A buyer recently bought a home that now has water in the basement. His home inspector has mentioned poor gutters and a grade problem. Since these problems were revealed during the inspection, and the buyer did not request to have them fixed, the purchasers are most likely responsible for the damages.
A homeowner has his home on the market and has a property tax bill due next month. The homeowner is obligated to pay his property tax bill on time. During the closing a "proration" of taxes can be negotiated. The seller will pay for the percentage of the year you lived in your house. The buyer will pay for the percentage of the year he will have lived in the house.
What happens when you quit claim a property to a friend who makes you promises to take care of a property and your interests in it and then renegs? You've given up your property rights because of the quit claim deed. It may be time to hire an attorney.
A buyer could not make it to the closing of his new home and signed a Grant of Authority for the builder to sign the documents. There were many errors along the way and the closing did not happen. Ilyce and Sam explain who should get to have the authority to sign documents if you can't make it to the closing.
In this column, Ilyce explains why home buyers and sellers should work with an experienced real estate agent. Home buyers and sellers should work with real estate agents with 10 or more years working in the housing market. Ilyce says experienced real estate agents have seen the real estate market turn several times and are better prepared to help home buyers and sellers with their real estate needs.
