Owning a vacation property can enhance your life and give you the chance to retire to a location you enjoy. But it’s not something to be done without plenty of preparation and a full understanding of the benefits and disadvantages of dual property ownership. If you’re a senior, you must be especially diligent in selecting your second home.
When dealing with real estate transactions, finding a reliable lawyer presents valuable advantages especially in protecting your personal and business interests.
The practice of real estate law encompasses a variety of fields. Real estate attorneys are able to deal with more complex issues such as zoning problems and ordinances, environmental issues, or contracts and lease agreements. However, they can also offer indispensable advice and assistance to more common commercial and residential transactions.
Whether you’re buying and selling a house, investing in real estate properties, or in the middle of a simple legal issue, having a lawyer by your side makes the process easier. However, before you embark on the search for the best real estate lawyer to handle your businesses, you might want to take note of a few questions that will help you land the right attorney for the job.
Year after year, home buyers continue to make the same mistake…
They wait until they find their dream home to start the process of qualifying for a home loan.
Getting pre-approved for a home loan should actually be the very first step in your house hunt! Continue reading
Last year, agent Beverly Carter was murdered after showing a house to what she thought was a prospective cash buyer. Since then, September as REALTOR® Safety Month has held special significance for agents. It’s also become a rallying point to keep safety top-of-mind. Whether you’re buying a home, selling a home or showing the home, ensuring a safe real estate transaction is important.
Here are some ways each party can stay safe in both a common but possibly dangerous situation: the open house.
For the seller: Your first showing of your home happens online. Hide pictures of your children and loved ones. Tuck away identifiable information from the eyes of criminals. Know exactly when your information is going up on the MLS and be prepared to turn down unexpected visits from stop-in “buyers.” All those precautions you took for online listings? Do them ten-fold for in-person showings. Ensure calendars that display your family’s whereabouts get hidden from view. Lock up valuables like computers or jewelry. Hide any alcohol or prescription medications that might be in cabinets around your home. (Addicts often target open houses for places to pick up substances.)
For the buyer: Luckily for the real estate market and the economy, foreclosures are down from their peaks of the last decade. Lessons learned from this tumultuous time in real estate, however, are still key to safety. Research the neighborhood’s safety stats before you visit. (You’ll want this information anyway before you buy, so it’s great to get a head start.) Keep an eye out for anything strange while walking around a home once you have arrived. Have your agent check for hazards in the home from loose floorboards to surprise squatters.
For the agent: If you can, view properties—hopefully with a colleague—before you show them to a client. This helps ensure there are no unwanted visitors in say, a foreclosed or abandoned home. But it also allows a chance for you to map a safety and exit plan in case of an emergency situation in the home. Alert others when you are viewing homes if you must go alone. Establishing a predetermined “safety phrase” with your office manager or broker is also helpful. You can even dip your toe into the high-tech market with wearable technology. These new devices can help save you in a high-pressure situation.
For everyone: Here’s the takeaway—Think about safety before it becomes an emergency. Creating a game plan ahead of time is a great way to keep everyone safe while on the way to finding their dream home.
For more ways to stay safe, check out REALTOR® Magazine’s Field Guide to Safety.