Given that real estate transactions often involve a lot of money, disputes are commonplace. In some instances, these problems can make the deal fall through, but with determination, the parties may amicably resolve these problems and conclude the transaction despite...
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3 ways to handle investment properties in your estate plan
In terms of your personal property, few assets are as valuable as real estate. Transferring real estate will usually trigger probate oversight for a Pennsylvania estate, regardless of how much the property is worth. Many adults only have to worry about addressing...
Why do some buyers prefer HOAs?
If you’re looking to invest in property or create a community development, you may consider a Homeowner’s Association. Commonly called an HOA, this is an organization that sets and enforces rules for the community that other homeowners would never have to follow. They...
Why are there 2 title insurance fees on your closing documents?
Trying to make sense of the settlement statement for your real estate closing is not easy. There are numerous charges, many of which look similar. Generally, the buyer for the real estate transaction will have to cover the costs associated with the closing. When they...
Real estate investments and litigation
When it comes to investments, real estate is often seen as a safe bet. As opposed to stocks and other types of investments, many people view real estate as a smart investment that is sure to pay off over time. However, our law firm knows that there are many reasons...
What things are sellers expected to leave in the home for the new owners?
You found the home of your dreams (or at least a great one that was in your price range). The owners clearly put a lot of thought – and money -- into the décor, which was a big selling point because decorating isn’t really your thing. Then after your offer is...
Many investors miss opportunities to reduce their closing costs
Real estate investors earn their income by buying, selling or developing property. Many investors approach the closing process with speed in mind. They accept the terms of the deal without resistance to close quickly and move on to the next investment. Unfortunately,...
Is that house listed as a short sale really a good deal?
Property rates are skyrocketing all over the nation -- and there are more people hunting for homes than there are homes up for sale. So, how can you find a property at a reasonable price? One option that you might be considering is the purchase of a “short sale.”...
Red flags for investors that can hold up a closing
If you are investing in real estate properties, it is essential that your closings go off without a hitch. Otherwise, your funds could wind up tied up for weeks or even months. That could mean that you miss out on other lucrative real estate purchases. While many...
Here is why you need an attorney when closing on real estate in Pennsylvania
Closing is the final step in a real estate transaction. This is the stage where the buyer obtains the property’s title from the seller. It is also the stage where the seller obtains payment for the property. Being a critical step, you need to have an attorney...