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Real Estate

Have real estate questions? Here, you’ll find helpful articles and other resources that cover issues related to real estate, buying, selling, financing, refinancing, credit and debt, insurance, second homes, vacation homes, real estate investment, new construction, and renovation.

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Unable To Sell Your Home?

By | October 25th, 2006|

As the market shifts around the country, more sellers are getting caught in the slowing market -- where some homes are taking longer to sell or don't sell at all. If you sign a contract to sell a home but fail to close on the purchase, the seller may be able to enforce the terms of the contract. If the contract allows the seller to sue you for damages, you could lose more than just the earnest money.

New Construction Delayed Without Building Permits

By | October 24th, 2006|

To build a new home your builder has to secure building permits from the local government. It may take a while to obtain building permits because of zoning board concerns or other local issues. To get the builder moving or switch to another builder it helps to go through the original new construction contract with a real estate attorney.

How To Find A Real Estate Advisor

By | October 22nd, 2006|

A buyer reader is purchasing investment property and looking for a professional to help. If you want help with your investment property purchase, start by contacting someone local who really knows the specifics of real estate law. Referrals are also a great way to find a professional that will help you with your investment property purchase.

Lenders, Mortgage Brokers and Bankers

By | October 21st, 2006|

There's a wide world of difference between different types of lenders. Knowing how mortgage brokers, mortgage bankers, and other types of lenders operate can help you make a smart move with your money.

Lease With Option To Buy In 3-Unit Building

By | October 19th, 2006|

A lease with option to purchase can be a good solution for both seller and tenant. But how would a lease with option to buy work for one unit in a multi-unit property?

Property Tax Exceed Owner’s Payment Ability

By | October 18th, 2006|

What can you do if you're working as hard as you can and paying property taxes is still a stretch? You should see if you're eligible for any property tax exemptions offered by your local municipality. If you can't find a way to lower your property taxes, you may have to reassess your lifestyle.

Setback Requirement Discovered After Closing

By | October 17th, 2006|

In some parts of the country, zoning regulations and other covenants that include setback requirements were enacted after homes were built in a neighborhood. Many older homes may be legal but non-conforming, therefore, they will not be in violation of the setback requirement. If the home is a new home, there may be cause for concern regarding the setback requirement.

Give Gift Of Land With Quit Claim Deed

By | October 15th, 2006|

Land can be given as a gift through the use of a quit claim deed. No taxes need to be paid if the gift is valued at less than $12,000. You might need an appraisal to prove the value of the land to the IRS.

Refinanced Mortgage In One Homeowner’s Name, Title In Both Homeowners’ Names

By | October 14th, 2006|

What do you do if you purchased a home with a friend who ran into some financial difficulties, and the home was refinanced in the your name only? Should you have mortgage refinanced in your name only, even if the title is in both names? If you do, you will be stuck with all the financial responsibility of the refinanced mortgage while the friend has none.

Buying A Foreclosure? Hire A Home Inspector And Attorney For Protection

By | October 13th, 2006|

When buying a foreclosure, it's important to hire a home inspector and attorney to protect yourself from any unwelcome surprises. A foreclosed property may come with maintenance problems that a professional home inspector can identify. An attorney will a home buyer purchasing a foreclosure by making sure the contracts are legal and the seller discloses any problems the house may have.

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