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Yes, home sellers are often required to disclose past defects. If these are material defects, they can have a significant impact on the value of the property. A potential buyer still deserves to know about issues that have occurred in the past, even if there is not a...
During a real estate transfer, it is important to know if there is an easement on the property. There are two main types of easements: an easement appurtenant and an easement in gross. An easement in gross is generally not tied to any specific parcel of land, but is...
Buying or selling real estate often involves signing several legal documents. One of the most important is the deed of trust. Many buyers see the document during closing but may not understand its purpose. Learning how a deed of trust works can help you better...
Every landlord should consider creating a lease for their property, regardless of whether they are leasing to family or strangers. The terms of a lease determine how long a tenant can live in a property, what they can do to the property and what happens when the terms...
Every clause in a commercial lease can impact the obligations of a landlord and their tenant(s). Lease terms dictate who is responsible for facility maintenance and taxes. Commercial leases can even influence how people conduct their businesses. From limitations on...
When selling residential real estate, sellers are generally required to disclose known material facts that could affect a buyer’s decision to purchase the property. However, whether a death that occurred in the home must be disclosed is a separate question. Under...
A real estate deal may fall apart for many reasons. Your financing may fail, an inspection may uncover serious repairs or the seller may decide not to complete the sale. When this happens, you will likely focus on one question first: Will you get your earnest money...
When a loved one passes away, a common concern among family members is what will happen to the deceased’s home or other real estate holdings. During probate, the estate’s personal representative may need to determine whether selling the property is necessary. In some...
House flipping is one way for real estate investors to turn their capital into income. By purchasing houses in mediocre condition, making improvements and relisting the home for sale again at a higher price, investors can potentially generate substantial profit. The...
Chefs often say that people eat with their eyes first. If they make the food attractive, they increase their chances of winning diners over. Those who sell or lease out property often do something similar, staging properties to tempt those looking to lease or buy. As...
