How to place a mechanics lien on a property
Sometimes, getting compensated for work done on a person’s property can be a challenge. That’s when a mechanics lien becomes handy. It acts as a reminder on the property that you’ve worked there and haven’t received your payment. In California, if you’re involved in these types of work – like contractors, subcontractors, or material suppliers […]
What is a Buyer’s Agent Fee and who Pays it
Buying a house comes with lots of questions. One big question is about the buyer’s agent fee. Let’s find out. Buyer’s agent fees are the costs associated with hiring a real estate professional to assist in purchasing a property. They typically consist of a percentage of the home’s sale price, although alternative fee structures may […]
What Is A Seller Credit And How Does It Work In Real Estate
Buying a house is exciting but comes with high up-front costs. Seller credit can lower these expenses. This article will show how seller credits make buying a home easier and less costly for you. Keep reading to learn more about this valuable tool in real estate. Defining Seller Credit Seller credit acts as a financial […]
Can an HOA Really Kick You Out
Quick Answer Yes, an HOA can evict a homeowner under certain circumstances. However, it is important to note that the process and grounds for eviction may vary depending on the specific rules and regulations outlined in the HOA’s governing documents, such as the bylaws and covenants. What is an HOA A homeowner association is a […]
What is a Buyer’s Agent Fee and who Pays it
Quick Answer When purchasing a property, the buyer usually pays fees to their real estate agent for their assistance throughout the process. These fees are typically a percentage of the purchase price and are agreed upon between the buyer and agent at the start. However in many states. the proceeds are paid by the seller […]
What Legal Rights Do Sellers Have with Earnest Money
When dealing with real estate, one term that crops up is an “earnest money deposit.” But what exactly is an earnest money deposit, and why is it important? The Role of Earnest Money Deposits: An earnest money deposit serves as a form of security for both buyers and sellers. It demonstrates the buyer’s commitment to […]
How Can an HOA Prevent You from Renting Your Home
Quick Answer Yes an HOA can prevent residents from renting out their house. Some HOAs may not allow rental properties in their community, while others may have restrictions on the number of rental properties allowed. Everything owners need to know will be in the bylaws. HOAs exist to ensure that their communities’ common areas are […]
What is Landglide
Quick Facts LandGlide is a mobile app and website that allows users to access property line data for anywhere in the United States. The app uses a combination of aerial imagery and parcel boundary data to provide users with an interactive map of property lines. LandGlide also provides users with detailed information about the properties, […]
Understanding the Key Parts of a Builders Contract
Quick Facts A builders contract should include the scope of the project, the timeline for completion, and the payment schedule. It should also include a list of materials and labor that will be used in the project. It should also state who is responsible for any damages or losses that occur during the construction process. […]
What is Earnest Money and when can a seller Keep it
Quick Answer EMD stands for Earnest Money Deposit, which is a deposit made to a seller that represents a buyer’s good faith to buy a home. According to the National Association of Realtors, the median amount of an EMD is 1% of the purchase price. In real estate transactions, an Earnest Money Deposit refers to […]