Buying a house is one thing. Buying land to build a house on is even more complex. Among the issues you need to consider if you plan to buy land to build on: The seller’s title, supported by title insurance A staked survey showing the property boundaries and any easements Zoning as it affects what …
Buying Land to Build on Requires Extra Considerations Read More »
We have seen a few recent developments in condominium association operations. 1. The first is a change in the Condominium Act. An amendment that went into effect in January 2014 requires condominium associations whose annual receipts exceed $20,000 to have an annual audit by a CPA. This requirement applies to existing condominium associations, not just …
If you have considered buying a timeshare to escape the winter blahs in a sunnier clime, you may want to think again. Often, timeshares turn out to be poor investments. Timeshare units are often hard to sell and they have high annual fees ($200 to $1,000 per year, with several hundred dollars typical) used to …
If you plan to buy property, the best time to talk to an attorney is before you sign a purchase agreement. The purchase agreement—sometimes called a buy-sell agreement—normally is a binding contract that sets the framework for closing. For example, the agreement controls the purchase price, inspection rights, use of a particular form of land …
Purchase Agreement Crucial Before Buying Property Read More »
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