A client came to our office after purchasing a property with a business closed for several years. She wanted to continue the use and purchased the property without consulting us. Unfortunately, since the use was discontinued for several years prior, the municipality...
If you are buying or selling commercial real estate and are considering a real estate agent, please use one experienced with commercial real estate. Representing a home buyer or seller is far different than representing a buyer or seller involved with a commercial...
Closing costs of a purchase and loan are a significant expense at closing. While the "standard form" contract allocates these expenses a certain way, generally favoring the buyer over the seller, all of these expenses are negotiable. Real estate commissions are also...
Some "do nots" if you want to sell your house: (1) have cluttered rooms or closets, as this makes the house appear smaller; (2) have unpleasant or overwhelming cooking or pet smells; (3) "junk" in the yard; and (4) too many pictures and photos on the walls. These are...
How long should a landlord "work with" a tenant who is behind on the rent? There is no easy answer. Factors to consider are the length the tenant has rented from you, previous rental payment history, and the reason why the tenant is currently behind. Are you really...
A lease option gives the buyer the right to buy your property for a certain price within a defined period of time. Sometimes a non-refundable lump sum option payment is paid at the time the option is granted, to be applied toward the purchase price, but retained by...
If you are selling investment real estate and anticipate a significant capital gain, consider a so-called 1031 like-kind exchange. With this type of arrangement, you can sell your current investment real estate, purchaser other investment real estate, and not pay...
Sometimes a seller of a commercial property will "take back" a mortgage and promissory note at closing in lieu of receiving all of the purchase price. This is especially true for more "difficult to sell" properties by not requiring the buyer to obtain conventional...
If you are buying commercial real estate, you must always do your "due diligence." This typically includes not only a building and roof inspection, but also an environmental status report and survey. Also, make sure the use to be made of the Property is permitted by...
My wife and I found a home we really liked on a private golf course. Unfortunately, after we moved in, we learned that bad drives off the tee hit our home or glanced off the roof, and golfers with bad shots looked for their lost golf balls in our backyard, spoiling...