The real estate industry changes constantly. While things like rates and loan products seem to evolve constantly, every few years something major will change that has a major effect on the industry. Every now and then, there will be perhaps a new version of the state contract or a new addendum that pops up. Things like this are perfectly fine as they are improved or developed to better serve our clients and they take very little time to acclimate to. However, some times there are major changes that can stunt the whole industry for a short period of time. Recently, it was revealed that we will be using an entirely new closing procedure when buying or selling a home. This was also designed to protect both buyers and sellers after many were unaware of their predatory loans in the mid-2000's. Rather than using the HUD-1 as the closing document that were all so used to, we will not be shifting to a new document and disclosures process. This process will take a little bit longer to get through than the old HUD-1, but it gives buyers much more transparency when it comes to their loan product. This blog post is all about the new RESPA-TILA activity and the new closing processes that have sprung from it. Remember me if you're interested in buying or selling residential, commercial or investment real estate in Charleston, SC.
Being a landlord isn't as easy as it may seem. I know when I was a renter, I felt like my landlords would just sit back and wait for a fat check every 30 days. Now that I am a landlord myself, I know that not to be true. Being a landlord is just like any other business and it requires a lot of calculations and foresight. Of course, there are a lot of repairs and maintenance to be had, as well. But, the most nerve-wracking stuff to need to consider are all of the laws and legalities associated with leasing real estate. There is a pantheon of rules and regulations regarding leasing out properties. This post does not touch on everything that's out there, but we do expound 7 major laws that are very important for landlords to be familiar with. Remember me if you're interested in buying or selling residential, commercial or investment real estate in Charleston, SC.
There is a lot of confusion about the difference between a real estate agent and Realtor. A real estate agent is one who is licensed with their state's LLR and real estate board in order to broker real estate. A Realtor is one who has completed those steps and then further joined the National Association of Realtors in order to hold themselves to a higher standard of professional standards and ethics. If you're in need of a Realtor in Charleston, SC, please feel free to contact me.