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real estate
Buyers are often told to obtain an inspection of a property they are purchasing. However, the nuances of what types of inspections or tests to ask for, how to review the inspection reports and how to negotiate for repairs with the Seller are not always clear. In this blog, we will discuss how different inspection...
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What is a home warranty? If you are in the process of purchasing a new home, or have just purchased one, you may have encountered offers for a home warranty – but what exactly is a home warranty? Home warranties provide discounted repair and/or replacement services for components within your home, such as your heating,...
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Many of us have thought about and initiated plans for what will happen with our assets when we pass. However, it is important to consider whether those plans have unintended consequences. In this blog, we break down some of the most common estate planning mistakes that we see in the office and why hiring an...
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Is an inspection an automatic buyer right in Wisconsin? No. Buyers can only conduct an inspection if they ask for one as part of their offer to purchase. There are two ways to do this. A buyer can request an inspection under the inspection contingency, which gives the buyer certain rights if the inspection discloses...
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I bought a house with my significant other; we were never married, and now we broke up. What happens to the house? This situation is quite common – property is often bought jointly, with both party’s names on the title. (See our blog “Ways to Take Title to Real Estate” for more info). For example,...
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What is a land contract? Land contracts are written agreements between a buyer and seller of real estate in which the seller provides financing to the buyer on agreed upon terms. The property under the contract can range anywhere from vacant land to an apartment building. Once the parties have executed their agreement and the...
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Woman holding hands near figures of house and family on wooden background, top view
Purchasing a home is usually one of the largest purchases individuals make during their lifetimes. Special care and consideration should be given to choosing any home – but especially a first home. It is likely that your first home will not be your forever home and therefore, when you eventually go to sell that first...
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What You Should Know About The National Association of Realtors (NAR) Settlement In 2019, a class action lawsuit was filed against the National Association of Realtors (NAR) and other national brokerage firms alleging that NAR’s rule (which required brokers to advertise on the Multiple Listing Service (MLS) that a seller would compensate the buyer’s agent)...
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Wisconsin real estate attorney
In the earlier series on real estate closing, Wynn at Law, LLC mentioned easements. In fact, we bring up the topic every time we review a title or write an article about one. The reason is simple, just like the old proverb that good fences make good neighbors: Clearly defined easements keep property owners out...
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real estate attorney closing sale document
.Part I of this short series on real estate transactions (read it here) talked about the title to the property. We saved title insurance for Part II. It’s its own animal. Title insurance protects the buyer and the mortgage lender in the event a future problem is found with the title. Having an experienced Wisconsin...
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