Owning real estate with an investment partner is a popular choice among real estate investors, but this strategy comes with its own set of challenges. While there are many advantages to sharing ownership of properties with a partner, clear communication in agreements is the true key to success.
For Real Estate Agents
What happens when… Red flags to watch for in your client’s title search – PART 2
Did you know that a real estate lawyer’s title search just before closing can sometimes find red flags that could have been rectified with a title search prior to listing? This is why at McMurter & Associates we always recommend a title search be done BEFORE the listing of a property.
What happens when… Red flags to watch for in your client’s title search
did you know that your title search through GeoWarehouse differs greatly from a real estate lawyer’s version through Teraview?
In a real estate lawyer’s ideal world, a title search would be conducted BEFORE every property is listed. While this may not be common practice, having the search done before could save a lot of sellers, buyers, realtors, and lawyers from some unfortunate situations.
What happens when… the buyer doesn’t produce their deposit.
The Agreement of Purchase and Sale has been signed and the deal is firm. Congratulations to you, the agent, and your buyer. It feels like time to celebrate, but then…
The date scheduled for the buyer to pay their deposit passes without the funds anywhere to be seen. Besides an angry seller who is likely riddled with emotions, what happens next?