Inheriting a home from a loved one can be blessing – particularly if you can make it your family home. It’s even better if the mortgage is paid off so that you can own it “free and clear.” Even if you have no interest in living in it or using it as a rental or...
Real Estate
6 common real estate title issues
When you’re buying a new home, you’re about to embark on a whole new chapter of your life – but you can’t get started until all the previous chapters in the home’s story are closed. When there are issues on a property’s title that aren’t fully resolved, both buyers...
3 types of commercial leases
Finding a commercial space for your business often takes considerable work. You have to find a good location that has most, if not all, of the items important to your company. Once you find the ideal location and a place to lease, you have the challenge of negotiating...
How can buyers avoid an appraisal gap that prevents a closing?
Sometimes real estate transactions fall through before they reach the closing table. After prices surged in recent years, a large number of hopeful buyers have had their dreams destroyed by an appraisal gap. An appraisal gap occurs when the offered price is higher...
Is it better to buy or lease commercial real estate?
If you have the capital available, you might be thinking about whether it’s a good idea to buy a piece of commercial real estate as opposed to leasing one. The answer will always be dependent on what’s right for you and what your wants and needs are. With pros and...
What amounts to an illegal eviction?
You may have a tenant you want out of your property for various reasons, like defaulting on rent or violating terms of the lease agreement. However, you must follow the law during the eviction of a tenant even when you have valid grounds for wanting them out. It is...
Can a seller lie about the condition of a home in North Dakota?
For the average resident in North Dakota, there will be no single transaction that they complete with a higher financial value than a residential real estate purchase. People exchange hundreds of thousands of dollars in return for property and buildings, which means...
Buying a home with business in mind? Be cautious
If you run a small business and have thought about purchasing a home that you could run the business out of, you need to be cautious about how you proceed. Depending on the kind of business you run and the activities that go on there, you may not be able to use a...
How can farmers protect their property from divorce or creditors?
Real estate holdings are often the most valuable assets people have. Especially when you make your living off of the land as a farmer or rancher, your North Dakota property represents not just ongoing financial investments but also your future financial stability. No...
How do you protect your earnest money when buying a home?
Buying a home is a complicated process. Even when you know immediately that a home is the right property for your family, it will still likely be a few weeks at the very least before you will close on the property and take possession. Many real estate transactions...