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New York Gov. Hochul signs bill giving flood risk ‘right to know’ to homebuyers

Housing Wire

Kathy Hochul (D) last week signed a bill into law that establishes a flood risk “right to know” for homebuyers. Previously, sellers could opt that the buyer gets a $500 credit at closing and the disclosure requirement was waived,” Hochul’s office explained.

Law 410
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The title industry’s latest cat-and-mouse game: seller impersonation fraud

Housing Wire

“This recent trend involving seller impersonation is particularly concerning, as the real property owner is typically not aware nor in a position to prevent the fraud, until it is too late,” said Thomas W. In Florida , Christian Ross of Ross Law | Ross Title is no stranger to seller impersonation fraud.

Sellers 384
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What Is a Land Contract In Ohio? Full Guide [2021 Update]

The Robert Weiler Company

In real estate, buyers and sellers must be knowledgeable to make informed decisions. A land contract, also known as a land installment contract, is an executory financing agreement between a seller and a buyer. The agreement is solely between the buyer and the seller, and there is no bank or lender involved.

Contracts 143
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Real Estate Risk Management: Putting Clients’ Interests First

McKissock

Keep reading to learn how to improve real estate risk management, and avoid getting into trouble with the law, by putting your clients’ interests first. This includes “opinions of real property value or price.” Working with different types of real estate clients. Overview of NAR Code of Ethics: Articles 1–13.

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Investing in Commercial Property for Sale in Columbus, Ohio? The Complete Beginner’s Guide!

The Robert Weiler Company

Having a keen sense of these factors off the bat helps property or land buyers determine the predicted economic atmosphere within the coming years. For first time buyers, hiring a property manager is recommended. It takes work in the beginning to find the right person to manage your commercial investment property.

Investing 138
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Red Flags Related to a Title on a Home

Will Springer Realtor

Buyers should read CC&Rs and all related HOA documents to understand the rules and potential risks of purchasing the home.). EASEMENTS: An irrevocable right to use some part of another person’s real property for a particular purpose. CC&Rs prohibit certain types of improvements to a residence, for example.

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Commercial Real Estate Appraisal Review: Essential Handbook to a Necessary and Influential 2nd Opinion

The Robert Weiler Company

Consider the grantor’s position when considering a disbursement for a mixed-use development, conservation easement, or specialty use property. An appraisal review is a second opinion or added insurance for the transaction to ensure the purchase price history, comps, adjustments, and disclaimers are accurate. Trust the experts!