you should consult an attorney during a transaction. But generally, here is… Read more »
Sometimes in a home sale, the buyer asks to take possession of the property before closing. Most real estate agents discourage this practice because it’s risky for the seller. If you decide to allow your buyer to take early possession, you must protect your interests. Here’s what you need to know. Potential problems with early… Read more »
Working with a real estate agent when buying a home will save you both time and money. The more complicated the move, the more helpful an agent can be. Here are seven advantages to having an agent guide you through the home-purchasing process. Time saver. Searching for the right home is time-consuming, and your real… Read more »
When you close on the purchase of a house, it seems the stream of documents will never end. Closings can easily involve 100 pages of records. It’s a fact that, for most people, their home is their biggest investment. That’s why homeowners should keep important closing documents. After the writer’s cramp eases, what do you… Read more »
Congratulations, you’ve gotten a contract on your house! But wait, someone else makes an even better offer. Can you accept it? Once you sign a contract and earnest money has been paid by the buyer, an enforceable contract is in place. You cannot break it without penalties. The buyer can sue for enforcement of the… Read more »
It’s awkward when you’ve signed a contract to buy a house and then discover that you can’t go through with it. Let’s look at the proper steps to cancel so it doesn’t become expensive, too. Canceling during negotiations. If you have extended an offer to a seller by signing a contract, but the seller has… Read more »
When a home seller and a buyer come to an agreement on a sale, more than just the house and land are involved. Misunderstandings sometimes arise over elements of the home that the buyer thought were staying and the sellers intended to take with them. These decisions revolve around three legal concepts: real property, personal… Read more »
When purchasing a new home from a builder, prospective buyers need to know that contract negotiations are a bit different from the typical resale process. First, and foremost, the on-site real estate agent works exclusively for the builder, meaning buyers need their own agent who puts their interests first, particularly through the sales contract negotiation… Read more »
If you live in an area where homes are selling for asking price or more, you could find yourself in a bidding war. Here are five tips to reduce your stress and come out on top. Have your money in order. Do a solid budget analysis and know precisely how much you can afford to… Read more »
