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Buying property is a major investment. Most buyers expect the property lines shown in a survey to match what they own. When a survey contains an error, it can create confusion about boundaries, access or ownership. Understanding these issues can help property owners...
Buying or selling property is a major step. Most people expect the process to move smoothly once an offer is accepted. However, a survey can uncover issues that were not obvious before. When that happens, the closing may take longer while the parties work through the...
Commercial landlords and property sellers may use a variety of different strategies to attract viable long-term tenants. Offering to develop a property or completely renovate the interior of a building to suit a tenant’s needs can be a workable business model....
It’s not unusual for a home appraisal to come in lower than expected, even if the buyer and the seller agreed on the purchase price and the lender had preapproved a loan based on that price. Lenders often approve loans based on preliminary information, but the final...
There are many moving parts in a real estate transaction, and it’s easy to overlook some crucial steps. Most buyers focus on the big, visible milestones, such as getting pre-approved, making an offer and waiting for closing. While those are important, some seemingly...
Unexpected issues can turn the excitement of buying a home into a stressful ordeal. Maybe an inspection uncovers hidden problems, your financing falls through or the appraisal comes in lower than expected. Without the necessary protections in place, these unforeseen...
Easements can affect the value or use of real property. When there is an easement on record for a property's title, another party has the right to access the property or possibly the resources on the parcel. Utility companies and neighbors are among the parties likely...
Owning property in Minneapolis opens a world of opportunities, but it also comes with important decisions. Should you lease it as a residential space or a commercial one? The choice affects more than just the type of tenant you will attract. It is about understanding...
Whether you are buying a new home or office space for your company, purchasing real estate is a significant investment. There are plenty of things that can go wrong if you do not conduct due diligence. Here are some important things to consider before signing off on...
Real estate transactions are often complex, and situations may arise where a buyer or seller wants to back out of a purchase agreement. However, canceling such an agreement isn’t straightforward. Below, we explore the circumstances under which a real estate purchase...
