Category Archives: Real Estate

What to Know About Contract Contingencies

A realtor and buyer talking about the real estate contract and contingencies to include.

There are many steps to purchasing a new home. After the initial offer is made, buyers and sellers often negotiate before they come to an agreement. Buyers then deposit earnest money to show they are serious about the purchase, and both parties begin the closing process.

However, a lot of things can go wrong between signing the contract and closing on a house. To protect buyers, several types of contract contingencies may be included in the contract. These allow the buyer to legally back out of the sale if necessary.

Many home contract contingencies are accepted by sellers, but some may weaken offers on a home. Here are four common types of home contract contingencies and how to tell which ones may be right for you.

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Is Buying an Apartment a Good Investment for You?

An apartment with a gray couch and white coffee table.

Are you thinking about investing in real estate? An apartment can often be a good investment opportunity. However, if you want to decide whether investing is right for you, you should look at your situation. At the end of the day, it all depends on your circumstances and timing. Consider the following questions to help make your decision. 

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What to Remember When Renting Out Your Home

A house made of $100 bills on top of a rental contract.

Property rental can be a very lucrative business. Sometimes, it’s better to rent out your home instead of selling it. If you’ve acquired a new property and you’re planning to rent out your current home, there are many things to consider.

Although renting out your home can bring good profit, it can also be complicated. If you don’t handle it well, you’ll have plenty of headaches to deal with. To avoid stressful issues when renting out your home, read on for a few tips!

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Use Tech to Optimize Your Commercial Real Estate Properties for a Safe, Hygienic Return to Work

a commercial space that should use technology to optimize safety and hygiene.

The COVID-19 pandemic has turned the focus of workplaces towards ensuring the safety and wellbeing of employees, reducing the risk of the virus spreading. There are now COVID-19 guidelines that you must implement to protect health in the workplace. 

Upcoming technologies are the best way to enforce systems that keep employees and the workplace safe. If you are running a commercial real estate property, you must ensure that the space is safe and hygienic for occupants and employees.

This article will cover how technologies can help increase hygiene and safety in your commercial real estate properties by providing touchless access, managing occupancy levels for social distancing, and much more.

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Can I Buy a Home After Filing for Bankruptcy?

a man with a gavel symbolizing a final decision on bankruptcy.

Going bankrupt is one of the most distressing things that can happen to a person. Some of the common causes of bankruptcy include burdening medical expenses, job losses, excessive spending on credit, divorce or separation, and heavy expenses due to unforeseen events.

All of these can be quite taxing on your mental and physical health, as well as your financial outlook. On top of that, you may also be worried that you won’t be able to buy a home for yourself and your family anymore, which is an added burden. This article covers everything you need to know about buying a home after filing for bankruptcy.

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How Much Can You Expect to Pay in Closing Costs

a wooden house and a calculator symbolizing closing costs

The process of buying a home requires many steps. One of the final ones is paying the closing costs on your new house. Here is everything you need to know about these expenses.

What Are Closing Costs?

Closing costs are the fees you owe at the end of a real estate transaction. Your lender will provide you with an estimate after receiving your mortgage application. In the U.S, the average closing cost is $6,087 with taxes. Yet, the price will vary based on several factors, such as your home’s purchase price and the type of loan.

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Pros & Cons of Selling Your Home During the Holiday Season

a white wooden home decorated for the holidays with a for sale sign.

While your neighbors are slowly starting to decorate their homes for the upcoming holidays, you are decorating your home for sale. While they are waiting for their guests to arrive, you are waiting for the potential buyers to arrive. Now you might be wondering – is this time of the year a good time to sell? Like all other things, selling your home during the holiday season comes with its pros and cons. If you plan to put your property on the market in the upcoming months, keep reading for some valuable insight.

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Buying Out of State, Virtually, Without Overpaying

By: Agnes A. Gaddis on Oct 26

Man searching for a home to buy out of state, virtually.

Can you believe that it is possible to live in California today, make an offer on your dream home in Springfield, Missouri tomorrow, and close within a month? The prevalence of remote work and state-of-the-art real estate technology has made it easier than ever to search for homes without concern for geographical limits.

Millions of Americans now work remotely, far from corporate HQ, and sometimes from the flurry and fuss of city life. In fact, during the 2020 Covid-19 pandemic, one in five Americans moved or know someone who moved, especially from big cities. One of the primary reasons for this exodus was affordable housing. People relocated to suburbs and vacation hotspots in search of larger, less expensive homes as more companies became remote-work-friendly.

Buying a home in one state while living in another, whether it be for more affordable living, work reasons, or as a second home, might not be as straightforward as buying in your current state. It can be challenging to purchase in a place you are not familiar with- housing laws, walkability of the community, home maintenance concerns, etc. can be vastly different from one state to another. This article is a step-by-step guide to follow if you are considering buying out of state.

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Selling an Inherited Home

A for sale sign in front of an inherited house.

Selling an inherited house is challenging on many levels. The first is the emotional impact of dealing with the death of a loved one. Then there’s paperwork, legal responsibilities, and financial considerations to take into account. That’s why we compiled this guide to help you with the process of selling an inherited house.

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