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Real estate transactions

The common documents involved in a real estate closing

Buying a home here in the Memphis area is an exciting experience, but it takes time and a lot of work. Finally, after going through all of the preliminary due diligence such as obtaining a home inspection, getting an appraisal and finalizing financing, the time for...

What information does a home inspection provide?

Homebuyers here in Tennessee and elsewhere want to know that they are buying a safe and structurally sound home free from significant problems. The way they obtain this information is through a home inspection. Below is just some of what this crucial report provides....

Is title insurance a necessary part of real estate transactions?

Once the housebuying process begins, a variety of matters requires attention before a Tennessee resident receives the keys. One of those matters involves obtaining a title search. If the search comes back clean, why is title insurance still considered a necessary part...

Do you own the ground under your house?

You know that buying a home means you own the structure. You also know that you own the land around it, whether that’s a small city lot or a massive rural space with hundreds of acres. Everything between the property lines is yours. But how far does this ownership...

If you make an offer on a house, do you have to buy?

Buying a home is not like buying something from the store. You can make an offer, but the seller has no obligation to let you buy the property -- even if the offer is for the asking price. They can look at all offers and decide which one they like. That said, you may...

What is a right-of-way easement? 

An easement does not mean someone else owns your property. It just means that they have a right to use it in a specific fashion. The property is still yours, even though the easement may limit your use of that property in some way. Typically, the easement is just part...

Does a family member want to purchase your home when you die?

Other people may admire and enjoy the home that you live in. Regardless of whether it was part of an inheritance or the result of a long-term plan to build your dream home, you may have family members other than your spouse or children who might have an interest in...

Can you negotiate a new rental lease contract?

You have found the perfect apartment. The only problem is that the rental lease doesn’t allow you to bring your pet, and it’s around $50 too much each month. You want to negotiate with the landlord, but you know that it could be a big ask to cut so much money off each...

A residential disclosure form is essential for buyers

When you’re buying a home, something that you want to see is a residential disclosure form. This form should tell you all kinds of information about possible defects in the home.  On a residential disclosure form, the seller should be informing you about any defects...

8 tips for resolving disputes with your tenants

As a landlord, disputes with your tenants are just about inevitable. Still, you need to know how to deal with them when they arise. Here are some tips for dealing with issues and disagreements with your tenants. Know the law – The best way that you can avoid disputes...

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