Selling your home is a big step to take. You may be eyeing a bigger property to accommodate a growing family, relocating for a new job or just looking for a change of scenery. An important part of the selling process is disclosure to potential buyers. Failing to do so...
Real Estate
Protect your investment from these common title defects
Buying a property can be a complex process. One aspect that often gets overlooked or is misunderstood is the importance of clear title ownership. Title defects can disrupt your plans and cause you many problems. It is not sufficient to simply review on-line data...
The risks of buying and selling property in New York
Real estate transactions do not always go as planned. You may find yourself in a situation where the deal falls through after months of work. As a buyer or seller, you stand to lose significant time and money if you do not have the proper legal protections in place....
What is a real estate appraisal and when is it needed?
As a business owner, there may come a time when you need to let the property go. That's when appraisals become beneficial. However, many people associate appraisals primarily with selling a property. This isn't the only time it becomes useful, though. It is also...
What to inspect when doing due diligence before buying property
Buying a property can be exciting, but this significant decision often requires thorough work and deliberation. Real estate purchases usually involve considerable money, so doing due diligence can be essential. This process is vital in detecting hidden hiccups,...
What circumstances can get in the way of a real estate deal?
Real estate transactions often follow the same process, making deals seem predictable. However, some circumstances can be too severe to ignore, leading to the deal's disruption or cancellation. Even if the sale is already at closing, the buyer can face significant...
Four common contingency clauses in transactional real estate
Buyers hold a certain power in real estate. One such power is the ability to include contingencies in a purchase contract. Understanding these contingency clauses not only provides a safety net but also increases their bargaining power in the transaction. In real...
What makes a title defective?
Purchasing property often involves subsequent procedures necessary to ensure the sale goes through without legal or financial issues. These steps can also help detect problems with the property that may not be visible immediately, such as title defects. When a title...
Why is it better to be represented by a buyer’s agent?
Property buyers are naturally motivated to maximize their investment and get the best possible exchange in real estate transactions. But for first-time buyers, the intricacies of closing a deal may not be as straightforward. Without proper guidance and representation,...
Do you need title insurance?
Whether buying a new home or a commercial property, you should consider among the requirements to close the deal title insurance. It is virtually always a prerequisite when seeking funding to purchase the property. You need both "fee" title insurance to protect...