You buy a home, and it's a major investment. You take out a 30-year mortgage. Clearly, you expect the property to last. You want to start a family in the home. You may live there for the rest of your life.
An easement allows someone who does not own a piece of property the legal ability to use it. Perhaps the most common example is when an easement allows a neighbor to use a driveway to cross someone's land to get to their own home. They don't own that property, but they can drive on the road whenever they need to do so.
You're going to buy a new home. You find the one that you want, make an offer, and put down a deposit. Weeks or even months go by, as you draw nearer to closing, and then you decide to back out of the purchase. Can you get your deposit back or do you lose it?
If you're thinking about having a home built, a lot of the price comes down to the size of house you want. You may even be able to work out exactly what you'll need to pay per square foot, and you can then adjust the designs based on your budget.
When you're looking for a home to buy, one option you may come across is a duplex. This is basically a home that is divided in two. There are often identical living spaces on each side. The two spaces share an overall structure and frame, but each side has its own plumbing, entrance, kitchen, living area and everything else it would need to be a free-standing home.
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: