When buying a home, you might have heard the phrase "buyer beware." But what does this phrase mean? Traditionally, "buyer beware" came from the Latin term "caveat emptor." This common law doctrine places responsibility on a buyer when making a purchase, assuming the...
Residential Real Estate
Spot a lemon house before it is too late
On Behalf of The Law Office of Timothy H. Nichols, PLLC | Oct 14, 2024 | Residential Real Estate
Buying a home is often the largest investment most people will make in their lifetime. So, the last thing any homebuyer wants is to discover they have purchased a "lemon house" or a property plagued with hidden defects that can drain your finances and dampen your...
Handling poorly done repairs before closing on a home
On Behalf of The Law Office of Timothy H. Nichols, PLLC | Jun 30, 2024 | Residential Real Estate
Buying a home is a significant investment, so you expect it to be in good condition when you close the deal. Sometimes, sellers might agree to make repairs before closing, but these repairs end up being poorly done. If you find yourself in this frustrating situation,...
How homebuyers can detect foundation issues
On Behalf of The Law Office of Timothy H. Nichols, PLLC | Apr 3, 2024 | Residential Real Estate
Buying a home requires a significant investment. As a result, you must ensure that the investment is sound. One area to investigate is the property's foundation. Foundation issues can cause many problems in a home, so buyers must look for signs of trouble. Exterior...
4 ways you may lose your earnest money when buying a home
On Behalf of The Law Office of Timothy H. Nichols, PLLC | Mar 21, 2024 | Blog, Residential Real Estate
When buying a home in Tennessee, earnest money acts as a good faith deposit, demonstrating to the seller that you are serious about the purchase. This money usually goes towards your down payment and closing costs if the sale proceeds. However, certain situations can...
4 reasons to do a title search before buying a new home
On Behalf of The Law Office of Timothy H. Nichols, PLLC | Feb 5, 2024 | Blog, Residential Real Estate
When purchasing a new home, it is easy to get caught up in the excitement of finding your dream property. Prior to signing the dotted line, it is important to conduct a title search. It is an investigation into the history of a property's ownership to ensure there are...
The impact of zoning on real estate property
On Behalf of The Law Office of Timothy H. Nichols, PLLC | Oct 20, 2023 | Commercial Real Estate, Residential Real Estate
Municipal authorities and the local government establish zoning guidelines to govern land usage in particular geographic areas. Zoning laws define and limit what property owners can do with their land based on its location and zone classification. Tennessee has...
What does “as-is” mean in real estate?
On Behalf of The Law Office of Timothy H. Nichols, PLLC | Oct 11, 2023 | Blog, Residential Real Estate
According to Redfin, August 2023 saw a 5.9% increase in prices over 2022. The market has been quite volatile, with many buyers taking major risks to secure homes. The term "as-is" in real estate listings and contracts is becoming more prominent. But what does it mean...
Real estate: Do you need a lawyer if you already have an agent?
On Behalf of The Law Office of Timothy H. Nichols, PLLC | Sep 29, 2023 | Commercial Real Estate, Residential Real Estate
Purchasing real estate is always a big deal, whether you are a first-time home buyer or an experienced real estate developer. Many people rely on real estate agents to find them a property that best suits their needs and is within their price range. Once you decide to...
Which repairs should landlords and tenants pay for?
On Behalf of The Law Office of Timothy H. Nichols, PLLC | Jul 25, 2023 | Residential Real Estate
Repairs are necessary for maintaining the comfort and security a resident can get from a residential rental property. Unfortunately, some repairs can be expensive, and no one wants to shoulder costs they are not responsible for. For this reason, determining who pays...
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