Fifty
Questions about Real Estate Transactions:
TABLE OF CONTENTS
QUESTIONS
FOR BUYERS
What
you should know before making an offer
What
is real property?
Do
I need a lawyer?
Is
an oral contract binding?
Decisions, decisions
What
is joint ownership vs. ownership in common?
What
are the pros and cons of joint ownership?
Should
I purchase property as a partnership?
Do
I want a balloon loan?
Buyer Beware
What
are the limits of a broker’s authority?
Should
I have a survey performed?
What
are easements?
Is
an encroachment different than an easement?
Should
I worry about deed restrictions?
What
is a permanent pathway?
Who
pays for defects found in a home inspection?
What
if my seller isn’t a US citizen?
What’s
the difference between a lien and a judgment?
Should
I worry about construction liens?
Financing
What’s
a "good faith effort" to get a mortgage?
What
are the drawbacks of a wraparound mortgage?
What
are the consequences of prepayment penalties?
Will
the IRS care about my home equity loan?
What
are closing costs?
What
is the impact of homestead on financing?
Title Issues
What
are the different kinds of deeds?
What’s
the difference between a title and a deed?
What
is adverse possession?
What
does owning a house as "husband and wife" mean?
Why
should I have recorded my deed?
Why
do I need title insurance?
What’s
an owner’s policy vs. a bank’s policy?
What
is a title abstract?
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page)
QUESTIONS
FOR SELLERS
How
can I determine a reasonable listing price?
What
are the rules on lead paint?
Am
I selling the fixtures?
Can
I avoid capital gains taxes?
Should
I consider offering an installment contract?
What
are the benefits of seller financing?
Should
I offer a lease/option?
Can
I use a power of attorney?
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page)
QUESTIONS
FOR OWNERS
What
can I do about defects found after closing?
What
are the dangers of a life estate?
What
are ad valorem taxes?
Should
I consider taking out a reverse mortgage?
Do
I have to worry about lead paint if I renovate?
What
can happen if my fence encroaches on my neighbor?
How
do I handle an access dispute?
How
can I deal with trespassing?
(back to the top of this
page)
QUESTIONS
FOR LANDLORDS AND TENANTS
What
are the rules for security deposits?
What
if commercial tenants violate zoning rules?
What
are CAM and net leases?
(back to the top of this
page)
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