Daily Archives: May 2, 2008
Real Estate Market Conditions: Favorable To Home Owners
Real estate market conditions used to be favorable to home owners. Home values were high and interest rates low, making real estate market conditions favorable to home owners. Now, home owners may feel glum about the real estate market conditions but they should improve after the presidential election. Real estate market conditions include interest rates and home values.
Quit Claim Deed Gives Up Marital Rights To Real Estate
When you get separated one of the spouses may sign a quit claim deed giving up rights to real estate. Because of the quit claim deed, it’s less likely that the property will be considered a marital asset by the courts. The signing of the quit claim deed gives the spouse who now owns the property a good case for saying that it belongs only to him or her.
Partnership Agreement When You Buy Real Estate Pre-Marriage
When you’re about to get married and either you or your future partner has a lot of assets, you may want to sign a prenuptial agreement. If you’re buying property prior to getting married, you may want to set up a partnership agreement that outlines the responsibilities of each partner. Prenuptial agreements and partnership agreements can protect people involved in real estate transactions.
Contract Will Determine Fate Of School Playground Equipment
School playground equipment is considered a fixture. Fixtures typically stay at the site where they’re installed and have to be excluded from a contract to be removed. In a typical residential purchase contract, fixtures permanently attached to the property are generally left with the property.
