If you’re trying to buy a property, you might have come across the concept of right of way easements. Easements are a common component of real estate law. The right of way easement is one of the most common types of easements, but there are many more. We’ll tell you everything you need to know
Real Estate
You’ll probably receive a variety of housewarming gifts when you buy a home, but one of the best things you’ll get is the bundle of rights. This term is used to describe the various interests and legal rights that come with property ownership. Sure, you can technically throw a few rager parties or paint your
You’ve been shopping for vacant land and found a parcel you love – but there’s one problem. The property is landlocked. Landlocked property doesn’t have direct access to a public road and is only accessible by crossing another property. While landlocked real estate can be an exciting investment opportunity, it may involve legal risks because
Real estate transactions can be complicated with many moving parts and can give you plenty to think about. Until closing day, your life revolves around interest rates, inspections and paperwork. So. Much. Paperwork. We’re going to add one more thing to the list: real estate scams. Yes, scammers are everywhere. From small-time application-fee thieves to
Are you thinking about expanding your investment portfolio with a multifamily property? While they’re more expensive upfront, multifamily properties can be good investments that offer quite a few benefits over investing in single-family homes. You may not hear many owners describe being a landlord as the easiest job in the world, but it doesn’t have
You’re thinking of getting into the real estate game, and you’re looking at a home with an asking price of $140,000 and you’ll need about $10,000 to make repairs and cover other expenses for a total of $150,000. It’s in a good neighborhood, and it doesn’t need much work to get it ready to rent.
At first glance, the benefits of investing in real estate seem ideal – buy the right property, and you can enjoy regular cash flow, low volatility and a variety of tax incentives. Of course, like every investment, real estate comes with risk. Owning property involves upkeep, labor and a certain level of uncertainty in the
You know how the story begins: You’ve found your dream home. But, plot twist: It’s not even on the market yet! But you love the home, and you’re a highly motivated buyer, so you decide you want to be first in line to buy your dream home if the owner ever decides to sell. To
Maybe you’re a first-time homeowner looking to tailor your new space to reflect your tastes and personality. Or maybe you’ve lived in your home long enough that certain features need a little updating. In any case, the list of remodeling projects can add up quickly and become expensive and time-consuming. But, with the right strategy
What comes to mind when you try to imagine what a manufactured home looks like? If you’re seeing a trailer home in your mind – think again. Manufactured homes have come a long way in the past few decades. Modern manufactured homes are beautiful, sturdy and packed with creature comforts. They are ordinarily less expensive
Owning multiple rental properties can be a lucrative way to build wealth over the long term, but, unfortunately, financing rental properties isn’t always as simple as applying and getting approved for a mortgage. If you plan on building a real estate portfolio, it’s important to know what potential financing challenges and hurdles you might face.
You’re determined to break into real estate investment, and your first instinct is to field your options. But as you click through property listings, there’s only one question on your mind: “How am I supposed to know which properties are good investments?” The 1% rule is a quick and easy measurement that helps establish whether
Airbnb introduced a new option to the world of real estate investment. Since its debut in 2007, the vacation rental platform has upended the travel industry in many ways, becoming the lodging provider of choice for both business and leisure travelers. Airbnb investments can be profitable, allowing you to make money without requiring a lot
As Airbnb and similar hosting options continue to grow in popularity, you might be considering hosting an Airbnb rental property yourself. Investing in Airbnb properties can be a lucrative option that generates consistent rental income, but it comes with its own set of challenges. If you’re looking to get in on the Airbnb market or
Home improvement shows make flipping houses look so simple, don’t they? You buy a cheap home, slap some fresh paint on the walls, and then you turn around and sell it for a huge profit, right? While house flipping may occasionally work this way – let’s not make the exception the rule. The reality is
Let’s imagine two people standing apart from each other, at least arm’s length apart. It might be safe to imagine they don’t know each other very well. Now, let’s imagine a second couple. They are standing close to each other, maybe even arm in arm. It might be safe to assume they know each other
You’ve found it – the perfect home. From the molding to the skylights, it’s everything you’ve ever wanted. Just as you’re getting ready to put in an offer, the listing changes. Now it’s listed as “under contract.” Is this the end of your real estate romance, or is there a chance you and your dream
For most people, a home is the largest single purchase they’ll make in their lifetimes. It comes with upfront expenses like closing costs, down payments and potential repairs or upgrades. These additional expenses can easily add tens of thousands of dollars to the upfront costs of buying a new home. You may think that saving the
A multiple listing service (MLS) is a database real estate agents and brokers create, maintain and pay for. Because it’s a collaborative tool, it makes transactions easier for all parties involved in the sale of real estate. Real estate brokers can see each other’s listings, schedule showings and easily connect buyers and sellers. The MLS
When you’re buying a home, you’ll want to make sure there are no legal issues with the property. Lis pendens means there is a legal dispute over a property, which can make a property difficult to buy or sell. Whether you’re a homeowner, a potential buyer or someone disputing property ownership, understanding how lis pendens
Home flipping can be a profitable venture if you know how to do it, but many people are afraid to get their feet wet. If you want to learn how to start flipping houses, the good news is that it’s not as scary as you think. You don’t even need to have a ton of
Did you know that flood damage isn’t typically covered by homeowners insurance? That’s right. Your policy covers different types of damage, but if your home gets flooded, your home and your belongings aren’t covered by your homeowners insurance policy. Here comes flood insurance to save the day! If you’re wondering whether you need flood insurance
After a buyer puts in an offer or purchase contract and makes a good faith deposit (aka earnest money deposit), there are only a few boxes left to check before the sale goes through. But what happens when the home appraisal comes back low, essentially warning you that you’re about to overpay for the home
Does the current seller’s market make you feel like you need to take a stealth approach to negotiations? When there are lots of buyers interested in a home, you may find yourself on the frontline of a bidding war. Sometimes buyers try to offer more than the seller’s asking price to give them the best
As a first-time home seller, you may be a bit anxious or confused about why a buyer might be quiet after the home inspection. Did they back out and not say anything? Should you look for a new buyer? How long does the buyer have to respond? All of these are valid questions and we’re
If you’ve been looking around for the perfect house, you may feel anxious about how to buy the one you’ve set your heart on at a price that won’t bust your budget. We know negotiating a home price may seem intimidating, but knowing the right moves to make ahead of time can relieve a lot
You’re selling your home. You’ve accepted an offer, and it looks like it’s smooth sailing ahead. But what happens if the home’s appraised value is lower than the buyer’s offer? Is the sale sunk or can it be salvaged? If the appraisal is lower than the offer, the buyer’s loan may not get approved. And
When you become a homeowner, you hope that your home and its belongings are safe and protected for as long as you own the home. Unfortunately, no hope is guaranteed. Fire, theft, weather events, plumbing problems and the fickle finger of fate can strike your home at any time. That’s why you need homeowners insurance.
So, you’ve found a house, and your offer has been accepted. Congrats! Now you’re probably wondering how soon until you can move in. That’ll depend on when you’re scheduled to close on your new home. Closing is the date when everyone involved with the sale (including your lender) is satisfied and agrees that you and
There’s a lot that goes on during the home buying process, and one of those things is usually a home inspection. If foundation issues are uncovered, it can hamper your ability to get approved for a loan and might even hurt your home’s resale value. But you’ve got options. We’re here to help you figure