It is common for real estate deals to have special clauses known as contingencies as part of their terms. These contingencies are conditions that need to be met before the deal can go forward, and the transaction will be canceled if one or both sides cannot meet their requirements. Here are five important contingencies you may see in your real estate transaction:
Real Estate
Five Ways a Real Estate Closing Can Go Wrong
Most people tend to think that by the time you reach the closing on a real estate deal, everything that is left is a formality. However, there is always the risk that something may go awry at the last minute, which you may need a lawyer to help you sort out. Here are five ways a real estate closing might go wrong:
Seven Property Defects That Could Harm Your Real Estate Deal
When you are looking to buy real estate, whether residential or commercial, finding the right location is essential. However, even the most ideal property can potentially have property defects just below the surface that can seriously impact your ability to make use of your new purchase. This can not only cost you a lot of money, but in the most extreme circumstances, it can even pose a threat to your health and well-being. Here are seven property defects that can harm you real estate deal:
What is an HOA, and How Can it Affect You?
Millions of American homeowners are members of Homeowners Associations, also known as HOAs. However, many people do not join voluntarily, and some do not even realize they are members of an HOA until they run afoul of its restrictions. But what exactly is an HOA, and how can it potentially affect you?
How a Title Defect Could Impact Your Real Estate Transaction
Real estate transactions are always a big deal, and for many people, buying or selling a home will be the biggest financial decision they make in their entire lives. However, a surprising number of people do not realize the risks that title defects can pose, making even the best new home into a potential nightmare. But what exactly is a title defect, and how can it affect your real estate transaction?
