We’ve been discussing it for well over a year. My wife has wanted to sell the house. It’s time to downsize, she argued. Let’s get out of the suburbs and get more urban, she said. But, in this case, I was the more emotional one....
When 2 parties sign a real estate contract, they generally do so with the expectation that the seller wants to sell and the buyer wants to buy. Basically, at the time that the contract is signed, both parties want to close. However, sometimes, things happen...
There was a time, not so long ago, when a high percentage of the residential closings that we were doing were short sales. Short sales really ramped up following the bursting of the housing bubble and then peaked during the foreclosure crisis. We all know...
I have written previously about title commitments and policies and surveys and the importance of the review process. Perhaps I haven't discussed the importance of knowing who you are working with and what their abilities are. Taking that back to the fist step, as the...
In a prior post, I wrote about the need for surveys in real estate transactions (see post HERE). I can't emphasize this need enough. I started that post, however, with the premise that clients look for ways to save money, sometimes, and I emphasize sometimes,...
There are many pre-closing costs incurred in residential real estate closings. These costs are generally fronted by the title company or the buyer's attorney. If all goes well and closing occurs, the costs are reimbursed. However, too often, something goes wrong and the closing doesn't...
There comes a point in every purchase transaction, residential or commercial, when a buyer receives a title commitment or ta title report, setting forth the status of title to the property being purchased. This is the moment when we know whether there are unforeseen problems...
I love having a good commercial broker on my team. A good broker is much more knowledgeable about the economics of a potential deal than I will ever be and understands the market better than me. A broker who knows his or her stuff will...