The home-buying process is not always an easy one, and there is always a pinch of risk that comes with a purchase. For the most part, sellers are honest and disclose when there are serious issues with a home. However, there are times when sellers don't disclose issues that they know about. For instance, a seller may try to cover up the fact that the basement leaks or that there are other serious defects in the home.
Flipping house: Do your research first
House flipping is popular among investors, but there is a chance that any house flip could be a flop. If you don't do your research, you could end up making mistakes that lead to heavy financial losses.
Apartment stickers show off quality
How would you feel if you could look at an apartment and know it's really all it looks like it's supposed to be? How would you feel if that rating applied to a property you owned?
Can neighbors hurt a real estate transaction?
There are many things that can stop a real-estate transaction in its tracks, but nothing hurts a sale more than finding out a property has awful neighbors. There are various ways neighbors can hurt a sale, like by having unkempt lawns or being nosy or noisy.
Millennials choosing to buy homes in booming market
Buying a home is often a dream of the young or newly married couples. Owning a home is a way to increase your worth and encourages you to invest your money into something solid. A home is a real asset that could become valuable as the economy improves and houses become a commodity in your local market.
Knowing your rights as a homeowner gives you leverage
As someone who is aging, you may worry about being able to make your payments on time for your home. If something goes wrong, will you be kicked out of your house? Are any of your rights as a homeowner protected?
Asking questions helps you make a good home purchase
When you're ready to purchase a home, there are many questions you need to ask. Failing to ask certain questions could result in problems down the line, so it's important to take the time to get a full understanding of the property you're purchasing as well as when the contract to purchase can be cancelled or voided.
What are some zones available in New York City?
New York City and the State of New York have various zoning laws you need to know about if you plan to build or buy a property. Zoning helps keep certain structures as residences while others are created for the purposes of commercial or business activities.
New York real estate does well thanks to celebrities
Thanks to celebrities being interested in apartment shopping in the Big Apple, New York real estate had a great year. According to a Jan. 2 news report, the real estate market had its good and bad times in 2017, but with celebrities making their homes in the city, they helped boost the overall value of homes in the area.
Mold: A danger that needs to be disclosed before a purchase
When you buy a home, you expect the homeowner and realtor to disclose any issues the home has, especially if those issues are costly or could cause health problems. One such problem in a home could be the presence of toxic mold.
