Real Estate Transactions

A real estate transaction is typically the largest and most expensive transaction most people ever encounter. With so much at stake, it only makes sense to give all real estate transactions the specialized attention required to ensure legality and fairness and to ensure the rights of all involved protected before,

For some people, the buying or selling of property may be the biggest financial transaction in which they are ever involved. Real estate transactions are typically high-value exchanges, and they can also be an emotional decision. Because of what all is at stake and the complications that can arise, it is important

For most, a real estate transaction can be the biggest financial transaction they pursue. Whether a person or family is on the buying side or selling side, real estate transactions in Michigan can benefit from the support and guidance of legal professionals. While each transaction can be vastly different, there

Owning and renting a vacation home anywhere may not be all it is cracked up to be for either the owner or the renter, especially when disputes or disagreements arise and adequate legal protection is not in place. Having clear expectations as to the landlord/tenant relationship and agreements can help

Purchasing a home is a big financial move for anybody to make, and it is important to do one’s homework so as to avoid problems after the transaction is complete. For those looking to purchase a home, getting a good inspection is important since a properly trained inspector can help

When an owner of a Michigan commercial property is in a transaction to lease the property to a business, there are many things that can be very important for the property owner. One is having a strong commercial lease agreement that properly protects their rights and interests and is enforceable.

In a real estate deal, one incredibly important document is the purchase agreement. There are many different terms a real estate purchase agreement can contain. Such terms can touch on a wide range of different details regarding the transaction. In a real estate deal, every little detail has the potential

There are all sorts of things that can be issues in major real estate transactions. One such thing are easements. An easement is a nonpossessory right regarding a property owned by someone else. Most easements tend to involve the right to use a portion of the land of another. One

Whenever a Michigan resident plans to engage in purchases and sales of real estate property it is wise to go over a few important questions with one’s real estate agent. Not all real estate agents will cross all their t’s and dot all their i’s, and not all real estate

If you are thinking of buying a new home in Michigan, the condition of the home is vastly important for numerous reasons. Of course, you want the home to be in good condition just so that you can be comfortable living there without having to do much work, but it

An interesting lighthouse property is up for auction near Mackinac Island, Michigan. Historically, the lighthouse, which opened in 1948, marked the maritime passage between Round Island and Mackinac Island in Lake Huron. The lighthouse is still in operation, and the U.S. Coastguard will continue to maintain its solar panel powered

Developers are eying East Lansing, Michigan, for the construction of apartment complexes and numerous projects are already underway. The target market they are seeking to profit from in their purchases and sales and development projects are students. Developers are adding fitness centers, basketball courts, study lounges and tanning beds to

As real estate markets in Michigan and the rest of the country improve, new real estate offices and residential and commercial real estate investment opportunities are popping up all over the place. Indeed, in recent events, Sotheby’s International Reality has announced the opening of a new real estate office in

The economic recession hit the United States hard, but some areas of the country suffered more than others did. One such area was the Detroit-metro area. However, a recent report by Crains Detroit Business shows that the same area is now seeing a boost in residential real estate sale prices.

When it comes to purchases and sales of Detroit area real estate, there is one historic building that numerous people have admired — and it used to be the headquarters of the Detroit Club. Built in 1892, the four-story building is made of red brick and stone and it was

Office space in downtown Grand Rapids, Michigan, became more popular during the first six months of 2014. Several buildings were bought and sold, and the owners of some buildings announced remodeling and/or repurposing plans. As a result, downtown Grand Rapids has been experiencing a minor boom and a rise in

A zoning change in the city of Grand Rapids could lead to a series of undesirable effects, according to residents in the area. The city commission is working to decide whether to permit purchases and sales of a corner lot on Seward Ave NW and Lake Michigan Drive. If approved,

Bedrock Real Estate Services recently announced the purchase of the building that’s home to the Detroit Media Partnership. The price of the Michigan investment property has not been disclosed. However, Detroit Media Partnership’s president expressed happiness about the sale and the fact that Bedrock will be the building’s new owner.

According to the real estate analysis firm Zillow, the number of cash real estate purchases has been dropping, even in Detroit, Michigan. This trend of cash purchases and sales being less prevalent can be seen all over the nation. It may be a sign that investor activity is fading and

Another prime piece of Michigan commercial real estate has been taken off the market. The sale of the CPA Building in Detroit’s Corktown was apparently closed at the end of May. The 11,000-square-foot property was on the market for more than 11 years before it sold. The property is located

Home prices in Michigan have increased a full 11.3 percent in April as compared to last year. Nevertheless, according to statistics related to purchases and sales of real estate, price gains have been slowing this year and sales may be faltering. Indeed, the 11.3 percent increase is the lowest annual

There are a number of important questions that individuals can ask before selecting a real estate agent. By asking these questions, Michigan investors can evaluate whether a particular agent is appropriate to represent them in their purchases and sales. Indeed, having the right representative on one’s side can often mean

A four-story office building in Detroit’s central business district sold for close to $2 million on May 6. The seller was asking $1.95 million for the 15,000-square-foot property, according to CoStar Group Inc. One of the buyers reported that the Library Street building sold for somewhere between $1.6 million and

A popular real estate blog has identified Midland to be one of the most diverse locations in the state of Michigan. Out of the 100 most popular locations in the state, Midland ranked third in terms of racial, age, education and income diversity. For any individual seeking commercial real estate

A joint venture between Hayman Co., and Belfor Holdings Inc., recently purchased two Michigan apartment complexes with a total of 1,022 units. The units, both one- and two-bedroom apartments, range from approximately 700 to 1,200 square feet. The two complexes part of the deal, The Pines of Cloverlane and Hamptons

A Detroit, Michigan, company which specializes in providing construction and aggregate materials in bulk quantities is presently seeking permission from the city of Detroit to create piles of bulk material up to 100 feet in height. Current city regulations restrict the stockpiling of bulk materials to eight feet. Zoning issues

A large industrial complex was recently sold in Michigan. According to the public details from the sale, the building is around 46,000 square feet, and it is located in Farmington Hills. The complex was sold by 200 Elm Realty, LLC, and the company that acquired the building was JR Investment

Colliers International|West Michigan gave attendees good news about the real estate market in Michigan during a breakfast held on Jan. 31. Commercial real estate in Western Michigan is growing, and this may mean that the market is on the upswing across the entire state. According to Colliers, the vacancy rate

More and more commercial real estate developers are coming to Michigan to capitalize on the amount of properties for sale. Among the recent purchases and sales is the 108-acre American Axle & Manufacturing Inc. manufacturing complex in Detroit. It has been sold to Industrial Realty Group LLC. According to the

The new Red Wings arena may be one step closer to construction after the developer in charge of the project agreed to hire from the local pool of Detroit residents. However, the City Council President wants more than a verbal agreement and is pushing for a more solid guarantee from