People who are handling real estate transactions hear a variety of terms during the process. “Deed” and “title” are two of these. They’re often used interchangeably, but they aren’t the same thing. In simple terms, a title is the legal ownership of a property, and a...
Owning a home gives people a sense of security and pride. However, they are not truly the independent owners of the property until they have fully paid off their mortgage. That process often takes 30 years, although some people have shorter repayment cycles for their...
Joint ownership can make real property acquisition more accessible. People may pool their resources and income to qualify for mortgages and purchase property. Unmarried romantic partners, siblings, cousins, best friends and even college roommates might decide to buy...
Disagreements among real estate investors can escalate quickly. Whether it’s about profit sharing, property management or investment decisions, unresolved conflicts can stall projects and harm relationships. Understanding alternative dispute resolution (ADR) can help...
An easement on a piece of commercial or residential property allows someone other than the property owner to use that land in a limited way. These arrangements are often set up very specifically, and only certain types of use are permitted. For example, one property...
Buying a home can be a fulfilling and thrilling financial investment. However, there are factors to consider that can help you check whether you are fully prepared to handle the home-buying process. Skipping research or rushing into a purchase can create problems you...
When you buy or sell real estate in Georgia, a clear title confirms your right to own or transfer the property. Title problems can appear at any stage of the process, often without warning. Even minor errors or claims can delay a closing, affect financing or cause...
Traditionally, when someone is selling a house but still has a mortgage loan on that home, they will be seeking to get at least the balance of the loan in return. Many sellers are looking to make a profit, so they price the house even higher. But a short sale is when...
Investing in a parcel subdivision can be a profitable strategy, whether you are an individual investor looking to build and sell homes or a business aiming to develop commercial sites. However, the subdivision process involves complex legal, zoning and regulatory...
A home inspection contingency in a real estate purchase contract is one of the most important clauses in the document. It gives you the right to have the property inspected by a professional after the offer is accepted but before the sale is finalized. This isn’t a...
