When buying a property it is considered important to ask questions that respond to the needs of each person, for example, which is the most suitable area? Do you have enough money? How can it be organized? What is the start of the purchase? And many other aspects that are important. It is not enough…
Having a place called home is one of the best things in life. And one of the things that should be known about the home is that they are not a specific place, since the space of the home can always change. And if you’ve made the decision to sell your home, you may be…
When a divorce occurs, the people involved can go through a lot of complications, especially when the separation can have negative financial effects. Marital property The concept of marital property refers to the property that you or your spouse acquired, individually or jointly, while you were married. That is, they are taken as joint property;…
What are real estate contracts? A real estate contract can have many nuances. It can be a lease, purchase or rental of a commercial or residential property, an office, a warehouse, etc. If one party breaches the contract, the other party can sue for damages. Damages refer to a sum of money used to compensate…
What do you need to know about buying and selling real estate? While there is nothing in the law that requires you to use an agent to buy or sell a home, your state may have laws that require a real estate agent to participate in the paperwork when you close the deal. A real…
What is a real estate broker? A real estate broker is a real estate broker who acts as an agent for both the buyer and the seller of the property. In most cases, the seller retains the broker and works with the buyer. The broker works for the seller to solicit potential buyers. The seller…
What to do if a property suffered water damage? Downpours and with them floods can cause serious damage to your property and can be very expensive to repair. Laws can offer protection against some kinds of events caused by water, depending on how the event occurred. What is considered a natural disaster? When a natural…
Real estate contingencies stipulated in a home purchase contract A contingency in a home purchase contract is a clause that defines a situation or action that must be carried out first for a real estate purchase agreement to be binding. This means that despite having an accepted offer on the property, there are still steps…
A mortgage is a lien on real property that you own, placed by a bank or financial institution, for money borrowed to pay for the property. When a mortgage is signed and approved, you will be obligated to repay the property loan, plus interest, and the financial institution will have the right to foreclose on…
It is a frequent problem for homeowners when they buy a residence and consider that their neighbor is changing the boundaries of their land, thus encroaching on their property. Faced with this situation, what actions should you take? Steps to follow The first thing to do is, strike up a conversation with your neighbor immediately…