Perhaps, the most important document exchanged during Pennsylvania residential property transactions is the deed to the property itself. The deed is what gives the new owner the legal right to do what he or she wishes with the land, as no one can be handed a piece of land like one would give somebody an article of clothing or even a car.
How we can help if the state wants to build a road over your land
In some sense, eminent domain proceedings with the state can be frustrating. For example, as a previous post discussed, while the state or a local authority has to go through several procedural steps, they ultimately have the right to take a persons' private land so that they can build or improve a road. In other words, it is usually quite difficult for a landowner to stop the plans from going forward.
Seller's market in Philly shows no sign of slowing
Philadelphia's housing inventory, that is, the number of properties available for sale, is notably low right now, and it means that sellers are getting multiple offers on homes even days after they go on the market. Buyers are having to offer above list price and have also been willing to make important concession in their real estate contracts, such as agreeing to be bound by a sale even if an appraisal suggests they are paying too much.
Leasing versus owning commercial property
One of the big decisions a Philadelphia entrepreneur has to make early on in business plans is whether to purchase a building for the business or instead rely on a commercial lease to secure a location for a new business venture.
