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New Construction Condominium Floor Not Level

By | July 20th, 2007|

Home inspection can save you a big headache in the long run. In a new construction condo, the new owners have discovered that the floors are not level. They want to go back to the builder and have him fix the floors. Make sure a home inspector checks everything, like the floors. Some difference in the floor may be normal. The owners need to talk to a home inspector, the builder and a real estate attorney to find out what they can do to get their floors fixed.

New Construction Includes Landscaping

By | July 19th, 2007|

When you buy new construction you may expect the landscaping, including the grass, to be in order. Is landscaping complete when the yard has rocks and holes in it which prevent the grass from being mowed? It depends on the agreement that the home buyer comes to with the builder prior to moving in. If the builder committed a breach of contract by neglecting some landscaping the home buyer may be able to sue.

Canceling Condo Contract

By | July 18th, 2007|

Builders are facing cancellation of new construction contracts all over the country. Unless it is specified in the contract, there is no obligation on the part of the builder to return your deposit if you cancel the contract. As the buyer, you are obligated to fulfill the term of your real estate contract.

New Home Development Not What Was Promised

By | July 17th, 2007|

A homeowner, and many of his neighbors, feel the developer delivered a vastly different neighborhood than what was promised. Some states require developers to disclose their development plans in advance of having a buyer sign a contract for the purchase of a home. Some states also have consumer fraud statutes that may apply to your case. The homeowners should consult a real estate attorney to determine if they have cause to bring a case against the builder.

New Orleans Rebuilds, Part III

By | July 15th, 2007|

Residents of the 9th ward in New Orleans were hit perhaps the hardest by Hurricane Katrina. Ronald Lewis was the first person to move back into the 9th ward, and still remains one of the few to return. With the help of students and an architect he has rebuilt his home to be an example to other residents to return and help rebuild the 9th ward. Ilyce wonders if a neighborhood can still survive without its neighbors.

Being Informed Of Condo Bylaws

By | July 14th, 2007|

A home buyer bought a condominium and wasn't told that pets weren't allowed according to the association's bylaws. Typically, condo owners must provide a buyer with the condo declarations and all of the rules and regulations for the property. But even if he wasn't informed of the condo association's bylaws, he still needs to abide by the rules.

Contract Importance: Rebate Part Of Buyer’s Agent Commission Was Oral Agreement

By | July 13th, 2007|

What happens if you make an oral agreement, instead of a written contract, where the agent would rebate part of the commission in the purchase of a condominium? If the agent does paying the rebate, then you don't have a written contract to back up your claim. Ilyce explains that oral agreements often don't hold up in real estate law, unlike written contracts, and suggests using a real estate service such as BuySide Realty.

Leaking Basement In Newly Purchased Home

By | July 12th, 2007|

A home buyer had a home inspection but still found a leaky basement after moving in. It's easy to want to go after the seller to pay for repairs, but it's possible the seller didn't know about the problem and therefore didn't disclose it. To go after the sellers, the buyer would have to prove they knew of the problem and failed to disclose it.

Understanding Specific Terms Of Easement

By | July 11th, 2007|

An easement can take many forms and include a variety of restrictions. Some easements may allow only pedestrians to use a piece of land, while others might allow automobiles but not trucks. The key is to decide what rights are granted under an easement and what rights the owner of the property that gave the easement retained to that land.

How Mortgage Lenders Deal With Credits

By | July 10th, 2007|

A buyer is purchasing an apartment building and the seller has agreed to give him a credit for repairs. A lender might not like the idea of taking a credit in this purchase. An escrow account might be used to pay repair contractors directly.

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