The National Association of Realtors’ latest statistics show that Millennials (people born between 1981 and 1996) have bought more homes in the last few years than Baby Boomers and Gen-Xers. A whole lot of them are grabbing onto the American dream of homeownership. They now make up the largest group of home-buyers. According to a … Continued
Though many people warn against it, buying a house with a family member isn’t always a bad idea (especially if it’s your spouse!) Buying a house with a family member can be mutually beneficial if the arrangement is done right. In fact, it can be a great way for people who can’t afford to buy … Continued
In many ways and in lots of situations, kids are far more resilient and adaptable than adults are – except when it comes to moving. It may be exciting for you, but probably not so much for your kids. They will be leaving a familiar school environment, their friends, the familiar places where they hang … Continued
Homeowners insurance is one of those things you have that you hope you never have to use, but it’s nice to know that if the worst happens, it’s there. It can also be pretty confusing. Your insurance policy may be a document stack 6 inches tall, and wading through it can be an unwelcome chore. … Continued
It happens sometimes that people think they own their home when they actually don’t (or don’t clearly own it). The problem in such a case is that usually what is known as cloudy title – a situation in which a title search reveals that the actual property owner is unclear. Cloudy title can be a … Continued
Your traditional homeowner’s insurance doesn’t cover every possibility. Floods, earthquakes, and excessive damage aren’t always part of your policy, but they can present very real dangers. To cover these potential problems, you may be considering umbrella insurance for homeowners in addition to your regular policy. At its most basic, umbrella insurance is extra liability insurance … Continued
Few things in life are as stressful as moving – not only for the people who have to endure the rigors and anxiety and uprooting of the move, but for their pets as well. If you’re a pet owner, you know that most dogs and cats don’t tolerate change well. Their lives are routine, and … Continued
Generation Z is filled with adults born roughly between 1996 and 2010, which means that the oldest members of this generation are entering home buying markets across the country. If you’re one of them, you also know that you face certain challenges and have some specific requirements that previous generations largely didn’t (hello, soul-crushing student … Continued
If you’re a real estate investor, especially a beginning investor, a partnership is probably a good idea. The right partner can provide all the things you lack, whether capital or experience or contacts. You can pool capital and resources and share costs and responsibilities, as well as sharing the risk. But you do need to … Continued
The Real Estate Law Podcast Episode 10 GUEST INFO: Attorney / Broker Rory Gill UrbanVillage Legal – rorygill@urbanvillagelegal.com NextHome Titletown – rory@nexthometitletown.com RELATED EPISODES: Episode 1 – Why the World Needs a Podcast About Real Estate Law Episode 9 – How to Set a Listing Price for Your Home Episode 11 – Condo Conversions Explained, … Continued
The stresses of juggling everything going on while buying a home can add up quickly. All the steps, including looking at listings, building your budget, and then getting pre-approved for a mortgage, are enough to get most people worked up and frustrated (because looking for a new home should involve touring lots of fabulous open … Continued
Moving into a new home involves several emotional stages starting with the joyous fantasies of a new place and a fresh start. It’s the perfect excuse to start afresh and make your dreams become reality. The joy of moving usually becomes a stressful, frustrating mess when the reality of getting things organized, packed and cleaned … Continued
Insurance can be a confusing maze, with terms and conditions a mile long. Understanding the difference between a deductible and a premium is important, but not always the simplest task for people who don’t think about insurance 24/7. By understanding homeowners insurance terminology, you can not only choose the right coverage for your needs, but … Continued
Moving to a new home should be a happy and exciting time in your life! There’s something very special about your first home, even if it’s not the one you live in forever. You’re growing up and adulting more than ever before! It’s exciting to show off your progress as you fill the place with … Continued
Buying a home is generally thought to bring a certain amount of financial security. You can live in it for the rest of your life while building valuable equity or sell it for a profit after a few years when it has appreciated. But what if, after making the down payment, paying closing costs, making … Continued
Cloudy title is one of those terms that you don’t hear much about until it happens to you. The term refers to a dispute over the ownership of property. This can happen when records are lost or people are just unresponsive about their claims to the land. The situation of having a cloudy title is … Continued
When buying or selling a home, you may hear the term closing costs thrown around the real estate agent and bank. You might be curious to know what these costs are and why they are so important, and it can be difficult to get closing costs explained in a way you understand easily. From knowing … Continued
With the current volatile state of the stock market and crypto, real estate investing can certainly look even more attractive than usual! It’s also a better way to grow capital than simply investing and waiting for passive returns to come in. We’ve written several articles and blogs that discuss a variety of real estate investing … Continued
Buying your first investment property could be a smart move if done right. It allows you to reap the rewards of your capital growth and home value appreciation, as well as tax breaks and equity gains. But before you start hunting for your ideal rental investment properties, it is important to know what you are … Continued
You’ve no doubt heard the old saying that only three things matter when it comes to real estate: location, location, and location. That is, of course, a cutesy and oversimplified piece of advice, but it’s still worth heeding, especially with respect to determining the safety of a neighborhood before buying a home. What makes a … Continued
Buying your first home is seldom easy! It can – and usually does – test your patience, your endurance, and your resilience – and there are many ways the whole process can slide sideways, resulting in a missed opportunity or (even worse) a purchase you come to regret. When you decide to buy your first … Continued
Having a real estate partner is not only a good idea – it’s what most pros recommend, especially if you’re just getting started in the real estate business. A partner can provide more operating capital, more borrowing power, experience, new contacts, and so much more. You do, however, need a partner who can bring to … Continued
For most people, a big part of the American dream is still homeownership. But many people are kept from realizing that dream because of the necessary down payment. It’s a big chunk of money, and saving for a down payment is harder than ever. In the past, there were plenty of ways to finance a … Continued
In this episode of The Real Estate Law Podcast, we’re talking about home inspections! We are dissecting the home inspection process – how do you use the information that you learn and when should you panic? Is a Home Inspection a required part of the process? Negotiating for repairs and credits. When a Home Inspection … Continued
