Buying a Home: Why You Need a Real Estate Attorney
When I bought my first home, I basically signed whatever was placed in front of me. The idea of becoming a homeowner overshadowed any concerns that I might have. Besides, the agent seemed to know just what needed to be done. It was only later that I learned there was some confusion about the location of the property lines. Two years and several thousand dollars later, I finally got things straightened out.
When I bought my second home, you can bet that I had a real estate attorney by my side. Everything was checked and double-checked before I signed anything
If you are thinking about buying a home, take nothing for granted. Let me tell you more about my experience and why you need your own legal counsel. In the long run, you'll save a lot of time and trouble.
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Many people assume their only options when it comes to real estate are to either rent or buy property. However, there is a third choice called a leasehold estate that combines aspects of both renting and homeownership to provide a unique way to obtain property. Here's more information about this real estate arrangement.
A Unique Rental Opportunity
A leasehold is, essentially, a long-term rental contract. Instead of the periodic tenancy most people are familiar with that usually lasts a year, the renter leases the property for several decades, with 99 years being fairly common.
When the purchase is well planned, the act of buying a first home is a solid financial investment capable of adding wealth and stability to the life of any size household. Unlike some other types of investments that have volatile up and down trends, real estate has proven to be more likely to experience gentler cycles and gradually increase in value over several years of ownership. But because the purchase of real estate is nearly always a major expenditure, making a mistake can be very costly, especially for first-time home buyers who are working with limited funds and resources.
When you're house hunting, it's always a challenge to find the home that will be the right fit. Sometimes, you find the perfect home, only to discover there's a pool in the backyard. It's something you weren't counting on. So, you've found the perfect house, but is the pool a deal breaker?
Here's what you need to know about buying a home with a pool and how you can decide whether or not the pool is an upside or a downside to the purchase.
The top three things people often look for in a new apartment are the location, price, and size of the apartment. These three factors are really important, but there are other factors that can affect the amount of money you will spend on your new apartment. Here are four important things to think about as you look for an apartment.
While some apartments are set up to have a washer and dryer in the units, others are not.
After a home has been flooded, numerous repairs and inspections are necessary to make it safe for occupancy once again. This can be accomplished through several means, including the replacement of drywall and flooring, and the removal of water and mold. However, one particular area that you may not have considered when it comes to water damage inspection and repair is your chimney and fireplace. These structures can also suffer serious damage in a flood that might not be discovered until a fire or other problem occurs as a result.