Spring is traditionally the hottest time of the year for real estate. Inventory typically spikes as many sellers put their properties for sale. Buyers enter the market knowing that inventory is increasing. But that has changed some this year with the coronavirus in full effect. ...
One of the most overlooked components of a real estate transaction is what happens when the ink dries on the stack of documents everyone signed during the closing, but funds are not immediately available. Buyers typically think they get keys right away upon signing. But before they can...
Interest rates remain at historic lows. Demand is higher and supply is tight. The real estate market is hot. But deciding to purchase a home is still one of the biggest financial decisions we will make in our lifetime. We recently discussed how buyers can avoid...
Buying a home is often a difficult process in and of itself, but selling a home while trying to buy one at the same time? It can be done if you have a plan and know what you are doing. You should have a real estate...
There are many costs associated with the purchase, or re-finance, of a property. These are known as closing costs. Closing costs can include an application, loan origination, appraisal, home inspection, credit report, title insurance, attorney costs, appraisal, and/or survey. These costs must be paid before...
Home hunting is often very frustrating. This true horror story of home buyers suing their real estate agent for $2 million after discovering that their home was infested with snakes is a cautionary reminder that all home buyers should take the necessary precautions to ensure that they...
Completing a home purchase is an exciting moment for everyone who worked on the real estate transaction. The seller has sold a property and perhaps made a nice profit from the sale. The real estate agents that worked hard on the transaction for several months...
If you are selling real estate and your property is currently occupied by a tenant, you should look for a buyer that is happy with a tenant occupied property and that is willing to buy that property subject to the tenant’s rights. It’s important to note that...
Moreno v. First International Title, Inc., is a case that illustrates the importance of making sure you understand what you are signing during a real estate transaction. Because if you do not know what you are signing when buying property, it could end up costing...
A home buyer called me for advice regarding access to the home after “closing”. Apparently the closing had been scheduled for 6 pm on the Friday before a long holiday weekend. The buyer explained that he had been living in his RV for the past...