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Home Buyer Needs Attorney To Protect Real Estate Purchase

By | April 2nd, 2007|

Having an attorney is one of the best ways for a home buyer to protect himself when purchasing real estate - especially if he is buying from a real estate agent or mortgage lender. The attorney can protect the home buyer from being cheated when purchasing real estate from someone who has a background in real estate. A home buyer should always hire an attorney, appraiser or someone with a background in real estate to make sure the make a sound purchase and investment.

Starting A Career In Real Estate

By | April 1st, 2007|

Working as an "apprentice" of sorts to the top Realtor in your area, you will soon learn how to be a very good agent. You can't ask for any better training than to watch a top agent work at her business day in and day out. Previous job experience and skills will also transfer over to help you with a new career in real estate.

Illegal To Raffle Off Home

By | March 31st, 2007|

Is it legal to raffle or lottery off your home? You'll have to do the research for your particular state, but most likely, selling a home through a raffle or lottery is illegal.

Septic Problem Should Have Been Disclosed

By | March 30th, 2007|

A home buyer purchased a home that turned out to have major septic problems that weren't disclosed at the time of the purchase. The septic field should never have been approved by the health department. In some states, if you have to sue the seller for a failure to disclose a material issue that should have been disclosed to you, you may also be entitled to recover your costs of suing the seller for a recovery.

Co-Buyer Wants Off Title

By | March 29th, 2007|

He helped a friend buy a home by agreeing to be the "co-buyer," but now that the friend can't make the payments he wants off the title. He is not the "co-buyer," he is the owner and his credit score depends on the payment of this mortgage.

Settling Property After Split

By | March 28th, 2007|

A couple splits up leaving the name of the man on the mortgage but both names on the title. Now the gentleman is stuck with the debt of the mortgage and not sole ownership of the home. The man can either buy the woman's share of the home or go to court to have the home awarded to him and become the sole owner on the title.

Wait To Transfer Property Through Inheritance

By | March 27th, 2007|

It is probably better to transfer property through inheritance, rather than gifting or quit claiming the property. With inheritance, the property will be transferred at the market value of the day of the land, and both parties will avoid a big tax bill.

Assuming A Mortgage Under Foreclosure

By | March 24th, 2007|

Should you use a website service to find property listings to assume the mortgage. There is a difference between assuming a mortgage, and buying a house "subject to" the existing mortgage. Lenders' activity is changing in the current real estate market and assuming a mortgage could involve different conditions.

Appraising Home Before Divorce

By | March 20th, 2007|

A home seller thinks the appraised value of her home is too high compared to other homes in her neighborhood. She needs the appraisal to be correct to determine the equity in her home because she is going through a divorce. She should have the home re-appraised by an appraiser who knows the market conditions in her neighborhood.

Buying Most Expensive Home On Block

By | March 19th, 2007|

Everyone knows they shouldn't buy the most expensive home on the block but what if it is new construction? Most buyers want a new construction home and the competition upon selling it will be homes even newer than the home you want to purchase now. It's tough to tell how homes will appreciate in a new construction neighborhood.

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