After Death or Divorce, What Happens to the House?
When a family member passes away, their loved ones sometimes become homeowners unexpectedly. If the inherited house was owned free and clear, with no encumbrances, the heirs can do with the place what they want. Typically, they sell it, but sometimes they move in and...Should Sellers Sign Long-Duration Listing Agreements?
The Department of Justice has warned buyers not to sign contracts binding them to the agent showing them houses. And maybe they shouldn’t. But sellers should also be leery of signing listing agreements that tie them to one brokerage firm for months at a time. For...Flood Insurance Is Getting More Affordable
The National Flood Insurance Program is working on allowing policyholders to pay their premiums on a monthly basis. Previously, premiums could only be paid annually. The Federal Emergency Management Agency, which operates the program, is in the process of allowing...A Homebuyer’s Glossary of Key Terms to Know
“Vive la difference” is a French phrase that encourages us to celebrate differences, usually among people. But real estate has its differences, too – like the difference between spec houses and custom-built homes, or between a pending sale and a completed one. Let’s...This Week’s Paper: Digital Edition
