Understanding real estate contracts is hard enough that there is an entire profession dedicated to managing these transactions. Many people work with a real estate professional and a legal one to give themselves as much protection as possible. Sellers want to have...
Real Estate Transactions
When can the state take your home through eminent domain?
If you are like most middle-class Americans, your home is the most valuable thing you have, other than perhaps retirement savings. You probably spend a significant amount of your income paying your mortgage and a lot of your time maintaining and upgrading your home....
Selling your home? Avoid these three mistakes.
When families decide to move out of their starter home, they often face a lot of stress they did not expect. Trying to sell one home while buying another can be an overwhelming process.That is why there are a few things sellers must keep in mind when they approach...
What should buyers do before buying a fixer-upper?
Thanks to the popularity of reality television, many families looking to purchase a home wish to find a “fixer-upper.” After all, it certainly brings a sense of accomplishment and meaning to a new home when families can fix it up and make it their...
When can sellers pursue a short sale?
Nowadays, debt is almost an inevitable part of everyday life. Many young people start accruing debt when they attend college. In the years after that, many people also accumulate debt when they purchase a home of their own as they reach landmarks in their personal and...
Business owners: Understand the lease before you sign
Most business owners know that their location can play a considerable role in their business’s success. That is why business owners take time to evaluate several factors of the location, including the consumer demographics, the accessibility to this area and of...
New report: Home prices still below 2006 peak
The Great Recession had many negative impacts on individuals’ personal finances, the job market and especially the housing market between the years of 2007 and 2009. In the last decade, the national economy has slowly begun to grow and improve again.However, a...
Could eminent domain reform be coming to Connecticut?
Most people across Connecticut still remember the eminent domain dispute that resulted in the 2005 Supreme Court case of Kelo v. City of New London. It caught the attention of the entire nation when Susette Kelo’s property was seized by the city for public...
Planned community’s HOA takes center stage during holidays
It’s not the Grinch that is seeking to steal Christmas.It’s the homeowners association. We impliedly refer to what is commonly termed an HOA on our website at the experienced New Haven real estate law firm of Berdon, Young & Margolis. We spotlight...
What do experts say about the U.S. real estate market?
Real estate in Connecticut and nationally is a complex topic, being marked with both challenges and opportunities.That has always been true, of course, given the sheer expanse of the United States, its people-on-the-go nature and an American reality grounded by...