If you’re looking for your perfect starter home – or the perfect plot of land to build it on – then you’ll likely soon receive one of several different types of deeds. Unless you are unusually well-versed in property law terminology, it’s understandable that you might...
Real Estate Transactions
Why you should avoid major purchases before closing on a home
Typically it is in your best interests to avoid making major purchases while in the market for a home. This is because those purchases could have an impact on your credit utilization and debt-to-income ratios. If these ratios are too high, it may make it difficult or...
I found a For Sale By Owner, but I already have a real estate agent. Can I avoid the fee?
In your search for a new home, you decided to hire a real estate agent. Later, you found the perfect house, only to discover that it is listed as For Sale By Owner (FSBO) and the seller does not want to involve real estate agents. You might feel the temptation to...
Buying a house: Is it smart to use a 30-year mortgage?
Buying a home can be an effective way to secure your financial future, while also making it easier to become part of a community. However, it's important that you act carefully when shopping for a Pennsylvania home. Ideally, you will make a significant down payment,...
How you can use inverse condemnation
When you own a property in Pennsylvania, you might think it’s yours until you sell it. However, the government can take part of it to use for a variety of purposes. While the government doesn’t need permission from the homeowner to do so, they do need to compensate...
Land seizure: Factors to consider when determining compensation
Throughout Pennsylvania and the rest of the United States, the government sometimes needs to seize land for public use. Sometimes, this land can be part of a neighborhood where homes reside. In the act of fairness, the government must pay just compensation to a person...
Eminent domain claim: Can there be a challenge to it?
Residents of Charleroi and other areas of Pennsylvania may want to learn more what to do when the government wants your land. It could be for an airport or other project, but your house is in the way. Be prepared because the government will probably get your land as...
Five mistakes that first-time homebuyers make
Buying your first home is an exciting prospect, but not one without risks. When you are looking into purchasing a home, it is worth noting what mistakes you should try to steer clear of during the transaction. Here are five mistakes to avoid when buying your first...
Overview of real estate closing process
The final step in Pennsylvania real estate sales transactions is what legally is known as the closing. If you are like many people, you undoubtedly have heard the term closing but you may not really know what is involved in that process. There is a trio of major...
Five obstacles in the home-buying process
The housing market started to boom in 2020 as many individuals decided they wanted to leave apartments in cities for single-family homes. For some prospective buyers in Pennsylvania, the market boom has been a mixed blessing. As more buyers enter the scene, it is...