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.”...
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Real Estate Practice
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...
Why inspection issues could derail an investment property closing
Most people treat an inspection like a necessary but ignorable step in the home closing process. Especially if you are a real estate investor, you probably expected to spot any major issues and the property before the inspection. However, sometimes it takes a keen eye...
Can a seller reject an offer they already accepted?
Investing in real estate means looking for the best price and trying to find a good deal, which can help you maximize your earnings if you plan to sell the property. It can also help you lower the costs if you plan to hold the property and use it in some other...
Should you delay the closing over new damage to the property?
The price that you offered for your new home likely came from your understanding of the property's value after looking it over closely. You likely looked at the home and reviewed the seller's disclosure to decide what an appropriate price for the property was....
What should you require HOA residents to do before selling their homes?
No matter whether you're in the process of drafting your homeowners' association's (HOA) bylaws or you're looking to have a vote regarding updates, you might have thought about one matter that you can include in those covenants: You can make it a requirement to have a...
Cash is king for those buying investment real estate
Real estate investing is popular. Not only has it been the subject of many successful reality television shows, but it also helps thousands of Americans produce a reliable secondary stream of income. Some successful investors can even make their investment property...
Can a homeowner redeem a foreclosed property?
You want to invest in real estate by purchasing homes that have been foreclosed upon by the bank. This is often frustrating for buyers who are looking for somewhere to live, as it tends to take time and be more complicated, but you are not worried about it. You have...
Setting up a homeowners association protects property values
Homeowners associations (HOAs) sometimes get a bad rap for having too many rules or being overly picky about how they enforce them. But HOAs done right are actually a huge benefit to a community. If you are considering setting up a homeowners association for your...