There's a lot that goes into establishing a closing date for a home purchase — and all it takes is one small thing to push back your chosen date. You can experience a lot of problems and frustration when you have to change the date of your closing. It's best to keep...
Should you sell your home when the property rates are soaring?
Real estate is something that investors look at similarly to stocks. The goal is to buy when the value is low, wait for it to go up, and sell high. Sounds simple, right? It’s not. For one thing, you have to know how much growth you’ll really see. It could be from...
Contingencies keep your options open when buying real estate
If you have ever bought a car on an eBay auction, you know the risk. You agree that, if you win, you will pay the vendor, whatever happens. If you turn up and the car belches blue smoke or has a loud death rattle, you are committed to handing over the cash. When...
Is this the right time to flip a residential property?
Real estate development has become a more common financial investment for the entrepreneurial minded in recent years. There are numerous benefits to buying, renovating and reselling a property at a profit. However, there are also numerous challenges, as well. In...
Legal protections from construction defects
Construction defects can be difficult for home and property owners to manage. Legal resources can help protect homeowners and property owners from the impact of construction defects. As a result, property owners should be familiar with the different types of...
Interested in converting apartments into condos? Here’s what you need to know
If you’re interested in adding to your real estate portfolio, you may be looking into condo conversion. This can be a good way to turn a duplex, four-unit apartment or other kind of large property into condominiums. This isn’t a simple process, though, because there...
What if your Philadelphia property has title defects?
“I have some bad news. It appears that someone else has a claim to your home.” No wonder you got it so cheap. It turns out the nice old lady you bought the house from was a gambling fiend. You knew she loved her weekly trip to the bingo hall, but the news that she...
Working with a real-estate attorney: Protecting your rights
You’ve been looking at homes for quite a while, and you’ve finally found one that you think you want to buy. Before you do, it would be a good idea to reach out to your attorney to talk about the steps you can take to protect yourself. Having an attorney there to...
It’s your possession date, but the seller hasn’t moved out yet
Buying a new home is an exciting but protracted experience. Whether you're about to move into your first home after living in rental units or have recently upgraded do to plans to expand your family, it can be very hard to wait the weeks or sometimes months between...
Four options to consider if you’re facing foreclosure
Sometimes a homeowner will experience a significant financial hardship that leads them to fall behind on their mortgage payments. If a homeowner in Philadelphia defaults on their mortgage payments, they may eventually face the foreclosure of their home by their...
