The Relationship Between Interest Rates & Home Values

Whenever the topic of buying homes comes up, someone in the conversation will likely talk about interest rates. Don’t be upset or hard on yourself if you aren’t aware of why and how interest rates impact the real estate market. Some people have bought several homes and can’t fully articulate how these two things correlate.  […]

Discovering An Encroachment On Your Land

In the past, we discussed what encumbrances are and how they can surface during your due diligence period. We went over liens, easements, deed restrictions, and licensing issues. These are things that you should discuss with your attorney during the home-buying process, and it highlights the importance of having legal counsel. One of the things […]

Can I Sell A Home That Is In Probate?

Not only do hundreds of thousands (or perhaps millions) of homes pass through probate each year, but investors are drawn to them. They appeal to real estate agents and buyers because there may be little or no competition around acquiring them. During a time when open houses come equipped with long lines of buyers willing […]

Common Obstacles That Will Prevent You From Closing

Buyers and sellers want to get to the closing table. Buyers may be eager to move in before their child’s school year starts. Sellers could be in the process of buying another home that is contingent on the sale of their previous one. If you have ever been through this, you may remember how stressful […]

Things To Consider When Investing In Commercial Real Estate

Auricchio Law Offices represent clients who purchase or sell residential and commercial real estate. Identifying and defining each term is essential to understanding the pros and cons of both types of investments. Residential real estate centers on single-family homes and smaller multifamily properties with 2-3 units. Commercial properties are used to generate profit. Examples include […]

How CryptoPunks & Real Estate Are Connected

When people discuss NFTs (non-fungible tokens), the market surrounding digital art such as CryptoPunks is likely to surface. If you haven’t heard of them, take a minute to look up CryptoPunk #5822. It is a pixelated alien with teal skin and a blue bandana that looks like it could have been a character on an […]

Celebrities, Foreclosure Alternatives, & Challenging Life Events

Everyone struggles. Because of how easy it has become for people to broadcast their lives, we get a false impression that celebrities don’t face the issues that challenge us all. Having more money doesn’t eliminate problems. Expensive assets and property are costly to maintain. For example, if you purchase a boat for $1 million, you […]

Three Different Kinds Of Real Estate Deeds

A deed is not a title. A deed is a signed document that establishes that an asset has been transferred. Because this article centers on real estate, the specific asset we are discussing is a home or real property (i.e., land). You will have a title that serves as proof of ownership when you own […]

Purchasing Real Estate That Isn’t Real (Sort of?)

We had a tough time coming up with a name for this article. At first, we thought about calling it something along the lines of “Buying Real Estate That You Can’t See,”—but that might’ve given you the wrong impression. Although people buy houses without ever physically seeing them in person, that isn’t what we are […]

What The Avengers Tower Would Cost In Chicago

Let’s merge fiction with reality. One of Tony Stark’s most underappreciated superpowers is his ability to purchase real estate. Even with Stark Industries making an appearance on the Forbes’ List for most successful fictional enterprises, he seems to have a significant amount of wealth. Take just one of his cars, the Rolls Royce Phantom. That […]