How does the recording of a quit claim deed affect an inheritance? An Ohio family may own a West Virginia property received by an unrecorded quit claim deed. If the quit claim deed is valid, title of the inherited property may have transferred when the deed was delivered. If the quit claim deed is invalid, the probate court for the former owner of the property would decide who the new rightful owner of the property is.
A home buyer says he recently bought a home and the builder has not followed through on a home inspection or repair requests. The buyer is experiencing buyer's remorse because of the builder's bad behavior. The builder may be going under due to the economic climate and unable to provide the warranty that was in the contracts.
What's the best way to transfer title to a home? Options include using a warranty deed or a quit claim deed and it depends on where you live. It's important to consider estate planning needs when adding a name to the title. A warranty deed may provide added benefit by ensuring that title insurance protections continue on the property.
Mortgage companies often issue loans contingent upon how the home will be used -- will it be a primary residence or a second home? Do you need to notify your mortgage company if you decides to change the status of a second home? In some cases mortgage loan documents contain a time limit for notifying mortgage companies about home status changes.
A home buyer asks about completing a home sale contract after discovering floor damage from an in floor heating system that was removed. Ilyce says it's great that the home buyer has a good home inspector and that completing the home sale contract depends on how badly the buyer wants the home, even with the home repairs. Learn how a home repair can delay a home sale.
How do you calculate cost basis on a home you receive through a quit claim deed? The type of home ownership is also a factor - for example joint tenancy. Learn how to do the calculation for cost basis and learn the rationale used to determine cost basis when families transfer home ownership using a quit claim deed.
A real estate agent typically represents either the buyer or the seller. But if a listing agent brings the buyer to the table, that real estate agent is now a dual agent. What is dual agency? How can you protect yourself if you find yourself working in a dual agency situation. Check out this new ExpertRealEstateTips video for the answer.
Is your real estate tax bill too high? If your property has declined in value, you may be able to lower your real estate tax bill. This Expert Real Estate Tips video shows you how.
Don't be afraid to ask real estate agents questions before you hire them. Which real estate companies have they worked for and for how long? Do they hold an agent's license or broker's license? What is their specialty and can they provide references? How do they market real estate on the Internet? What real estate have they sold? This Expert Real Estate Tips segment tells you what questions to ask your real estate agent.
