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The average buyer of a home requires financing. They secure a mortgage to pay the vast majority of the purchase price. While a 20% down payment was once standard, many modern mortgages involve single-digit down payments. Buyers finance nearly the entirety of the...
Do you feel exhilarated by the prospect of leasing the first space for your new business? Enthusiasm can take you far, but remember, not all leases protect the interests of both parties. When you find the ideal space, its owner may hand you prepared lease documents...
One term homebuyers may be unfamiliar with is “abstract,” or more formally, “abstract of title.” What does this bit of real estate legalese mean? An abstract is a formal term for the thorough title search that must be done when someone decides to purchase a piece of...
Home sellers in Arizona do have to disclose certain things about their property. For example, there could be cracks in the foundation, leaks in the roof, evidence of past water damage, black mold in the house or something else of this nature. If there are any...
Buyers often include contingency clauses when making an offer as a means of protecting themselves. For instance, the buyer may use a home inspection contingency. If the home passes inspection, then their offer stands. But if it fails that inspection, they can walk...
As a new home buyer, you likely do not want a fixer-upper or a home that you would eventually have to abandon because of larger issues. One of the ways to avoid this issue is by inspecting a home for issues. Many people hire home inspectors. A home inspector is...
You will likely have to decide whether to buy or lease commercial property when setting up shop or expanding your business. It is a pivotal decision that may impact the future of your business. Both leasing and owning commercial property come with distinct advantages...
Many people who are not real estate professionals are under the impression that there is just one kind of real estate deed. They might even think that a deed and a title are the same thing. (A title refers to the concept of ownership, while a deed is the document that...
Real estate transactions have evolved over time, and one term that has been gaining traction is the “arm’s-length real estate transaction.” In property dealings, understanding this concept is crucial. An arm’s-length real estate transaction refers to a deal between...
If you are looking to buy either a residential or a commercial property, you may discover that it has an easement. This means that someone else is allowed to use at least a portion of that property. They do not have any ownership rights, but their use of the land...
