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...
Real Estate
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...
Understanding net commercial leases
People who are opening a business or looking for a new space for their company may be interested in leasing a building. Someone who’s never handled a commercial lease before may not realize that these are much different from residential leases. One thing that’s much...
Is it better to build or buy your home?
Home sales in North Dakota and across the country went up in 2020. For most people, choosing a new home means answering a lot of tough questions. For example, people need to decide whether they want to buy an existing house or buy some land and build the home of their...
Waiting periods to get mortgages after bankruptcy
Chapter 7 bankruptcy helps debtors in North Dakota ease the burden of debt by converting assets to cash to repay creditors. At the end of the bankruptcy, the debtor can get a discharge of their remaining debts. However, filing for bankruptcy often impacts credit...
How can you apply for a commercial real estate loan?
For most small business owners in North Dakota, buying real estate can be an important step in growing their business and reaching new customers. Unfortunately, most people don't have hundreds of thousands of dollars on hand, which means they'll have to take out a...