Here are the different steps in a typical purchase and sale of residential real estate. Attorney You should retain an experienced real estate attorney before you sign any documents regarding the purchase and sale of real estate. Offer and Acceptance The Buyer makes an offer and the seller rejects the offer, makes a counteroffer, or […]
Real Estate
RSS feed for this sectionFirst Steps to Buying Real Estate
By Robert Allison on February 1, 2022Financing Your Home When you’ve decided that you’re serious and you’re ready to buy a home, you will need to know how much house you can afford. A mortgage pre-approval from a lender can identify your price range, makes you more attractive to sellers because it shows that you have the resources to make the […]
Real Estate: After The Offer To Purchase
By Robert Allison on February 1, 2022The formation of any contract, including those for the purchase of real estate, requires the present intention of the parties to be bound by the agreement. In a transaction for the purchase and sale of land, the initial agreement is most often embodied in an Offer to Purchase (OTP) signed by a prospective buyer and […]
Real Estate: Homestead Law Provides Protection
By Robert Allison on February 1, 2022A declaration of homestead protects a person’s principal residence from creditors. Changes to the Massachusetts homestead law (G.L. c. 188, §§ 1-10) make it easier than ever to declare a homestead and secure this valuable protection in these unpredictable economic times. Automatic Protection The declaration of homestead benefits each owner named on the homestead and […]
Real Estate Title Insurance
By Robert Allison on February 1, 2022When buying a home, you should consider purchasing title insurance. Real Estate Title Insurance insures against potential title issues which arose before you purchased the property, such as: Mistakes in recording of legal documents; Forged deeds, releases, or wills Undisclosed or missing heirs Deeds by persons of unsound mind Deeds by minors Deeds executed under […]
