When it comes to investments, real estate is often seen as a safe bet. As opposed to stocks and other types of investments, many people view real estate as a smart investment that is sure to pay off over time. However, our law firm knows that there are many reasons...
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What things are sellers expected to leave in the home for the new owners?
You found the home of your dreams (or at least a great one that was in your price range). The owners clearly put a lot of thought – and money -- into the décor, which was a big selling point because decorating isn’t really your thing. Then after your offer is...
Many investors miss opportunities to reduce their closing costs
Real estate investors earn their income by buying, selling or developing property. Many investors approach the closing process with speed in mind. They accept the terms of the deal without resistance to close quickly and move on to the next investment. Unfortunately,...
Is that house listed as a short sale really a good deal?
Property rates are skyrocketing all over the nation -- and there are more people hunting for homes than there are homes up for sale. So, how can you find a property at a reasonable price? One option that you might be considering is the purchase of a “short sale.”...
Red flags for investors that can hold up a closing
If you are investing in real estate properties, it is essential that your closings go off without a hitch. Otherwise, your funds could wind up tied up for weeks or even months. That could mean that you miss out on other lucrative real estate purchases. While many...
Here is why you need an attorney when closing on real estate in Pennsylvania
Closing is the final step in a real estate transaction. This is the stage where the buyer obtains the property’s title from the seller. It is also the stage where the seller obtains payment for the property. Being a critical step, you need to have an attorney...
Why inspection issues could derail an investment property closing
Most people treat an inspection like a necessary but ignorable step in the home closing process. Especially if you are a real estate investor, you probably expected to spot any major issues and the property before the inspection. However, sometimes it takes a keen eye...
Can a seller reject an offer they already accepted?
Investing in real estate means looking for the best price and trying to find a good deal, which can help you maximize your earnings if you plan to sell the property. It can also help you lower the costs if you plan to hold the property and use it in some other...
Should you delay the closing over new damage to the property?
The price that you offered for your new home likely came from your understanding of the property's value after looking it over closely. You likely looked at the home and reviewed the seller's disclosure to decide what an appropriate price for the property was....
What should you require HOA residents to do before selling their homes?
No matter whether you're in the process of drafting your homeowners' association's (HOA) bylaws or you're looking to have a vote regarding updates, you might have thought about one matter that you can include in those covenants: You can make it a requirement to have a...