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...
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Real Estate Practice
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...
Cash is king for those buying investment real estate
Real estate investing is popular. Not only has it been the subject of many successful reality television shows, but it also helps thousands of Americans produce a reliable secondary stream of income. Some successful investors can even make their investment property...
Can a homeowner redeem a foreclosed property?
You want to invest in real estate by purchasing homes that have been foreclosed upon by the bank. This is often frustrating for buyers who are looking for somewhere to live, as it tends to take time and be more complicated, but you are not worried about it. You have...
Setting up a homeowners association protects property values
Homeowners associations (HOAs) sometimes get a bad rap for having too many rules or being overly picky about how they enforce them. But HOAs done right are actually a huge benefit to a community. If you are considering setting up a homeowners association for your...
3 big issues at closing that would lead to a real estate dispute
A real estate closing seems straightforward enough: You sign the paperwork, the seller signs, and you officially become the owner of the property. It is yours to do with as you choose from that day forward. For homeowners, this just means moving in, but investors may...
What do you need to include in an agreement of sale?
An agreement of sale is a document that includes information about the buyer and seller of a property. In a good agreement, it will give details on the property and other vital information that may be needed by the buyer, seller, attorney or others involved....