When a property has just one owner, the sale of that real estate is typically straightforward. The buyer and seller need to agree on terms, which can sometimes complicate the process, but things usually proceed smoothly. That said, some properties are owned jointly....
Real Estate
Is a “deed in lieu” a viable option to foreclosure for you?
One of the greatest fears that people have if they’re overwhelmed by debt is that they’ll lose their home to foreclosure. It may help to know that mortgage lenders don’t want to foreclose on a home unless they have no choice. There are options for homeowners who can’t...
3 reasons to use a contingency clause when closing on a home
Finding the right home in an area you like that is within your budget can be challenging. Once you find one, you might want to rush ahead and secure the property before someone else takes it. Take care not to get into a deal you cannot back out of if the property...
3 mistakes to avoid during a real estate closing
Closing should be the last step in a real estate transaction. You sign the paperwork and get the keys to your new property. You officially become the owner of that property. However, especially for those who are going through this for the first time, mistakes could be...
Why is an inspection critical before a home purchase?
Purchasing a home is an investment in the buyer's future. While the excitement of buying a new property is undeniable, it's crucial to ensure that this new home doesn't come with unforeseen issues that could become burdensome. Buyers can make informed decisions by...
How to handle a contingency on a real estate transaction
Contingencies are a common aspect of real estate transactions and can arise due to a variety of reasons such as the sale of a buyer's current property, financing, inspection or appraisal issues. These contingencies serve as a safety net for both the buyer and the...
You can avoid many last-minute closing issues
Closing is one of the final and most important steps for both buyers and sellers in any real estate transaction. Even if everything seems to be on track, however, things can still go wrong that can hold up or even derail the closing and the transaction. If the buyers...
Did a seller hide mold in a building intended for dental care?
Maybe you just secured your dental license and wanted to acquire property to open your own practice. Perhaps you already have a successful dental practice with a large patient roster and would like to expand into a new facility so that you can partner with another...
What do sellers need to disclose in Missouri real estate deals?
The person selling a piece of real estate has a vested interest in getting the most compensation possible for the sale of their property. This may lead to some people misrepresenting a property on purpose. They know that buyers who understand the true condition of the...
3 terms you need to check before signing a commercial lease
There are numerous benefits to leasing commercial property instead of purchasing it outright for your business. Taking on a commercial real estate loan could overextend your company in its earliest stages and reduce your chances of growing it into something...
