A homeowner's association is a group of people who are in charge of enforcing rules and regulations within a particular community. Some communities that might have an HOA include members of a high-rise condo building or a neighborhood consisting of freestanding houses...
Washington DC Real Estate Law Blog
What you need to know about foreclosure in DC
The laws that regulate foreclosure mostly protect borrowers during the process. In D.C., a notice of foreclosure is not the end. However, the process is complex and requires fast action. You should start with a basic knowledge of what happens during foreclosure....
Why is a buyer-broker agreement important to real estate agents?
House hunting is a time when you are preparing to make big financial commitments in your life. It can be overwhelming, even before your real estate agent asks you to sign contract after contract. When a realtor presents you with a buyer-broker agreement, you should...
Understanding the elements of your real estate contract
You will probably put your name on many contracts during your lifetime, but few are more exciting than the purchase agreement for the home you wish to buy. However, a real estate purchase agreement has various terms that you must read and understand before signing....
Would a shared equity agreement help with your remodeling needs
You have long wanted to remodel both your kitchen and the master bath, but it seems the required funds have always gone to some other needy project. A neighbor raised the idea of a shared equity agreement. Could this kind of agreement provide the remodeling money you...
What happens at a real estate closing?
Buying a new home is an exciting process. But the final step before you can receive the keys to your new home involves attending the real estate closing. According to data from the National Association of REALTORS®, in 2019, people purchased 5.34 million existing...
Negotiating a favorable commercial lease renewal
A commercial lease in Washington, D.C. lasts longer than a residential one, so market conditions often fluctuate quite a bit between when your lease term begins and when it ends. For this reason, it may benefit you to try to negotiate new lease terms that may prove...
What is a shared equity financing agreement?
With a shared equity financing agreement, two individuals purchase a property together. While uncommon, this situation may occur when one person cannot afford the home independently. Review the details about shared equity financing agreements to make a decision about...
Last-minute issues can put the sale of your home on hold
If you are in the process of selling your home, you look forward to the closing and to moving on with your life. However, a closing does not always go smoothly. There are various issues that can delay this procedure, and some occur at the last minute. The issue of...
The importance of a title search when buying property
When buying property, a title search could uncover details that may require attention to prevent a setback. A last-minute issue discovered during a title search, such as the current seller not having 100% legal ownership of the property, can delay the closing. When...
