Have real estate questions? Here, you’ll find helpful articles and other resources that cover issues related to real estate, buying, selling, financing, refinancing, credit and debt, insurance, second homes, vacation homes, real estate investment, new construction, and renovation.
Using Inheritance For Start In Real Estate
A young real estate investor has used inheritance to purchase a condo. Now that the condo has appreciated, it's time to purchase another property and the investor wants to know if a home equity loan is the best way to finance it. Taking out a regular mortgage on the new property rather than a home equity loan is probably the best bet.
Partnership Agreement Spells Out Real Estate Responsibilities
When you buy property with a friend you need to figure out who is going to pay for what. Buying a vacation home or a second home includes mortgage payments, utility payments and home repair costs. After you've determined the vacation home responsibilities it's a good idea to draft a partnership agreement with the help of an attorney.
More On The Buyer/Agent Relationship
While many agents do work exclusively on their agents behalf, there are too many situations where a buyer's agent also winds up representing the seller in a dual or non-agency relationship. By disclosing to the agent exactly how much a buyer likes a property, the buyer gives away some of his or her leverage. Not disclosing it to the agent protects the buyer from awkward no-agency or dual agency situations that may develop later.
Selling Your Home Requires Proof Of Ownership
When you buy a property it's important to have your name on the title and mortgage, if you have one. If you buy a property with a family member and later decide to sell, but you have no clear documentation showing you're the owner, it could be a problem. Learn the legalities of determining a home's owner to enable selling a home.
Ilyce Glink on WSB Radio – September 4, 2006
Substituting for Clark Howard on September 4, Ilyce Glink offers her WSB listeners useful real estate advice, personal finance advice, and tips on making life just a little bit easier.
Ilyce Glink on WSB Radio – September 3, 2006
This Labor Day weekend, Ilyce talked about great holiday deals available at Office Depot and CompUSA and wondered what the day after Thanksgiving sales might be like. She took calls from people who went to buy the $99 computer, only to find out there were four rebates involved.
Listing Contract Doesn’t Have Cancellation Terms
A home seller has become unhappy with her listing agent and would like to cancel the listing contract. The contract doesn't state anything about cancellation and the listing agent refuses to accept the cancellation. Ilyce explains what options the home seller may have.
Paying Extra Fees In Mortgage Refinance
A homeowner decided not to go through with a home refinance after starting the process. Now the bank is charging a subordination agreement fee and additional costs. When the borrower signed the application, they may have agreed to compensate the lender for certain costs and fees, even if they decided not to go through with the refinance. The loan application should outline all the fees.