I get a lot of calls from people looking for quotes on my real estate fees. I completely understand; whenever I am thinking about a big purchase, I shop around too. What I wanted to talk about today was what, exactly, you need to keep in mind when you’re doing your shopping so that you… Continue reading What exactly am I paying for?
Tag: lawyer
The consequences of saying “no”
Every now and then, I have a client ask me (usually mere days before closing) what will happen if they refuse to close. Generally, it is not a good idea to refuse to close once your deal is firm. A firm offer is a binding contract, and the consequences of breaking the contract have the… Continue reading The consequences of saying “no”
Property damage on closing
Unfortunately, I occasionally have a client call me after a purchase has closed to let me know that there was damage in the house – a broken railing, a damaged pool filter, or even that the vendor took all of the light fixtures and curtain rods. If you arrive at your new home and something… Continue reading Property damage on closing
Closing time
In my post last week, I talked about adjustments on closing. Adjustments are one element of closing costs: the costs that you will have to pay in addition to your purchase price in order to buy your home. There are several line items in closing costs; some are fixed, and some are variable. Some fixed… Continue reading Closing time
Buying tenants
If you are purchasing a home that is currently rented out (or has an apartment that is currently rented out), there are extra precautions that you should take to ensure that the closing will go smoothly, whether you want to buy the house empty or want to keep the tenants. If you are buying a… Continue reading Buying tenants