If you have a flooded basement, don’t panic! According to multiple sources like this one and this one, 98% of all basements experience water damage at some point. The trick is to have a plan! And that plan starts with identifying what caused your basement to flood in the first place. Common causes of basement […]
Tenancy in common (TIC) is an agreement where two or more people share ownership rights to a property. The owners in a tenancy in common agreement can be business partners, friends, couples, neighbors, spouses, etc.. The owners do not have to be related. What is interesting about a tenancy in common agreement is that each […]
Squatter’s rights are protections given to people who occupy a property without permission. These people are called squatters, and both the squatters and the property owners have rights. These protections vary from state to state, but no matter where the squatting occurs, there are a few protections that exist across the USA. Squatters have the […]
Did you just find a puddle of water around your water heater? Don’t panic! Water heaters leak and it does not always mean you have to replace it. Sometimes just tightening a loose pipe or changing the water temperature is all you’ll need to do. Other times a leaking water heater can lead to more […]
Every 88 seconds, a home fire occurs in the US. Whether it is faulty wiring, a chimney, wildfires, or arson; if you have fire damage in your home or on your property, don’t panic! There are options you can take to recover your losses, even if your homeowners insurance or hazard insurance policy won’t cover […]
A Homeowner’s Association Lien (HOA) lien is a legal claim on your property due to unpaid HOA dues or HOA bylaw violations. Like other property liens, once an HOA lien is placed on your property you will run into issues if you try to sell your home. And in the worst case scenario, an HOA […]
Hazard insurance is an insurance policy that protects a property owner against damage to their home or property caused by fires, severe storms, hail, sleet, or other natural events. Hazard insurance is part of a homeowners insurance policy, but not all homeowners policies cover natural disasters. The homeowners insurance policies that have hazard insurance sections […]
Real estate commissions are a percentage of the money made from a home sale taken by real estate agents. Because commissions are a percentage, agents make more money selling an expensive home than selling a cheaper property. This is why it is in an agent’s best interest to sell a property for the highest amount […]
Contingent and Pending are both statuses you’ll see on a home listing when an offer has been made, but they mean different things legally. Pending means a contract is made and the buyer can’t back out, whereas Contingent means the seller must meet certain requirements for the sale to be finalized. These contingencies can include […]
If you don’t have the money to make your mortgage payments, mortgage forbearance may be the solution you’re looking for. Mortgage forbearance is when your lender agrees to let you make smaller payments or hold off on making monthly payments for a specific amount of time because of unforeseen circumstances or financial issues. Although interest […]
If you’re stuck between selling your house to a national or local homebuyer, we can help. The guide below walks you through the pros and cons of selling to local and national companies, and we’ve included a helpful chart with the similarities and differences to help you decide which “we buy houses” company to sell […]
A mechanic’s lien is when a person, company or service provider worked on a property, but the property owner or contractor in charge of the project never paid their bills. The lien is a way for the party that is owed money to try and prevent the owner from selling the property until their fees […]
