A purchase agreement contains terms, requirements and prices for the home you wish to purchase. There are many sections filled with information in such an agreement, but here are six basic elements you should expect to find in the contract. 1. Parties and price The...
What are the risks of delaying a home closing?
A closing date is an important milestone in the real estate process since it brings the sale of a property to its conclusion. This is why you want to avoid any issues that could push back the closing date. You might wait longer than necessary to take possession of...
What is a property condition disclosure statement?
The New York State Senate’s website notes that residential real estate sellers must give buyers a property condition disclosure statement. Before you sign a purchase agreement, you have a right to discuss the disclosure statement as part of the sale. When completing...
Should you hire a real estate attorney?
As you prepare to purchase a property in New York, you may wonder how necessary it is to hire a real estate attorney. Collaborating with a legal professional can help you avoid costly mistakes that many homebuyers unintentionally make. Knowing some of the benefits of...
What could delay your house closing?
You eagerly await to move into your dream home but know delays exist in the homebuying process. What could extend your timeline when you near the finish line? Forbes explains situations that may delay a house closing. Learn about and expect setbacks so you know how to...
Residential swimming pool installation issues to consider
Real estate buyers may favor properties with an in-ground swimming pool during the summertime. An increased demand for a particular feature and its limited supply generally drives up prices. Rushing to install a pool, however, may not provide the hoped-for results or...
How can I create curb appeal for my home?
Many homes sell mainly because they have good curb appeal. People are visual creatures, and they respond well to things that look nice. According to the National Association of Realtors, you can draw in more potential buyers, increase your chances of getting a buyer...
What happens if there’s a lien against your home?
There are numerous ways that businesses collect on debts owed to them. Some companies will try to garnish paychecks or a bank account, while others might require collateral before they provide services or financing. An alternate approach is for a company or a person...
What should you watch for in a commercial lease?
When you find the perfect location for your business, you’ll have to try to secure it. Some business owners don’t want to try to purchase a location. If you’re one of these individuals, you’ll have to lease a space. Before you sign a commercial lease, you need to...
The power of an inspection contingency
Offering to buy a home is more than just an offer of something that both sides think may happen in the future. It’s a legally binding contract. It cannot be broken without consequence -- such as the loss of money put down at the time. The seller needs to know that...
