By Living Room Realty, December 8, 2020
Dylan and Nicole won this little cutie, out of multiple competing bids, and look at the size of that yard! Being first time home buyers can be daunting, especially when decisions need to be made swiftly! Bring in the pandemic and it adds even more challenges. Buyers don’t get the opportunity to see the house multiple times, especially when the home is still occupied by its owner. So communication is a MUST, sometimes multiple times a day.
These two were champs, we exceeded our deadlines (and so did the lender..which is rare!), and the appraisal even came in OVER our sales price. That’s news I don’t get to share often! One other step these particular clients chose to take is meeting with an attorney in order to spell out their legal rights, relating to this property. They aren’t married or in a domestic partnership, and only one of them is on the loan. So, naturally, the other party wants to insure their portion of ownership is safe, and in writing. Meeting with an estate/family law attorney is such a smart move when purchasing real estate with someone who is not related to you. It’s nice to assume you’ll be “together forever,” or “friends forever,” but life happens. What if things fall apart? I don’t like to mar such an exciting part of life (purchasing your first home) by bringing up the opposition, but it’s a reality we all have to face, especially when protecting our financial investments.
Dylan and Nicole can now move forward, and have one less thing to worry about, knowing that BOTH of their interests are protected. Cheers to them! I wish them a lifetime of happiness and many more successful investments together! Shout out if you need a few recommendations for an estate/family law attorney. They are worth every penny!
