Most first-time real estate clients have difficulty understanding the basic terms used during their transactions. To help them understand the process, there are five legal terms they should know. Familiarizing clients with these concepts not only empowers them but also facilitates smoother communication and decision-making throughout the buying or selling journey. 1. Title The...
In the bustling world of real estate, the debate between choosing For Sale By Owner (FSBO) and hiring a professional broker is a recurring theme. While the FSBO route may initially seem appealing due to perceived savings on commission, it’s crucial to understand the complexities and potential pitfalls of going solo in property transactions. Let’s...
Real estate encroachments can not only be costly but also delay real estate transactions, cause challenges to repairs to property, and create issues with adjoining neighbors. Therefore, it is best to research situations where neighboring properties are going “over the line” and take steps to clarify boundaries prior to purchases. Below, we take a...
An easement provides the right for a person or business entity to use property they don’t own for a specific purpose. Understanding easements is crucial for your clients to navigate property rights and usage effectively. It’s essential for them to recognize how easements can impact property value, access, and future development plans. Here we share...
Foreclosure—this term has been associated with significant market fluctuations and has been an area of concern for residential real estate brokers, especially post-2008. The economic repercussions of the Covid-19 pandemic had many anticipating a significant surge in foreclosures, similar to the ones experienced during the 2009 and 2010 financial crises. However, the current real...
Selling property depends on a wide array of variables and potential legal requirements. In the case of a divorcing couple, real estate sales sometimes include a Marital Settlement Agreement (MSA). This means real estate attorneys, brokers, divorce attorneys, and clients are in it together. Let’s unpack the intricacies. What is an MSA? During...
Navigating the intricate waters of property sales, and understanding the ins and outs of insurability is crucial. Both insurability and the cost of insurance premiums play a pivotal role in a property’s desirability and ultimately its market value. This article delves deep into what every broker should be familiar with regarding residential real estate insurability....
Selling a house is exciting. Some sellers love getting hands-on. It’s one thing to DIY the living room paint job and another to attempt a sale by owner (FSBO). Like any property deal, there are FSBO pros and cons to consider. So, is it worth it to take on an FSBO sale on your property?...
The real estate market presents many challenges, and among them is the decision to buy and sell a home on the same day. This scenario raises numerous questions for homeowners. Is it practical or even advisable to handle two significant transactions within such a short timeframe? Let’s delve into the intricacies of this decision to...
Navigating the labyrinthine world of real estate litigation can be daunting, especially when large sums of money, vital business interests, or a dream home hangs in the balance. The intricate dance between property law, court proceedings, and negotiation strategies requires an astute understanding that only seasoned legal professionals can truly master. In this blog post,...
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