A homeowner has his home on the market and has a property tax bill due next month. The homeowner is obligated to pay his property tax bill on time. During the closing a "proration" of taxes can be negotiated. The seller will pay for the percentage of the year you lived in your house. The buyer will pay for the percentage of the year he will have lived in the house.
What happens when you quit claim a property to a friend who makes you promises to take care of a property and your interests in it and then renegs? You've given up your property rights because of the quit claim deed. It may be time to hire an attorney.
A buyer could not make it to the closing of his new home and signed a Grant of Authority for the builder to sign the documents. There were many errors along the way and the closing did not happen. Ilyce and Sam explain who should get to have the authority to sign documents if you can't make it to the closing.
In this column, Ilyce explains why home buyers and sellers should work with an experienced real estate agent. Home buyers and sellers should work with real estate agents with 10 or more years working in the housing market. Ilyce says experienced real estate agents have seen the real estate market turn several times and are better prepared to help home buyers and sellers with their real estate needs.
How does the future real estate market look? Every 11 seconds, we add another person to our ranks - to the tune of nearly 4,000 people per day. This is cause for an optimistic real estate market. With more and more people entering the market, they will need houses, jobs, food, clothing, and technology access. User-generated content and social networking will ultimately change how real estate is marketed.
