Can I Hold Title?

Often when people mention “title,” they’re referring to the chain of title—or the record of owners on the deed of a particular property dating back to the dawn of its time.

Sometimes there might be a situation in which multiple people are buying one property together, but not all of them are borrowers. So can you have an owner who is not a borrower along with an owner who is a borrower listed on the same deed?

Watch this week’s video to find out!

You can always contact Stiles Law by calling (781) 319-1900.

Copyright © 2021 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.

Can’t I Just Sell My House on My Own?

Now is a great time to sell, don’t get us wrong, but tackling it by yourself is never the best idea. Are you fully equipped on your own to deal with and understand contingencies and clauses? Marketing your property? Capital gains? Analyzing multiple offers? Title? It’s overwhelming, and you’re bound to let some things slip through the cracks along the way. Instead, consider finding a team of professionals to support you through the selling process.

We’re always here to help. Visit Calendly.com/mstiles to schedule a no-commitment strategy call.

You can always contact Stiles Law by calling (781) 319-1900.

Copyright © 2021 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.

Could Suitable Housing Contingencies Increase Inventory?

Historically speaking, now is the time to get the best value out of your home, but people are scared. They may want to sell, but they’re afraid to leave because inventory is low and they don’t want to be caught with nowhere to go, so they don’t leave. And because of that, inventory stays low. It’s a vicious cycle. How do we loosen up the inventory?

Sellers should be made aware of the options they have that might suit their needs. For many people, it’s not always practical to buy before you sell, rent for a period of time or stay in a vacation home temporarily. The option of a sale-leaseback presents its own challenges, especially when it comes to lenders.

A suitable housing contingency could be the answer you need to feel protected. Sometimes buyers are willing to wait for an agreed-upon amount of time to give you an opportunity to find your own property to purchase, with the assurance that they can be reimbursed if something goes wrong.

Finally, always remember to collect a trusted team of real estate professionals around you to guide and advocate for you.

Strategize and find solutions @ calendly.com/mstiles You can always contact Stiles Law by calling (781) 319-1900.

Copyright © 2021 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.

How to Buy Your Dream Home in 2021

 

With the current status of the real estate market, buying a home might feel like a losing game. But it’s not impossible to succeed. How can you get your offer accepted?

Teamwork really does make the dream work. You need advocates in the form of a buyer’s agent, a loan officer and a closing attorney. These are professionals who can support and advise you through the process while making your offer stronger.

Consider the seller’s needs, appraisal gap coverage and an escalation clause to boost your appeal as well.

You can always add a personal touch to try and stand out. Your best bet is to be strategic and give it everything you’ve got. If it doesn’t work out, maybe it just wasn’t meant to be, but at least you’ll know you put your best foot forward.

We can help! Start at calendly.com/mstiles and you can get connected with the right attorney for you.

You can always contact Stiles Law by calling (781) 319-1900.

Copyright © 2021 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.

How to Deal with Offers Over Asking

These days, selling a home can feel like hosting an auction. There are more buyers than sellers, and the inventory is at an all-time low. Although you may receive offers way over asking price, there are some things to pay close attention to in order to ensure a successful transaction.

You should negotiate terms into the offer to protect yourself as a seller.

Most buyers are going to need financing. The loan-to-value ratio scale that lenders use is based on the listing price OR the appraised price—whichever is lower. So the borrower may only be able to secure 80% of a value that doesn’t necessarily match their offer price.

Make sure your buyer understands they may be fully responsible for the difference out of pocket. Be transparent to make sure your closing happens without unfortunate surprises.

To schedule a time to strategize, visit: Calendly.com/mstiles

You can always contact Stiles Law by calling (781) 319-1900 or visit https://stiles-law.com.

Copyright © 2021 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.