After a long and intense search for a property, negotiating pricing with the seller and finally reaching a deal, the settlement (or closing) process marks the end of a long journey. However, the settlement process should not be misconstrued as a simple and quick activity. Settlement is often one of the most important steps in legally transferring the property ownership from the seller to the buyer. It's during this step that actual paperwork will be signed to cement the transaction and make it legally binding.
5 March 2018
If you are selling an old property that was built before the 90s, there is a high chance that the building contains asbestos. Asbestos was used in building materials such as insulation, flooring and wall tiles, siding, door gaskets and roofing materials. Builders preferred it due to its impressive fire-resistant properties. Unfortunately, the government banned it because it was associated with respiratory complications, including mesothelioma and asbestosis. When you are selling a property that contains asbestos, it is critical that you take the following measures to avoid adverse legal implications after the sale.
2 March 2018
Are you retired and looking for a perfect place to spend the rest of your years? Do you have aged parents and are seeking an ideal residence for them? If you are faced with either of these situations, then you should consider getting a retirement apartment. Below are reasons why purchasing a retirement apartment is better than getting a conventional home. Custom amenities Retirement apartments are built to specifically cater for the needs of the aged.
27 February 2018
When selecting a home for rent, you can find it difficult to decide whether you should live in a gated community or a single housing unit. Below are some of the benefits that you will enjoy when you choose to live in a gated community instead of single housing units. Social amenities Gated communities have numerous social amenities for residents. Some of these include retail stores, parks, playgrounds, clubhouses and daycare facilities.
23 February 2018
Before you purchase a home, no matter its age or overall condition, you'll want to put it through a number of building inspections. Some general inspections, such as for the roof and the home's plumbing pipes, might be required by your mortgage lender, but there are other inspections that can still tell you if the home is a good value, or if you'll be looking at major repairs in the near future.
21 February 2018
Human nature being what it is, it's easy to fall in love with a material object simply due to its outward appearance. For example, you may drive past a potential new home and be smitten by its outstanding curb appeal. However, you've really got to dig deeper and certainly not judge this particular book by its cover. What do you need to be on the lookout for, when you're in the market to buy a property?
15 February 2018
If you're a growing real estate investor, then you may already have a very diversified portfolio. You may be looking to expand even further though by adding a multi-family unit, such as a block of flats. In this case, however, you have some additional issues to consider, including a fairly complex management structure. Before you go ahead with this type of acquisition, what type of manager do you need to take the strain?
14 February 2018