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 […]
Cryptocurrency & Real Estate
The fact we are discussing this is exciting. The idea that we would have a viable, new currency was unthinkable to most at the start of the millennium. Because we have become more digital, our currency and products (e.g., NFTs) have followed suit. Some elements could present issues regarding whether you can purchase real property. […]
Breaking Down Earnest Money
When you buy a home in a seller’s market (i.e., when there are more motivated buyers than properties available), you must understand the different elements of the deal. Homeowners who are selling don’t want to accept an offer, sign an agreement, take their home off the market, and go through the due diligence process only […]
Reasons To Walk Away From A Home Purchase
In addition to money, there are a lot of emotions tied in with buying a home. When you fall in love with a house, you begin to envision your future there. Maybe it has a balcony where you plan on having coffee each morning, or it is near where you work. The latter may inspire […]
Resolving Your Condominium Association Disputes
Over 65 million people live in a home that is overseen by a community association. These exist for a multitude of reasons. The associations usually ensure that each home holds a standard so that its appearance or condition doesn’t negatively affect someone else’s home value. Neighbors have a common interest in terms that they want […]
The Ins & Outs Of Easements
An easement is another person’s right to use someone else’s property. When people learn of an easement, they quickly conclude that they will simply avoid buying real property with an easement on it. The fact is that if you hadn’t checked before buying your home, you might have an easement on it without knowing. Your […]
The End Of The Indiana Moratorium
There is a possibility that evictions in Indiana will increase dramatically in the next few months—and this was entirely unanticipated. Both landlords and tenants face a future they hadn’t planned for because of the federal moratorium on evictions. At the onset, the pandemic had a catastrophic impact on people’s health and their livelihoods. People’s inability […]
Why Illinois Homebuyers Need A Lawyer
Do you need an attorney when you buy a home in Illinois? No, you don’t. Illinois law doesn’t require to be represented by legal counsel at the closing table. But there are also no helmet laws in Illinois. Although you do not need to wear a helmet, are you assuming more risk by choosing not […]