In a competitive housing market, where multiple offers are the norm, making your bid stand out is crucial. While a strong financial offer is essential, sometimes a well-crafted letter to the seller can be the secret weapon that tips the scales in your favor. This...
Real Estate Transactions
3 times a buyer may need to back out of a scheduled closing
The negotiation of a real estate purchase agreement can sometimes require weeks to complete. Once buyers and sellers have agreed on a price, a possession date and other key details, most parties may view the deal as essentially complete. While buyers do need to sign...
How a seller’s disclosure could cause issues with a real estate transaction
When someone is selling a piece of real estate property, they have to create a seller’s disclosure. This is intended to provide transparency so that the prospective buyer knows what they’re investing in. They deserve to know all of the facts about the property so they...
What is encumbrance in residential real estate?
One needs to be familiar with numerous terms and concepts to navigate the real estate market effectively. Among these terms, encumbrance is a crucial one to understand. In the context of residential real estate, an encumbrance refers to any legal claim or liability...
Who is liable if your new home has defects?
Purchasing a new home can be a very exciting time. Fortunately, it didn’t take you long to find a place and put in an offer – which was subsequently accepted. Now, you have moved in and are ready to put your own stamp on the place. Unfortunately, the excitement has...
Signs that a real estate deal may not be right for you
There are few things more exciting than purchasing a new home. Nonetheless, the excitement is also shared by a huge responsibility. Real estate is usually the most expensive asset that people will purchase. You may have viewed a house and are ready to submit an...
Has a realtor lied to you?
You’re searching for your new dream home which most likely means you are going to have to deal with some realtors. These are professionals who are tasked with selling homes that are available on the market. The majority of realtors are hard-working and honest...
Should you use contingencies in a home offer?
You're in the market for a home, and it's competitive. When you find one that you want, you know that you need to make your offer as attractive as possible. One thing that you're thinking about is using contingencies in that offer. What impact could this have, and...