Honeownership is becoming a big deal over the decades and it's a huge investment that you would definitely affect your life. Whether you are a buyer or a seller, you need to be aware of what's happening in the real estate market to get your money's worth. Today, we present you some tips to be well-versed in the real estate world:
Starter Home for First-time Homebuyers
A research done by the National Association of Realtors shows that a majority of home sales are to expected to first-time homebuyers. Many of these will be moving fromm urban rentals. Because of this, expect competitive rates and crazy bids.
Talk about a very good time to buy a starter! If you're itching to have one, take this chance.
Hire A Reputable Agent
An agent can either create a smooth sale for you or just send thousands of dollars down the drain.
The internet has made it more easier for us to do some research on your desired agent-to-be. You can take a look at their profiles on LinkedIn and other social media. Check out reviews for you to have an idea how they work or provide services to their clients. Is the agent professional or reputable as he or she appears to be?
Make sure to interview your chosen agents personally if you can. Ask them about their experience, listings and even dumb questions to check their knowledge. An experienced real estate lawyer would know when is the best time to list the property and do an open house.
Rents are Getting Expensive
Rents are on the rise while mortgage rates seem to be steadily low. With this fact, renters can approximately meke up 37 percent of homes if they plan to stay in one location for several years after buying. However, we still need to consider the variance in renter's behavior such as their hesitation in paying upkeep and taxes.
You're Not the Owner Unless You Sign the Contract
Some of the "bad" agents might try to convince that the house is yours and plan to close the deal instantly. But, don't be easily swayed by their persuasions as you would just end up with more trouble.
Before you can say that you're the owner, you must sign a contract first. But, there are a lot of things that you need to do before closing the deal. A home inspection would always help you find out if the house has some hidden defects that the seller didn't disclose. Title insurance companies can also help you check if the title is clear of any issues.
So, try to scrutinize first before jumping the gun.
Near the Waterfront is Nice. Maybe Not.
A nice view is definitely a great addition to your property but you need to consider realities when it comes to weather and insurance. Hurricanes have brought forth destruction in several years which forced flood-insurance rates into a drastic increase.
Thousands of homeowners particularly along the Gulf Coast and East Coast are force to get flood insurance. Some sellers and agents would choose not to disclose these information so, you better get yourself educated by doing your own research.
Do Stunning Photo Shoots to Sell.
If you want to make your home attractive to buyers, do an exterior photo shoot with different sceneries. Take some photos during autumn, or during the first snow, to show how warm and cozy your house is during winter.
If you're unable to give birth and planning to have a surrogate to that for you instead, you need to understand the surrogacy law. It takes a lot of thinking to get this done for there will be negotiations between the parents and surrogates or even egg donors. Apart from this, surrogacy is fairly expensive to do.
Here are important things that you need to keep in mind about surrogacy law.
Laws vary in different states.
Surrogacy falls under family law which is governed by the states. The law will most probably applied on the state where the surrogate lives. In a few states, surrogacy is considered illegal and in other states, they permit surrogacy. So, you need to make sure to determine where state your surrogate lives.
Laws are constantly changing.
Various cases are present in the lower courts constantly which encouraged states to make changes in the law. It's important to be updated of the possible changes in the law and the practice to avoid any complicated issues.
An experienced lawyer is vital.
Surrogacy is not simple as it seems so, you need to seek the aid of a legal professional especially when it comes to negotiating a contract. Doing an egg donation or a surrogacy without a contract can lead to complicated matters and rights of the surrogate. It's important to have a written contract for both sides to finally come to terms.
Finalizing parental rights can be tricky.
There are a lot of factors that need to be considered in finalizing parental rights. The state where the intended parents currently reside can govern the finalization of parental rights. In some states, ordering hospitals to put intended parents on the birth certificate is recognized. In some states, if the child is not biologically related to the intended parents, the pre-birth order will not be recognized.
Over period of years countless people have been falsely acused of a crime they never committed. Some of these people were subjected to heavy punishment such as a life penalty and even a death sentence. This is no joke because you'd badly suffer from a bad reputation for something you didn't even do.
What is False Imprisonment?
It's the act of restraining an individual against his or her will without any reasonable justification. Generally, it's paired with threat of force and is considered to be a common law misdemeanor. The elements that consists false imprisonment are: willful detention, without consent and without authority of law.
Here are some things that you need to know to protect yourself from false imprisonment:
If you are falsely arrested, you have the right to remain silent and confide only with your chosen lawyer. Do not speak to the police without your lawyer around. Anything you say will be used against you so, it's better to keep silent.
Try to get the badge numbers and names of any police officers who try to pin the crime on you. There are some police who are willing to take lengths just to see you arrested.
Under the constitution, you have right to be free from violations of your civil rights. You will never submit yourself to police abuse and false arrest. Make sure you have a deep knowledge of your civil rights so, you can protect yourself from these unwanted situations.
If you acquired an injury, make sure to oblige the police to file a report. You have the right to be immediately taken to the hospital if you suffered from police violence.
Any arresting officer who doesn't take the arrested person before a court is guilty of false imprisonment. Same goes for an officer who arrests a person without a warrant.