Disclosures are a crucial part of the real estate sale process. A seller has to inform prospective buyers in writing about issues with the property that might affect its value and therefore the upcoming real estate transaction. Buyers also have the right to demand...
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Experts believe home values are going to continue climbing
If you've been investing in residential real estate during 2021, you know just how volatile the market has been. It has climbed so fast that it has broken records and set high marks that many people never thought they would see. Homes have become worth far more than...
What happens when you spot new damage during your walk-through?
The process of closing on a piece of residential real estate can take weeks or sometimes even a couple of months. Once you have negotiated an offer, you have to wait for financing. There will be an appraisal and inspection, possibly even a survey if there is acreage...
Landlord-tenant disputes can be resolved amicably
Landlord disputes with tenants are almost unavoidable. Misunderstandings may arise from trivial things such as cleaning or garden maintenance to more serious matters surrounding rent or termination of the lease. Either way, it is important to resolve any issues...
Should you let a home buying company take yours off your hands?
We’ve all seen those ads on late-night TV, maybe when we’re watching old Seinfeld reruns, for companies that will buy your house for cash, regardless of the condition. You may not pay much attention to them until you need to sell your home quickly. Maybe you have an...
What to consider when refinancing your mortgage
Making the decision to refinance a mortgage is a major one and must be considered carefully. It isn’t as easy as seeing a lower interest rate. You must ensure that you’re reading the terms carefully so that you know you’re getting the best deal possible. It’s possible...
How do you fire a real estate agent?
The real estate agent you hired talked a good game. However, their performance has been sorely lacking. Maybe they don’t communicate very well, or maybe their ego is so big they just won’t listen to your needs and concerns. Maybe they’re simply unfamiliar with the...
Are we in another real estate bubble?
It was not that long ago that the US was in a real estate bubble. Housing prices soared, and it was easy for people to get mortgages, so they bought homes at inflated values. When the bubble popped, the value of those homes dropped below what was owed, and a lot of...
Common disputes between buyer and seller in a real estate sale
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...
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...