Can you buy a house on a golf course?

As a Rochester NY real estate agent , anytime a buyer is considering the purchase of a home that’s located on a golf course, I recommend they evaluate and weigh all the PROs and CONs. In this article you’re going to find out what the PROs and CONs are to buying a home that’s located on a golf course.

Can a HomePath property be in good condition?

Though HomePath properties are usually in better condition than other foreclosures, there is still no guarantee that you’re getting a well-maintained home. Someone who has defaulted on their payments may not be motivated or able to keep the home in the best condition.

What do you need to know about buying a property with tenants?

Usually, when you buy an investment property, it’s vacant. Investors often have to fix it up to put it in rent-ready condition for tenants. Some properties, however, sell with tenants living in them already. This means several things for you: The home should be in good, habitable condition, considering there are already tenants in it.

What are the steps to buying a house in Scotland?

This guide walks you through 25 steps to buying a home, including timescales. The process is slightly different in Scotland. For the 25 steps to buying a home in Scotland, see our full guide. 25 home buying steps, incl… For info on what Brexit could mean for mortgage rates, see our Brexit Guide. How long does it take to buy a house?

What should I include in the basis of my property?

The following items are some of the settlement fees or closing costs you can include in the basis of your property. Abstract fees (abstract of title fees). Charges for installing utility services. Legal fees (including title search and preparation of the sales contract and deed). Recording fees.

When is a property considered a common law property?

In common law property states, property that is acquired by one spouse is considered their sole property unless the title or deed carries both spouses’ names. Nine states are community property states, where marital property acquired during the marriage is owned by both spouses equally.

What happens to the property purchased before marriage?

Should the union end and the couple files for legal separation or annulment, the properties purchased before marriage go back to being solely owned by the respective original owners. The husband or the wife can also freely dispose any of his/her exclusive properties acquired prior to marriage without any consent from the estranged party.

How are real estate taxes treated on a cost basis?

If you buy real property, certain fees and other expenses become part of your cost basis in the property. Real estate taxes. If you pay real estate taxes the seller owed on real property you bought, and the seller didn’t reimburse you, treat those taxes as part of your basis.