When you are buying a home, nothing is as exciting as closing on the deal and getting the keys to the property. That typically happens on closing day, although there could be some things that delay the process. Depending on the type of loan you have, closing on a house…
Closing on a real estate deal can be an exciting experience. However, real estate is a complex area, since there is a lot of money involved and a lot at stake. When the home or property is about ready to close, you will need to have a closing attorney present….
If you are buying or selling a home, there are some terms you need to be familiar with. One of them is ‘escrow.’ You may know that your money will be put in an escrow account, but what does it do and why do you need it? Escrow is a…
Buying or selling a home is a huge decision. There are hundreds of thousands of dollars at stake. If you are the buyer, you may be having buyer’s remorse and don’t feel 100% comfortable spending all that money. If you’re the seller, you may suddenly decide you want to keep…
Buying a property is expensive. Not only is there the mortgage, but also insurance, taxes, maintenance, and closing costs. While closing on a home can be exciting, it comes with some fees. Closing costs are part of all real estate transactions. They encompass various costs, such as attorney fees, property…
Buying property is a complex transaction that comes with a lot of processes. There are many details involved, which is why having a lawyer oversee the process can be an excellent idea. In fact, in many states, it is a requirement. More than 20 states require an attorney to be…
Buying or selling a home is not a quick process. There are many steps between when a buyer makes an offer and when they pick up the keys. The final step is called the real estate closing process, and it can take more than a month. In fact, the average…
Buying a home is an exciting event. While owning a home is often known as the American dream, it can easily turn into a disaster due to title issues. Title issues can happen for a variety of reasons. Some common ones include encroachments, property ownership disputes, errors in public records,…
If you have recently placed an offer on a house, you may be anxious to know what to expect. As of 2023, first-time homebuyers made up 32% of all homebuyers. A large percentage of first-time homebuyers are often told very little about the closing process. In this article, Blackacre Law…
Escrow is a financial term that confuses many people, but having a better understanding of the legal complexities involved can help make the process of buying or selling property more manageable. If you are moving forward toward purchasing or selling real estate, having the skilled legal guidance of an experienced…
If you have a real estate closing pending or you’re planning on purchasing a home, an experienced real estate attorney can help the matter proceed more smoothly – helping to ensure that the home of your dreams doesn’t slip through your fingers. There are also, however, a few steps you…
Where you are in the house-buying process determines whether you can back out of the deal without financial consequences. Once you get to the point of closing, however, you retain the right to pull out, but it’s likely to cost you. Real estate contracts are complex, and having an experienced…
Closing on a house in South Carolina involves many legal and regulatory requirements, including hiring a lawyer to oversee the closing process. From reviewing and negotiating the terms of the purchase agreement, to conducting title searches, preparing necessary documents, and ensuring compliance with state and local laws, there are numerous…
You and your spouse have been searching for months for the perfect home. It has been an arduous process, but you finally step into an adorable cape that meets all your needs. You put in your offer to the seller and immediately call your parents to tell them the good…
The decision to purchase a home is not one that should be taken lightly. Closing costs may sneak up on a first-time homebuyer, who may not realize that the downpayment is only part of what needs to be set aside to purchase a home. Both the seller and buyer will…
Real estate is likely the most expensive purchase you will ever make. After you found the house of your dreams or commercial property that meets your needs, you have to go through a lengthy closing process. Although the closing process may seem complicated,...
For most people, real estate is the most valuable asset they own. When you are creating your estate plan so you can pass your assets to the next generation, you will have to consider what to do with your real estate. Keep it in the family? Sell it? There are several...
People purchase vacant land for many reasons, such as building a house or starting a small farm. The prospect of taking an empty piece of property and making it their own can be very exciting for most. However, it is important to take a step back and consider all the...
The estate-planning process is complex and involves more than just a will. Make sure you have several specific documents ready in the unlikely event of your death. 1. Last will and testament Create a will if you do nothing else. Identify your personal representative...
Many people buy a second home for a place to stay on vacation, to offer to relatives as a getaway, or as a source of rental income. However, as with any real estate endeavor, there are some specific things to think about when it comes to investing in a second home....
Most people are familiar with the concept of a will. Living wills have also become common in recent years. However, if you are not sure what the difference between the two is, you are not alone. What is the difference between a will and a living will? What is a will?...
Title insurance is one of many costs associated with purchasing a home. When you close on the property, you must show proof of a clear title. Get the facts about title insurance in South Carolina to prepare for this expense as you shop for local real estate. Purpose...
Your will is the foundation of your estate plan. This document outlines what you want to happen to your assets after you die, but many people have yet to create one of these documents. According to a survey conducted by Caring.com, approximately 4 out of 10 adults in...
If your elderly father is writing a will, forming a trust or undertaking any other estate planning process, he is doing better than most. In fact, according to a recent study, almost 70% of Americans have not written even a simple will to address ownership of assets...
You may be enjoying family life as a young parent, or you may be looking forward to the onset of your retirement years. What happens if you become incapacitated due to an accident? What happens if dementia clouds your retirement picture? Two power of attorney...
