If you wish to become an investor and buy a property you will rent out, there are some important things to keep in mind. This type of purchase is much different than buying a home for yourself. Certain aspects of a property may make it more desirable as a rental and...
Real Estate
What should you always put in writing to avoid tenant issues?
As a landlord, you have to watch out for your interests. It is important that if you need to take legal action against a tenant that you have evidence to back up your claim. There are times when you may make agreements with your tenants orally, or you may have...
4 areas of disclosure to talk to a seller about
Real estate disclosure forms and requirements are specific to each state and knowing what to disclose can prevent legal trouble. In New Jersey, the law requires sellers to promise the home is fit to live in rather than requiring sellers to complete a full disclosure...
What is a Notice to Quit?
New Jersey's eviction laws spell out the exact reasons why a landlord can evict a tenant. For all the reasons, except when the tenant fails to pay rent, the law requires the landlord to give the tenant a Notice to Quit. This notice signals the beginning of the...
How can you avoid mistakes when selling a home?
There are numerous steps to selling a home, and it is important for sellers to navigate these steps effectively. There are numerous real estate mistakes that can occur during transactions between buyers and sellers, which can negatively impact the end result. The more...
When can you evict a tenant as a property owner?
As a landlord, you benefit from having your rental units inhabited by tenants. As such, you do not want to have to remove a resident. Sometimes, however, tenants’ behaviors or actions may so risk your property and business interests, you must take action. Although you...
Is a quiet title action necessary for you to obtain a mortgage?
Perhaps you have finally found the perfect home to buy, but is the title on the property free and clear? If there is some ownership ambiguity, your attorney may need to file a quiet title action with the court so you can obtain title insurance and a mortgage....
How can you win a bidding war?
When purchasing residential real estate, there is an art to winning the final bid. You found the house you love, but you still have to compete with others to ensure that you end up in the house you decided to put your energy towards. According to the U.S. News, there...
Does your new home have a party wall agreement?
If you are looking to buy a new home, you are probably no stranger to disappointment. After all, according to reporting from New Jersey 101.5, the red-hot housing market has caused many first-time buyers to get into unwinnable bidding wars. While many real estate...
What are real estate contingencies?
Buying a home is a major investment, one that requires lots of foresight and planning. Once you find a suitable property and enter into negotiations with the seller, you must consider real estate contingencies. Contingencies are clauses in the real estate contract...