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Real estate closing happens once you reach the end of the process and sign the papers that will finally make the house yours by law. Due to the stress that house hunting can cause, people often feel tempted to rush through this step. But closing is one of the most...
If you are thinking about purchasing a condo or duplex, you probably already know you are going to share a wall with at least one neighbor. While this wall may simply be a divider, it may also provide structural support to the entire building. Party walls are shared...
Dipping into the real estate market for the first time is often a source of great anxiety for many. As a first-time homebuyer, you may feel pressured to make "the right decision" when you do not even know how to start. Fortunately, you can help yourself out by...
Like other entrepreneurs, you probably envision making changes in the real estate you want to buy, like expanding the number of bedrooms or bathrooms to entice new renters. However, your plans may go unrealized if it turns out you cannot carry out your planned...
Have you considered purchasing a duplex to live in one side and rent the other side? Some investors find this strategy provides a stream of passive income as well as a low-cost living arrangement. Review the benefits and potential drawbacks of buying a duplex as both...
If you want to get a mortgage, you will have to meet various requirements set by your lender, which include having an acceptable debt-to-income ratio. According to the Consumer Financial Protection Bureau, debt-to-income ratio is the calculation of your monthly debts...
If you are thinking about refinancing a loan, it is important to thoroughly explore your options. If you have uncertainty related to refinancing, find answers to any questions you have and take steps to protect your financial future (as well as your ability to stay...
As a commercial landlord, you have plenty of responsibilities and obligations keeping you busy. While you may understand your role in your agreement with business owners, do you understand the part business renters play? Chron describes commercial tenant...
If you plan to retire soon and would like to find ways to generate income once you stop working, then investing in real estate may offer your future a financial boost. CNBC notes that real estate ventures are typically not as risky as investing in the stock market and...
When you create a real estate contract, you or the other party can add contingencies. COntingencies will impact the validity of a contract. They may stipulate that something must happen or must not happen for the contract to remain valid. Million Acres explains there...