Closing Costs May Vary
Closing costs vary for numerous reasons. However, if your lender is quoting you a fee that seems high, you should shop around and compare closing costs from other lenders.
New York Real Estate Market Still Moving
New York real estate is one of the few markets in the country that is still moving at a good rate. Is now a good time to buy a home in the area? It all depends on the neighborhood and how long the homeowners want to be in the house.
Builder Won’t Fix Problems From Low Water Pressure
A home buyer says the builder of their new construction problem didn't disclose a water pressure problem. The homeowner now has more problems from lack of water problem that the builder will not fix. The owner needs to determine what caused the problem and what is in the contract before going after the builder.
Real Estate Agent Can Collect Real Estate Commission If Inactive?
Is a real estate agent with an inactive license able to collect on a real estate commission? The real estate agent's boss agreed to pay her the commission and then backed out of the deal. Ilyce and Sam explain to the real estate agent whether she can collect a real estate commission even though she was inactive.
Real Estate Sales Down, Economy Next?
Real estate sales are down- does that mean the economy is next? Will the decline in real estate sales and home values push us into a recession? Ilyce evaluates the state of the economy in light of the down real estate market.
Quit Claim Deed May Not Represent All Owners’ Interests
When you agree to pay property taxes you likely want property ownership as well. But be careful assuming financial responsibility when only one of multiple owners of a property asks you to. If one property owner quit claims his share of a property to you, you may find that you've invested a lot of money into a property only to have the other owner or other owner's heirs come to you later wanting their share. It's helpful to contact an attorney in this situation.