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Real estate comps can be very accurate, but it often just depends on how similar the properties are. After all, comps are a way to get a general sense of the real estate market. When someone is selling a home, looking at the sale prices of nearby homes that have...
Real estate disclosure laws vary considerably among the states. In some states – for example, California – sellers have the legal responsibility of disclosing a multitude of defects. Georgia places more responsibility for finding defects on the buyer. It follows the...
When going through a residential real estate transaction, the buyer certainly hopes that they are not purchasing a property that has significant defects or issues that they will have to fix. Problematic issues could include a leaking roof, fire hazards, structural...
Once you sign a home purchase agreement, you’re no longer just thinking about buying a house - you’re legally committed to the deal. This contract locks in the terms of the sale, your rights, responsibilities and financial obligations. Backing out can be difficult and...
A seller doesn’t have to make full disclosure when they list their property. But when someone makes an offer on it, Georgia law then requires them to disclose any known material defects with that property. This helps buyers know what they are actually purchasing and...
If you’re buying a home in Georgia, you must ensure that you do your due diligence once you find a property you want to purchase. This is important because you want to ensure that you’re getting exactly what you want when you make a purchase this large. One of the...
If you’re planning to buy a residence in Georgia, you probably feel excited about moving into your dream home. But what if the dream turns out to be a nightmare plagued by defects and other problems? Although sellers must inform buyers about issues with the property,...
Are you buying your first home? Do you think you have found your dream home? Are you considering buying it before anyone else? You may want to wait or you may have buyers' regret. Before purchasing a home, first-time home buyers should consider having a home...
If you are selling your home, you want to do everything you can to make the most of the deal and ensure a smooth transaction. Having a marketable property title free from any third-party claims, ownership disputes or risk of litigation should be top of the list. A...
Closing the deal on your dream home can be an exciting milestone, but it can also be a minefield of potential problems. Understanding the risks is crucial to navigating the process smoothly and protecting your financial interests as a buyer. First, you may run into...