TC Blog
FSBOs: Tips For Selling Real Estate
If you’re planning to sell real estate – whether a condo, single-family home, vacant land, or other type of property – chances are you’d prefer to do it quickly and for the highest price. By offering your property “For Sale By Owner” (FSBO), you save on real estate...
Limited Scope Legal Services for Real Estate Transactions
Timely Contract uses limited-scope legal solutions to meet the legal needs of the residential transactional marketplace. What is a limited-scope legal service? A limited-scope legal service limits the scope of the legal service provided by the attorney to exactly what...
Tenants in Common
When real property is owned by a single owner, the owner is said to have ownership in severalty. For many of you, this may be a new word, but you can remember it by thinking of the word "severed." When you have ownership in severalty, you are severed, or separate from...
Title Insurance Basics
To understand what title insurance is, it helps to understand what title is. Broadly defined, title includes the right to possess, to build, to exclude others, and the right to sell. Title to land can be affected in any number of ways. The County Recorder’s Office is...
Buyer Representation Agreements
Buyer's Agents spend a lot of time showing homes. It's part of the real estate business. Buyer's Agents are 100% commission-based and rely on their business acumen, excellent people skills, and the good will of the buyer to earn a living. Many Agents would prefer more...
TC Solutions for Complex Problems
It's no secret that government is big and getting bigger. What if you want to build an addition on your home? In most areas of the United States, you'll have to undertake time-consuming and expensive processes to gain government approval. I’m not talking about permit...
Due Diligence For Purchasing Real Estate Outside a Municipality
When buying a home in a platted subdivision, especially in an older subdivision, there are far fewer due diligence concerns than there are when one is buying a property outside of a municipality. Outside of a municipality, many circumstances can impede title,...
Due Diligence When Buying in an HOA
When buying a home or condominium subject to governance by a homeowner's association (HOA), there are a few more documents you'll want to review beyond those found in Schedule II B of your preliminary title report and others found at federal, Tribal, State, or local...
Calendaring Considerations for Legal Due Diligence
There are many calendaring considerations during the real estate transaction. At the risk of exaggerating, the one that gets overlooked the most and is most responsible for turning real estate dreams into nightmares is that of the Inspection Period. Inspection Period...
Buying Real Estate in Montana
Each State differs with regard to laws, rules, and regulations governing real property transactions. Below are factors to consider when buying or selling real estate in Montana. Legal Due Diligence in Montana Unless buying a home in a platted subdivision, a Buyer is...
Special Exceptions To Title Insurance For Real Estate
Title insurance insures against risks associated with the transfer of real property. However, if you've ever had the pleasure of reading through a title insurance policy, you'll know that not all risks to title are covered. Although Buyers don't need to be experts in...
What is a Title Search In Real Estate
A title search, also known as a preliminary title report, is critical information to have when buying real property. A title search identifies critical information regarding a particular parcel, information that usually is invisible to the naked eye but that affects...