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About a year ago, mortgage interest rates were so low that everybody was scrambling to refinance their existing mortgages or buy. Now, you may get sticker shock just by looking at how fast the interest rates are climbing. The volatile housing market has made everybody...
Real estate developers are often interested in looking at anything possible that can protect their financial position. One such option is considering adding a lien waiver during a project. In some ways, you can think of a lien waiver as a receipt. It is tied to the...
One thing you don’t want to have to deal with in a real estate transaction is a breach of your contract. In any real estate transaction, the contract binds both parties to a series of terms and conditions. If those are not followed, then the contract is breached and...
Homeowners and construction professionals are often somewhat suspicious of each other. Most property owners have heard stories about people defrauded by shady contractors who take payments and never do the work, and many construction professionals have been burned at...
There is a saying that there is always money to be found in real estate, and that is certainly true on the current residential property market. Demand is high, and so are prices. If you purchase distressed or improperly maintained properties, you can potentially make...
Real estate transactions often have many details and moving parts to track. It can be difficult for sellers, buyers and their professional representatives to remember all the details about a property or the terms of an offer. Contracts are crucial in real estate...
When remodeling or putting an addition on a residential or commercial property, a property owner generally turns to a general contractor. The contractor then hires one or more subcontractors to complete specific tasks within the job, such as electrical, plumbing or...
