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Legal Checklists Before Selling A Home

Are you thinking of selling your home? Before beginning the process and posting a for sale sign, there are legal issues that you need to consider. If you are downsizing or upgrading, even if it is because of financial issues, you need to protect yourself from the unexpected pitfalls.

The first thing you must do before selling your home is to resolve liens, encumbrances and debts. Do not hide the debts. If you don't resolve the liens, it can and will appear on the title search and the deduction will follow on your sale.

The next step is to draft the agreement of home sale. It is important that you have open communication and clearly set the contracts and agreement.

The third step is to prepare and gather important needed documents. It is imperative to compile the documents related to the property.

Selling a home is not only about upgrading, preparing your home for sale and finding the right agent.  It is critical that you review the necessary legal checklists. Call Homes for Sale in Fort Worth TX for more information. Call now!

Real Estate Agent Vs Realtor

Potential Drawbacks in Buying a Home

Thinking of owning your own home? Do you know where to start? Do you understand fully the process of buying a home? Take a look at these potential drawbacks of buying a home:

1. Owning a home does come with high cost.    

1. Purchasing a home is a big part of your finances. Somethings to consider are your taxes, insurance and other unexpected expenses that may arise.

2. When you own a home you are responsible of the repair and maintenance.

1. Part of buying a home is the repair and maintenance of it. For example when you experience leaky roof, broken faucets, and other possible repairs that you may be facing.
2. A lot of new subdivision utilize HOA that also may require certain home maintenance and upkeep

3.  Decreased Mobility.

1. When you own a home, you can’t just leave your home and  move, you would have to sell it and we all know that home selling is also a complex process.  

4. Foreclosure is possible

1. Foreclosure comes when you fail to pay for the monthly mortgage, this can be lead to you losing your home.  

Owning a home requires a lot of effort, time and money. If you are a first time buyer or a repeater, and need guidance with these potential downsides in buying a home. Call homes for sale in Fort Worth TX. We will  help you through the home buying process, we can guide you and provide you a better home buying experience.