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Real Estate Transactions Archives

Short sales: Beneficial to all involved

Short sales can be beneficial for a person whose mortgage is underwater. The short sale helps the individual sell the home without taking a loss, and the mortgage company gets more money than if it were to sell the home as a foreclosure. The lender forgives any remaining balance on the loan, which helps the seller move forward without excessive debt.

Apartment rental rates skyrocket in parts of Charlotte

If you're interested in purchasing property to rent out and have considered looking outside the state, you want to know that you're renting in an area where you'll make the biggest bang for your buck. In the neighboring North Carolina, Charlotte has many areas you may be interested in, some of which have some of the highest apartment rental rates in all of the state.

Why should you work with an attorney to complete a property sale?

You might be asking yourself why you'd want to work with an attorney when you're buying or selling a home, and the answer is simple. If you make a mistake, it could ruin your transaction now or complicate it in the future.

Here's why a home inspection is so important for new homeowners

You're prepared to spend a large amount of money on the right home, but is everything as it appears? There are horror stories of people who purchase properties that look attractive but end up damaged and falling apart just months after the purchase goes through. How can you protect yourself against this kind of financial mistake? Your attorney should be able to help you add a clause to your purchasing contract that states what happens if the home was misrepresented or if certain things end up being wrong after you agree to buy the home.

You deserve protection when selling or buying a home

When you buy a home or sell a home, it's always a good idea to work with an attorney who has experience in real estate law. Real estate laws change, and it's important to know that you've done everything in your power to complete a legal sale or purchase. With an attorney, you can verify contracts and make sure you're getting the best deal.

Foreclosures dip even lower for the end of 2016

Here's some great news for South Carolina. The number of foreclosures that took place in 2016 were down 37 percent from 2015. In November, it was reported that 1,545 homes were in foreclosure or some stage of foreclosure, close to a 43 percent drop from October. On the whole, that means that only one out of every 1,398 homes in South Carolina was entering into or in foreclosure at the time of the data collection.

What is a contingency?

Before you purchase a home, there are a number of contingencies to consider. When you're considering a purchase, you can have these contingencies written into your purchase agreement or may find the seller had them included. For instance, one contingency may state a particular amount of time that must pass between you signing the contract and the closing of the deal. With that period, you'll have time to satisfy any other contingencies the seller makes, and the seller has time to satisfy any conditions you've requested. If the contingencies aren't met, the sale can be canceled.

You can move your home sale along quickly without legal errors

If you think you don't need a lawyer when you're selling your home, you are likely mistaken. This is the largest sale that you're likely to make in your lifetime; it has the potential to make you money if it goes through correctly. There are a number of legal mistakes you could make if you're unfamiliar with real estate law, and they could result in a delayed sale or even the loss of a sale. Here's some important information on who you may want to work with.

How a real estate transaction works: Tips for a smooth purchase

Buying or selling property can be difficult and confusing, but your attorney is trained to help you make sure contracts and negotiations go smoothly. To start with, you'll want to make an offer on the home or business you want. At that point, you need to take legally binding steps to get the home, so creating a contract is important. Sometimes, a contract is already in place, but you should always have your attorney review it.

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Visit Weeks & Irvine at One of Our Six Locations

North Charleston office 8086-B Rivers Avenue
North Charleston, SC 29406
Phone: 843-553-9800
Toll Free: 800-553-7449
Fax: 843-553-9804
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Mt. Pleasant office
1100 Queensborough Blvd, Suite 102
Mt. Pleasant, SC 29464
Phone: 843-856-9800
Toll Free: 800-553-7449
Fax: 843-216-0930
Map and Directions

Mt. Pleasant North office
3040 Highway 17-A North, Suite B
Mt. Pleasant, SC 29466
Phone: 843-388-3250
Toll Free: 800-553-7449
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West Ashley office
873 Orleans Road, Suite 102 1/2
Charleston, SC 29407
Phone: 843-571-2996
Toll Free: 800-553-7449
Fax: 843-571-2998
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Summerville office
106 West 7th North St
Summerville, SC 29483
Phone: 843-875-7111
Toll Free: 800-553-7449
Fax: 843-875-7721
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Goose Creek office
567 Crowfield Blvd.
Goose Creek, SC 29445
Phone: 843-553-9100
Toll Free: 800-553-7449
Fax 843-553-9183
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