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Legalities
The number 1 rule to buying a property in the USA is to make sure you have a lawyer. You
wouldn’t buy a property in the UK without a solicitor would you? Within this area we have a
selection of articles that relate to the legal facets of property in The US.
Legal tips for renovating in the USA
7th December 2011 - 08:31If you’re thinking of buying a fixer-upper, you must familiarise yourself with local and state laws applicable to renovations. You should also check out the age and safety of the property you are buying because there are some regulations concerning lead and asbestos that may affect your decision. All states require you to apply for permits prior to doing any work in order to protect you from unsafe practices or dodgy contractors. Permits may be required for something as more...
Buying land to build on in the USA
26th October 2011 - 09:46If you’re itching to get your feet wet in the American property market, but are not sure that you are ready for a residential property, maybe you should consider buying a plot of land in the US. You could either keep it as an investment to sell at a later date or keep it indefinitely with the intention of building your dream home at some point in the future. Either way, you should consider this purchase to be equally as important as buying real estate. In other words, get legal more...
Lessons to be learned: a buying story from the USA
14th September 2011 - 05:40Even with the best will in the world, real estate purchases can and do go wrong. It’s easy to get swept up in the euphoria of owning a property abroad and America may seem like a country where dreams are fulfilled and everyone lives happily ever after, but this article may help bring you back to reality. As we all want to keep up with the Joneses, let’s use the “Smith” family as an example of a real family who bought into the American dream and it all more...
How to Find Good Legal Advice
3rd August 2011 - 11:58You may think that seeking legal advice when buying a property in America is an unnecessary expense, but real estate law can be a little quirky and you may find those quirks difficult to understand without a real estate lawyer (solicitor) on your side. Real estate lawyers are necessary to help you understand and negotiate terms and they will conduct a search on your title to ensure there are no liens attached to the property. Simply put, they will make sure the person selling more...
What to Look for in your Contract
22nd June 2011 - 04:11Unless you are trained in real estate law you will find real estate contracts complex, so it is always advisable to obtain legal representation when purchasing a house in the US. However, there are a number of things that a buyer should also be on the lookout for. The mortgage agreement is usually the first piece of paperwork you will receive unless you have obtained a mortgage in the UK. The first part of the mortgage agreement is known as a Good Faith Estimate—this more...