EVERYTHING YOU NEED TO KNOW ABOUT REAL ESTATE CONTRACTS
EVERYTHING YOU NEED TO KNOW ABOUT REAL ESTATE CONTRACTS A real estate contract is a contract between parties for the purchase and sale, exchange, or other conveyance of real …
MULTIPLE STRUCTURES ON ONE PARCEL A PROBLEM FOR SELLERS
MULTIPLE STRUCTURES ON ONE PARCEL A PROBLEM FOR SELLERS “We have a beautiful home with 5 acres, and there is a second smaller structure on the property. We have been …
WHEN IS A TAX GAIN RECOGNIZED WITH A CONTRACT FOR DEED?
Tax Laws for the Seller of a Contract for Deed Can I Deduct Interest on a Rent-to-Own? In cases where qualified buyers are scarce, selling a home through a contract …
WHEN IS AN OFFER CONSIDERED ACCEPTED?
Acceptance of an Offer The second stage of contract formation is the acceptance of an offer by the offeree. An offeror is the person who makes an offer and the …
SPECIFIC PERFORMANCE
Specific performance is an equitable remedy in the law of contract, whereby a court issues an order requiring a party to perform a specific action, such as to complete the …
RENT VS. BUY? ADVANTAGES AND DISADVANTAGES
Renting vs Buying: What to Choose Any grown-up person one day may get haunted by the idea of getting a house instead of renting one. Yes, I know, we?ve all …
5 PROBLEMS WITH SWIMMING POOLS
5 Common Swimming Pool Problems Who doesn?t like to swim in a pool? Whether we can swim or not, it?s fun being inside the pool especially with friends or family. …
WHAT MUST BE IN A PURCHASE CONTRACT TO BE VALID?
Requirements for a Real Estate Purchase Contract A real estate purchase contract?also known as a contract to purchase real estate or a residential purchase agreement?is a binding, bilateral agreement between …
JUDICIAL FORECLOSURE VS. QUITE TITLE ACTION
Judicial foreclosure refers to foreclosure cases that go through the court system. Foreclosure occurs when a home is sold to pay off an unpaid debt. Many states require foreclosures to …
DEATH AND REAL ESTATE
Understanding Ownership of Property When an estate planning attorney meets with a new client, one of the first questions the attorney asks is “What do you own and how is …