You're thinking of buying a new property and wondering exactly how you need to draw up the contract. A business partner mentions the need for contingency clauses. What are these and why would you want to use them?
For those who have never owned a home before, the idea often sounds daunting and intimidating. Is it really a wise idea to buy something that is worth so much more than anything else you own? What does the fine print say? Are you overlooking anything important?
One of the oldest rules for business owners is very simple: Location, location, location. Where you put your business makes a massive difference in how well it does and how successful you are. That's why buying or renting the right real estate should be at the top of your list.
You're looking to buy a home, and you are considering short sales. Whenever you tell anyone, they mention the potential downsides: You may need to do work on the house, the process can take a long time and you may not save as much as you hope.
If you have ever tried to buy a piece of real estate, you probably learned right away that there are specific zoning regulations that govern land use. You can only use the property for things that are approved within that zone. A few examples of potential zones include:
It's time to buy your first house. You have spent a few years renting while you got a new job and learned what you wanted to look for in a house, and you're ready to take that next step.
One of the biggest mistakes that homebuyers make involves hunting for a home they can't afford. While it's true that a bigger, more expensive, more beautiful and better-located home could be more enjoyable for your family, it's vital to reign in your enthusiasm to prevent going outside of your budget and falling into financial problems later down the road.
One of the most stressful aspects of struggling financially is the prospect of losing your home. This can be especially true if you are a family with dependent children, since losing the family home may mean losing the connection to all the memories made within it.
Michael Faith, the Managing Partner at the law firm of Faith, Ledyard & Faith PLC, is building a secure future in the West Valley, the same area that his family has a strong history in its growth and development. Born in the West Valley, he is a third-generation Arizonian who is happy to keep his roots growing in his hometown.
The housing market can shift rapidly in line with supply and demand. In recent years, buyers have gained more control of the market in the state of Arizona, and sellers need to do all they can to make their house appealing.