Buying or selling a piece of real estate in Rhode Island will involve signing a contract. There are certain elements that each real estate contract must have in order to be considered legally valid. If you are the one selling the property, you will need to ensure that...
Real Estate
Understanding a sales and purchase agreement
A sales and purchase agreement (SPA) ensures that a sale and purchase in Rhode Island is valid and legally enforceable between the seller and buyer. The terms of the agreement allow a buyer to understand his or her responsibilities before agreeing to make a deal. The...
Selling a home that has a mortgage
Several reasons may prompt someone to sell their home, such as seeing the market become hot. Selling a Rhode Island property might not be too difficult when the title is free and clear. However, some other concerns may arise when there's a balance remaining on the...
What to expect when closing on a home purchase
You don't take possession of a Rhode Island home immediately after your offer to purchase it is accepted. Instead, it is merely one of many steps that must be taken before the transaction officially closes. Let's take a closer look at what actually happens on closing...
Tips for buying your first home in Rhode Island
First-time homebuyers might be excited and overwhelmed by everything they have to do to successfully purchase a home in the state of Rhode Island. While the process can seem large and intimidating, it’s worth it to live in a home you love. What should you do before...
Handling a boundary dispute
A boundary dispute happens when neighbors can't agree on a property line. People should handle boundary disputes as efficiently as possible to avoid encroachment and trespassing. Boundary disputes erupt between large amounts of land because there aren't always...
What are the necessary disclosures when selling a home
There is a lot more that goes into selling your Rhode Island home than just putting it up for sale. Residents who are unfamiliar with residential real estate might not be aware of all the necessary disclosures and rules they have to comply with during the sale. What...
Negotiating a rental lease buyout
There are several methods that you can use in order to modify a lease purchase agreement in Rhode Island. This is due to the fact that renting to own gives you the privilege of buying the home when the lease is up. You can lease with an option to buy. You can also...
What to know before buying that vacation home
While there are plenty of benefits to owning a vacation home in Rhode Island, it also takes a considerable amount of time and energy. This is such a major life decision with so much at stake that you may be eager to use your vacation home by the time you've closed the...
What is title insurance and do you need it in Rhode Island?
If you are like most people in Rhode Island, your home will be one of the most important purchases you can make in your lifetime, so it's only fitting to protect that investment from financial losses and any other disputes that might arise in the future. That's where...