Some homeowners in Indiana might be among those who reported in a survey at Realtor.com that they had heard a house was haunted but moved in anyway. However, not all residents may be as informed. While there are certain things about a home that sellers are obliged to inform buyers about, the belief that a house is haunted is not one of them.
Is my home’s previous owner required to notify me of defects?
When you move into the home you just bought, the last thing you want is to find out there are defects that can affect your quality of life and even your safety. Unless you knowingly bought a fixer-upper and are prepared to make the repairs, you expect your new home to be reasonably free of problems. Unfortunately for many Indiana residents, construction defects sometimes show up after the deed changes hands, which can be costly and affect the home’s resale value.
Understanding easements
Reading through the contract may be one of your least favorite things about buying a home, but as we at the law office of Katzman & Katzman, P.C., are aware, it is important to fully understand each item in your deed, as there may be surprises pertaining to the property that you were unaware of. This is especially true when it comes to easements. You and other Indiana residents should understand the purpose of an easement, as well as how it can affect the ownership of your home.
Flip houses are not always what they seem
The popularity of flip houses has skyrocketed thanks to the success of television shows that portray the almost magical transformation of an old, ailing house into a beautiful home. The stunning homes on television have led many people around Indiana to purchase flip homes themselves.
Never lose money in real estate again
When it comes to real estate in Indiana, homeowners and investors do everything possible to avoid losing money. The reason is simple. Real estate is expensive and the numbers are only climbing higher. While there is no foolproof way to ensure a buyer never loses money in real estate, there are important steps to help to reduce the likelihood.
Can you use crowdfunding to get a down payment?
If you are trying to get a mortgage to buy a home, then you probably already know there are many rules and regulations. Indiana lenders set guidelines and have strict rules about all steps in the process of securing a loan. This is largely due to the high risk of lending such a large amount of money. Additionally, many of the rules are in place due to previous mistakes made by the industry that caused a market crash. One of the areas where rules are particularly strict is how you get your down payment.
