On behalf of Lang Law Office posted in Residential Real Estate on Monday, February 01, 2016.

When you buy property, what exactly do you buy? Do you buy what is on the ground, like trees and rocks, as well as what is in the ground, like, say, shale and water? Law students — and real estate professionals, come to think of it — learn to refer to property rights as a… Read more »

On behalf of Lang Law Office posted in Residential Real Estate on Thursday, January 21, 2016.

We are talking about the residential real estate market and brokerage firm Redfin’s predictions for 2016. Please note, Redfin is just one brokerage that does this kind of analysis. RealtyTrac, CoreLogic and many other companies also monitor market trends and publish regular reports. There are usually minor differences in the data, but they tend to… Read more »

On behalf of Lang Law Office posted in Residential Real Estate on Thursday, January 21, 2016.

It is hard to imagine shopping for a new house — much less moving — during a Minnesota January. Boots and scarves and down-filled everything can be just too cumbersome and sloppy to deal with to convince most of us to make the rounds of houses for sale. So now seems the perfect time to… Read more »

On behalf of Lang Law Office posted in Residential Real Estate on Thursday, January 21, 2016.

A lender will not approve a mortgage loan without a property appraisal (that the purchaser generally pays for). Lenders like to say that the appraisal protects both lender and homebuyer: The former wants to make sure that it will recoup its investment if the buyer defaults, while the latter wants to know that he will… Read more »