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...
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,...
Guiding clients through the labyrinth of buying or selling a home involves a lot of spinning plates. A crucial aspect of this journey involves working with real estate attorneys, who ensure that all legalities are correctly handled. However, not all attorneys offer the same level of service or expertise. Recognizing red flags can help you...
Listing a property “as is” introduces a specific array of factors for buyers, sellers, and their representing real estate brokers. The phrase might appear simple, but it carries complex and significant meanings. Real estate attorneys are key in shedding light on these subtle details, equipping brokers with the knowledge to navigate their clients confidently and...
As we step into 2024, the real estate market presents unique challenges for buyers, notably influenced by the lessons learned from the past. With property values fluctuating due to current market conditions, such as low inventory, it’s essential for buyers to approach real estate transactions with a well-informed strategy. This blog post sheds light...
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