Generally, a purchaser will be unable negotiate a hold back for a portion of the purchase price on the closing date. For example, suppose that you, as purchaser, are taking possession of your new house today and you find that the dishwasher does not work, the front...
While a large proportion of my real estate practice comes to me via my connection with realtors, I don’t want to point fingers, but I am increasingly finding that both Buyers and Sellers are not being served well by their realtors. My issue to discuss in this...
A Home Inspector can often play a valuable role in your home purchase decision. Not only are inspectors trained to recognize the telltale signs of a problem but they may be a valuable asset for any claim you might end up having with the Vendor of your new home. In one...
In a previous post we discussed the role of the Executor/Executrix of a will. Someone asked a question pertaining to debts of the estate and whether those responsibilities fall to the executor. Does the Executor become liable for the debts incurred, even if debts...
In my years of experience I’ve watched family members, brothers and sisters, parents and children, boyfriends and girlfriends, teammates and others, purchase properties, and then have their relationships deteriorate. They all said, in the beginning, “a breakup...
It never ceases to amaze me that two or more adults can agree to pool their money to purchase a home, to fund monthly mortgage payments, to maintain and operate that home, all with have no written agreement that sets out what will happen if their relationship comes...
Purchasing a home is one of the most important financial and life decisions you can make. It’s hard not to let emotions get the best of your decision making. That’s why it’s important to take your time and use all of the tools at your disposal to...
After buying a home with a partner, is it now time to take one of the names off of title? That may not be as easy as instructing your lawyer to complete and register a transfer of land. Did you know that your mortgage company has the right to refuse to allow you to...
A while ago I ran across an interesting problem with a condominium title. A four story, 16 Unit condominium building was constructed some time ago in the SW. The four Units on each floor of the building, while similar in characteristics, are of different sizes. When...
When a Seller of a home, which was the matrimonial home prior to a separation, is in the Seller’s name, problem can arise. If the Seller is not yet divorced certain steps need to be made to ensure the sale goes smoothly. The Dower Act requires that the...
