A sources and uses budget at the beginning of a transaction can help a buyer determine the amount of equity it needs at the closing table.
Read MoreAlthough title companies, lenders, and contracting parties may be able to continue business by telecommuting during the coronavirus pandemic, they still may need to adapt and change their closing checklists to assure that closings go forward as planned.
Read MoreAt every real estate closing, the buyer pays for the real property, and title changes hands, but some real estate closings require many additional documents.
Read MoreDuring the time between the end of the due diligence inspection period and the closing, parties to a real estate transaction prepare for the closing, but they also must be sure that unexpected developments don't derail the transaction.
Read MoreReal estate transactions can be broken into seven standard parts. Despite this, each transaction is as different as the parcel of real estate being purchased.
Read MoreSight-reading is a crucial skill for a professional musician. Many auditions include a sight-reading “test,” to see whether the musician can perform at a high level with little rehearsal time. When reviewing real estate contracts, many people act like an inexperienced musician sight-reading music.
Read MoreRecently, while in the midst of a managing a complicated commercial real estate closing, I took a few hours off to attend an orchestra concert. During intermission, while orchestra took a break, a string quartet played in the lobby. It was then that I realized that the typical commercial real estate transaction frequently has at least 15 different roles and is much more like an orchestra than a string quartet.
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