Co-ownership of real property can be a very reasonable choice. People who have rented property together as roommates might buy the property from their landlord together because neither could afford it on their own. Other times, family members might inherit property...
Real Estate Law
When to walk away from a real estate deal
There are few purchases as significant as a new piece of real estate. Whether you’re using it as a home or investment, real estate doesn’t come cheap. It's important to carry out due diligence before committing to an agreement. Additionally, you should know when you...
2 types of encumbrances on real estate you should know about
As a real estate investor, it's crucial to have a thorough understanding of various legal concepts and terms associated with property ownership. One important issue of note is encumbrances. Encumbrances are legal claims or restrictions on real estate that can affect...
2 things to know when buying a foreclosed home in Minnesota
If you’ve been in the real estate investment game for a while, you probably know that foreclosed properties tend to come with attractive deals. After all, foreclosure sales are distress sales. But foreclosure homes also come with a number of drawbacks; and one of...
What is the purpose of a home inspection?
You could go out today and purchase a home, but, in all likelihood, it wouldn’t be your dream home. That’s why many people spend months and years picking the perfect home. While all that effort may come to fruition and you found your dream home, there could be a major...
2 mistakes to avoid when closing a home
You have worked hard, shopped around and found the perfect home for you and your family. And the best part is, it is within your budget range. Buying a home is a big deal. Unlike any other purchase, you are investing in a sanctuary for you and the people you love...
Adding contingencies to your offer protects your earnest money
Buying real estate is not a risk-free process. If you want to be competitive with other potential buyers, you need to make a competitive offer and prove to the seller that you mean business. Standing out can be hard to do. Offering a significant amount of earnest...
How do you resolve a boundary dispute with a neighbor?
Maybe your neighbor wants to pave their driveway, and you believe that the markers they put down are on your side of the property. Perhaps your old neighbor just sold their property, and the new owners think that the boundary is in a different location than what you...
How do you handle hidden defects after buying a house?
Inspecting a property when buying a house can be both exciting and overwhelming. You might get so focused on cosmetic details, like a high-end kitchen counter, that you overlook minor warning signs of significant defects. Typically, you can count on your real estate...
Protect your commercial space and get the right tenants
You have a property that you'd like to lease out. It's a commercial property, and it has many rooms and areas that would be great for offices, small businesses and other kinds of arrangements. You seek a tenant or tenants who are good for business. You want to make...