Even with a home loan, you still need money for adown paymentand to cover the other fees, including closing costs, when buying a house. In some circumstances, you might be able to buy without a down payment, but most of the time, this won’t be the case. How to Buy a House With...
Purchasing a home with a partner or friend can halve the down payment burden, but careful planning and clear agreements are essential. Discuss how mortgage loan payments, maintenance, and other expenses will be shared, and consider involving a lawyer to draft a co-ownership agreement that protects...
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sale to happen. In a way, they’re right – there are fees the seller has to pay to sell a house. But none of those fees should be due before closing. If they want you to pay in advance, be suspicious. If something seems off, consulting with a real estate lawyer is a good ...
In some states, a lawyer is required to be part of any real estate transaction. If the seller rejects your offer, you might make a counteroffer or walk away; it depends on why they turned you down. If the seller counters, talk it out with your agent to decide whether to accept or ...
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The first stepis to be clear on what itis you’re buying.When you purchase any apartment anywhere, you usually sign up to pay a share of the cost of running and maintaining the building, whatever that may be — but unlike with a house, you don’t have total control over these. On ...
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Due to the complex nature of the Moroccan property registration and ownership system, it is highly advisable for the buyer to hire a lawyer to represent him. Legal fees are negotiable, ranging from 1.00% to 5.00% of the property value plus 10% VAT. Registration Duties:A registration duty ...
Do I Need a Lawyer to Buy a House? Buying a house isn't as simple as handing over your credit card and taking home your purchase. Homebuying (and selling, for that matter) is a complicated legal transaction subject to state and local regulations. An experienced real estate lawyer can gui...