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Partnership Agreement Spells Out Real Estate Responsibilities

By | September 7th, 2006|

When you buy property with a friend you need to figure out who is going to pay for what. Buying a vacation home or a second home includes mortgage payments, utility payments and home repair costs. After you've determined the vacation home responsibilities it's a good idea to draft a partnership agreement with the help of an attorney.

More On The Buyer/Agent Relationship

By | September 6th, 2006|

While many agents do work exclusively on their agents behalf, there are too many situations where a buyer's agent also winds up representing the seller in a dual or non-agency relationship. By disclosing to the agent exactly how much a buyer likes a property, the buyer gives away some of his or her leverage. Not disclosing it to the agent protects the buyer from awkward no-agency or dual agency situations that may develop later.

Selling Your Home Requires Proof Of Ownership

By | September 5th, 2006|

When you buy a property it's important to have your name on the title and mortgage, if you have one. If you buy a property with a family member and later decide to sell, but you have no clear documentation showing you're the owner, it could be a problem. Learn the legalities of determining a home's owner to enable selling a home.

Listing Contract Doesn’t Have Cancellation Terms

By | September 3rd, 2006|

A home seller has become unhappy with her listing agent and would like to cancel the listing contract. The contract doesn't state anything about cancellation and the listing agent refuses to accept the cancellation. Ilyce explains what options the home seller may have.

Real Estate Minute: Home Sales Are Down, And Then They Go Up

By | September 1st, 2006|

Real Estate Minute with Ilyce Glink Home Sales are Down, and then they go up Original Air Date: September 1, 2006

Five Home Buying Mistakes You Don’t Want To Make

By | September 1st, 2006|

For the first time in years, it's a buyer's market, but it isn't hard for buyers to get caught up traps that can trip up even the most diligent of buyers. One home buying mistake is guessing how much you can afford to spend. Knowing what you can spend before you shop for a home is a lynchpin of successful home buying.

Is Rental Condo A Good Investment?

By | August 31st, 2006|

Investing in rental property often leads to questioning your investment when the market takes a dip. But with a relatively illiquid real estate market, it's not always a good idea to sell your investment because the short-term prospects seem volatile. But when investing in real estate, it is important to have an exit strategy.

Real Estate Minute: Builders Use Auctions To Sell Property

By | August 30th, 2006|

Real Estate Minute with Ilyce Glink More builders are using auctions to unload property Original Air Date: August 30, 2006

Lot Line Dispute Could Lead To Claim Against Title Company

By | August 30th, 2006|

A new home buyer is informed by his neighbor that his lot is not as big as he was lead to believe. This situation is complicated and could lead to a claim against the title company. Some title problems may not be covered and some are always excluded by title insurance companies.

Appeal Court Decision To Retrieve Investment Property

By | August 29th, 2006|

When you buy debt from the FDIC on an apartment building, you should receive an assignment of the mortgage. What can you do to ensure your sale is valid and holds up in a federal court? And how can you appeal a federal court ruling that resulted in you losing your investment property?

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