How Should I Take Ownership of the Property I am Buying? Real property can be incredibly valuable and the question of how parties can take ownership of their property is important. The form of ownership taken -- the vesting of title -- will determine who may sign various documents involving the property and future rights of the parties to the transaction. These rights involve such matters as: real...
Builders, in an effort to combat the dual problem of an increasing population and a declining availability of prime land, are increasingly turning to common interest developments (CIDs) as a means to maximize land use and offer homebuyers convenient, affordable housing. The two most common forms of common interest developments in many states are Condominiums and Planned Unit Developments, often referred...
Estate planners often recommend Living Trusts as a viable option when contemplating the manner in which to hold title to real property. When a property is held in a Living Trust, title companies have particular requirements to facilitate the transaction. While not comprehensive, answers to many commonly asked questions are below. If you have questions that are not answered below, your title company...
Smart home technology is growing quickly, and it can definitely add to market value. Appraisers make "adjustments" when they compare tech-enabled homes with similar homes that are tech-deficient. Also, smart homes not only receive higher prices but may be easier to sell. Milennials are paving the way in smart homes, but all populations are enjoying the benefits these devices offer. What Make a Home...
Buying a house is exciting, but it can feel like it takes forever to get from the offer to the closing table. On average, it takes 30 – 45 days to get to the closing table, and that’s in a perfect situation. Sometimes you may close faster or slower, but keep 30 – 45 days in mind when signing a sales contract. The Process to Close on a House The house closing process is complex. Not only must you...
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