Your home may be the largest single purchase you make in your lifetime. You will likely take 20-30 years to pay it off. Therefore, it is vital that you structure your purchase agreement properly. These are a few things you should look for in your real estate contract....
If you own your house or other properties, you need to plan what happens to your holdings in the future. Deciding how to distribute your real estate to your family serves both your interests and your family's. There are many ways to handle what happens to your home...
There are many aspects to buying a home that can be time-consuming and slow down your path to closing. One of those is a home inspection. However, no matter how frustrated you may be with the process, you should always get an inspection. Realtor.com explains that a...
When you have decided the time is right to purchase your very first home, you may find a property you love and eagerly want to make your offer to the seller. However, before moving too quickly, you should learn about the different things that may impact how you or...
When you buy a new home, your closing is the final step of the process. The Home Buying Institute explains that at closing, you, the seller, your mortgage lender representative, your title insurance company representative and your escrow agent all meet together to...
Michigan's Seller Disclosure Act requires a homeowner to reveal information about his or her property's condition to a potential buyer. If a seller fails to disclose a known material defect, a buyer has six years from the closing date to file a legal action alleging...
You as a home buyer may find a house that seems like everything you want in a residence. You make an offer, dreaming of your life to come inside your new home. But then you might find there is a problem with the title of the home. If this should occur, you might want...
Before purchasing real estate property in Michigan, you may wish to verify that there are no existing deed restrictions in place regarding what you can or cannot do once the sale goes through. A previous owner may have added a specific rule to the deed, such as...
If you are thinking of buying a home, imagine finding a residence you want and putting in a bid to buy it, only for unforeseen circumstances to delay or even thwart your bid entirely. That is why executing a title search is important. The process of checking out the...
From job loss to an unexpected health decline, many factors can cause a homeowner to fall behind on their mortgage payments. While your lender may temporarily reduce or delay your mortgage payments if you're facing a hardship, they don't have to. Not paying your...