Buying a House Archives

Buying Property With My Sister

By Ilyce Glink| 2004-09-03T00:00:00-05:00 September 3rd, 2004|

Buying property with relatives can be a little tricky. Here are a few ways to successfully buy property with relatives, including putting a house into a trust, owning the property as joint tenants with rights of survivorship, or using a partnership agreement to define what happens in various scenarios. A real estate attorney can also help find a plan that will work best for relatives buying a home together.

Emotional Quotient Important When Buying A House

By Ilyce Glink| 2004-09-03T00:00:00-05:00 September 3rd, 2004|

Buying a home before you're ready almost always leads to buyer's remorse. Home buyers tend to try to fit both wants and needs into a single property. Here are ways to avoid five common emotional mistakes that come with buying a home.

Title And Mortgage Problems Add Up

By Ilyce Glink| 2004-08-27T00:00:00-05:00 August 27th, 2004|

A lot of newcomers have joined the title and mortgage industries in the past few years in order to make a fast buck with the recent real estate gold rush. But many don't know what they're doing and many more are overworked and that makes like difficult for buyers, sellers and agents.

Building A Home On Purchased Land

By GlinkAndTamkin| 2022-09-18T10:53:23-05:00 August 20th, 2004|

Building your own home is something you can always look back on as a major life accomplishment. However, before you build your house, it's good to understand the legal issues associated with building a home. You can build a home on land that you won and you don't need additional documentation to verify your ownership of the home.

How To Buy The Right House for You

By Ilyce Glink| 2004-08-20T00:00:00-05:00 August 20th, 2004|

House-hunting is difficult if you focus in on the wrong things when buying a house. Top agents will often recommend home buyers create a wish list of everything they want in a property, and then a list of items you can't live without. When you schedule a first showing, pull out your "must haves" list. You're looking to buy a home that meets your basic needs.

Suing Seller May Be Only Recouse

By GlinkAndTamkin| 2004-08-20T00:00:00-05:00 August 20th, 2004|

Suing the seller may be the only option for a home buyer that feels they were misled prior to purchase. If a developer made claims about the property that have turned out to be true, the buyer may have cause for misrepresentation. However, since the contract states the deposit was non-refundable, the buyers will have to sue. The dispute is between the buyer and the seller, and the credit card company can not get your money back for you.

Real Estate Agent, Attorney Can Help Buy Property

By Ilyce Glink| 2004-08-13T00:00:00-05:00 August 13th, 2004|

While you can look at real estate without a real estate agent, it's usually helpful to have one. You can work with either a buyer's agent or a seller's agent. And when you're ready to finalize your real estate purchase you should hire a real estate attorney as well. Learn about the benefits of hiring real estate professionals.

Avoid Scams When Buying Property

By GlinkAndTamkin| 2004-08-13T00:00:00-05:00 August 13th, 2004|

Watch out for this real estate scam. The scam artist sells somebody else's property, collects the money, and then skips town. Here are some tips on how to avoid getting scammed when you buy property.

Down Payment Cash Comes From Chicago Employers

By Ilyce Glink| 2004-08-05T00:00:00-05:00 August 5th, 2004|

Some Chicago area employers give their employees cash for a down payment as an employee benefit. Learn which employers give employees cash for a home down payment and how they can take advantage of tax credits when they provide down payment assistance. Getting cash for a down payment from an employer can make home buying easier.

Buyer Worried Deal Will Fold

By GlinkAndTamkin| 2004-07-30T00:00:00-05:00 July 30th, 2004|

A buyer signs a contract to purchase a commercial property and is worried he will be held responsible if it goes under. If he is on the contract, the seller can pursue him as the contract permits. Depending on why the deal is going under, the seller may be able to go after any one of the buyers.

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