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When buying or selling a property, emotions can run high, and sometimes, those closest people to a buyer might be interested in “getting in on” the deal. While a real estate transaction between family or friends can be tempting, prioritizing an arm's length...
The National Association of Realtors (NAR) recently agreed to a major shift in policy that changes its rules about how buyers’ agents are paid. The move was in response to numerous class action lawsuits that said that the trade group was essentially unfairly setting...
Signing a commercial lease is one of the most important commitments you can make as an entrepreneur. And when you sign one, you want to be sure that you get everything right the first time. Unfortunately, to err is human. Amidst the pressure to sign quickly and...
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...
