Buyers rely heavily on the information provided by sellers and real estate brokers to make informed decisions. However, when that trust is broken due to inaccurate or misleading information, it can lead to misrepresentation claims. These claims can result in legal disputes, financial losses, and a damaged reputation for brokers. For this reason, it’s essential...
Title disputes can arise at any stage of a real estate transaction and often catch both brokers and clients off guard. The Seller’s attorney will need to clear out the disputes before the closing. But if disputes arise later, after the closing, the issue is between the Buyer (now owner) and the title insurer. Before...
One often overlooked aspect of real estate transactions is the presence of chattel mortgages, particularly in scenarios where homeowners have taken advantage of financing options for home improvements such as HVAC systems or window replacements. These financial arrangements can have significant implications during the sale of a property, and it is crucial for real estate...
Home appreciation and inflation significantly influence property values and buying power, but they are not the same. Home appreciation and inflation, while both affecting the economy, operate on different principles and have unique impacts on the housing market. This blog post will delve into the differences and interactions between these two concepts. Home Appreciation Home...
Recently, I gave a talk to the Women’s Council of Realtors, and I started by giving each attendee a handout called “105 Things That Brokers Do.” Obviously, they are seasoned professionals, and my intent was not to tell them how to do their jobs. Rather, the point I made was that the lines between their...
In the rare event that a buyer backs out at the closing stage of a real estate transaction, significant issues arise, particularly concerning the earnest money deposit. The fate of this deposit typically becomes a central matter of negotiation between attorneys representing both parties. Negotiating a Split When a buyer backs out, attorneys often negotiate...
As a residential real estate broker, you’re well-acquainted with the complexities of financing options available to homeowners. One area that deserves attention is the strategic use of reverse mortgages, specifically the Home Equity Conversion Mortgage for Purchase (H4P). This innovative approach can be particularly beneficial for clients looking to downsize or relocate without compromising their...
Brokers are on edge following the National Association of Realtors’ settlement which can dramatically impact the way people buy and sell homes and the commission structure for buyer brokers. Real estate brokers work on a commission basis, meaning they only earn their fee upon the successful closing of a transaction. This contingency-based pay structure underscores...
For clients exploring the real estate market, meeting with a real estate attorney is a crucial step in safeguarding their interests and guaranteeing that their transactions adhere to legal standards. This information not only equips your clients with confidence but also streamlines the transaction process. In today’s blog post, we provide an overview of what...
In real estate transactions, quit claim deeds stand out as a unique and sometimes misunderstood legal instrument. They facilitate the transfer of a property’s ownership without any guarantees regarding the title’s clarity or the presence of liens, embodying the simplest form of property transfer. Given their specific applications, including family transfers, divorce settlements, title clarifications,...
Attorney Advertising: Information on this website is not legal advice. In no way does visiting this site or contacting Erica Minchella & Associates create an attorney-client relationship unless consented to by both you and Erica Minchella & Associates.
© 2023 Erica Minchella & Associates. All Rights Reserved.
