| Considerations for Sellers of Real Estate |
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| There are probably as many reasons for putting a house up for sale as there are sellers. Regardless of the reasons, once the decision is made to sell, sellers have many things to consider that will make the process run smoothly. Among them are the physical condition of the property, the selling price, the remaining balance on any other mortgages or liens that are recorded against the property, and the use of a broker. More... |
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| Residential Real Estate Sales -- The Final Walk-Through |
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| In connection with a residential real estate sale, it is not uncommon for a buyer to "walk through" the house one or more times before the closing takes place.
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| Lead Hazards |
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| The issue of lead hazards is of particular concern with regard to dwellings built prior to 1978. In fact, the presence of lead, lead dust, or lead-based paint chips, presents serious hazards to children, as well as adults. More... |
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| Eminent Domain and the Public Use Doctrine |
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| Eminent domain refers to the power of a government entity to take private property. The power can be used by the federal government in the name of a federal agency or a branch of the military services. A state, county, city, village, or town can also use the power of eminent domain to take private property on its own behalf or on behalf of an agency of a governmental entity. In all cases, the governmental entity may only exercise the power of eminent domain, also called condemnation, if it needs the private property for a public use. More... |
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| Termite Inspections |
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| In residential real estate transactions, it is not uncommon for standard contracts to contain a clause that makes the buyer's consummation of the transaction contingent upon the home passing a termite inspection. More... |
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