Home buyers who buy during the dry season can be in for an unpleasant surprise when the roof leaks or the basement floods after the first rain. Who is responsible for damage caused by water intrusion and for making the necessary repairs to prevent it from happening again? It’s possible that you are responsible if …
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Some experienced investors buy foreclosure properties cheaply without even having seen the property. However, most buyers shouldn’t buy a property unless they have had it thoroughly inspected by qualified professionals. Inspections are a necessary part of the homebuying and selling process. Sellers should be leery of buyers who offer to purchase without an inspection contingency. …
Homeowners who anticipate that they will be selling their house within a few years want to net as much from the sale as possible. The usage of the verb “net” indicates that what matters is not how much they receive for the house but how much they have left after repaying the mortgage. Real estate …
Some sellers have been biding their time for three years and now wonder if they should continue to wait or bite the bullet and sell now. Karl Case, co-creator of the widely followed S&P/Case-Shiller Home Price Index, thinks there’s a 50-50 chance that we’re at the bottom of the market and that we’ll see improvements …
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