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Residential Real Estate Tag

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I’m On The Same Page As My Agent

We’ve been discussing it for well over a year. My wife has wanted to sell the house. It’s time to downsize, she argued. Let’s get out of the suburbs and get more urban, she said. But, in this case, I was the more emotional one....

To Close Or Not To Close – Now What?

When 2 parties sign a real estate contract, they generally do so with the expectation that the seller wants to sell and the buyer wants to buy. Basically, at the time that the contract is signed, both parties want to close. However, sometimes, things happen...

Is a Short Sale the Right Sale For You?

There was a time, not so long ago, when a high percentage of the residential closings that we were doing were short sales. Short sales really ramped up following the bursting of the housing bubble and then peaked during the foreclosure crisis.  We all know...

Survey Updates Can Save Money

In a prior post, I wrote about the need for surveys in real estate transactions (see post HERE). I can't emphasize this need enough.  I started that post, however, with the premise that clients look for ways to save money, sometimes, and I emphasize sometimes,...

New Law Would Cap Condo Estoppel Fees

There are many pre-closing costs incurred in residential real estate closings. These costs are generally fronted by the title company or the buyer's attorney.  If all goes well and closing occurs, the costs are reimbursed.  However, too often, something goes wrong and the closing doesn't...

What To Look For In A Title Commitment

There comes a point in every purchase transaction, residential or commercial, when a buyer receives a title commitment or ta title report, setting forth the status of title to the property being purchased. This is the moment when we know whether there are unforeseen problems...

Choose Your Teammates Carefully

I love having a good commercial broker on my team. A good broker is much more knowledgeable about the economics of a potential deal than I will ever be and understands the market better than me. A broker who knows his or her stuff will...