Purchasing Real Estate with Cryptocurrency

 

Is cryptocurrency the moolah of the future? Is it even real?

It’s becoming increasingly apparent that crypto is here to stay.

But can something so seemingly abstract be used to buy something as concrete and tangible as real estate? Technically… yes. If the agreement is made between buyer and seller on this consideration, it is feasible.

However, of course there are hurdles because of the taboo surrounding it. Mainly, obtaining loans and title insurance is nearly impossible with a crypto purchase, unless it gets transferred into cash first.

Right now there are lots of restrictions, but it may not stay that way forever. To find out a bit more on cryptocurrency as an asset, check out the video.

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.

Seller Strategy

The spring housing market is revving up… it’s time to sell! But where should you start?

There are many careful considerations in this process. Because every situation is unique and different, you want to be sure to surround yourself with professionals you can trust. In addition to your listing agent, you’ll want an attorney on your team to guide the legal parts of the process, particularly all the essential documents.

Mark has been using Calendly to connect with people who have questions about where to start. Truthfully, the first step is to strategize.

Visit calendly.com/mstiles to schedule a no commitment strategy call and talk it through so you can get the ball rolling.

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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.

ALTA Settlement Statement Overview (MA)

 

If you’re buying or selling residential real estate in MA, you’re likely going to be seeing an American Land Title Association (or ALTA) settlement statement. Its purpose is to explain all of the money transferring hands in your transaction in the form of direct payments, loans, and adjustments. Everything is separated between the borrower/buyer and seller in different sections with labels on each column and row.

Pay special attention to loan fees and impound charges (aka escrows) which exist to approve the buyer and protect the lender, respectively.

Don’t forget there are charges associated with selling! Check out our more in-depth video on this topic, linked in the video above.

If you have any further questions about ALTA settlement statements or other documents, 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.

So You Got an Offer Above Asking?

 

If you know anyone looking to buy a home or working in real estate right now you probably know about the current discrepancy between buyers and houses to buy. Many sellers are receiving multiple offers, often even above asking price because the inventory is so low. But sellers beware… lenders will base their allowance on the appraisal of the home. Remember that all contingencies must be clear in your contract in order to avoid problems on getting a deal through.

If you have any questions about choosing the right buyer, contact us by calling (781) 319-1900.

Copyright © 2019 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.