When buying a home, one wants to make sure the property is in good repair, that it passes all necessary inspections, that it meets one's needs and that one has financing in place. The same can be said for commercial real estate. Buying commercial property is a big investment. Oregon residents who wish to take this kind of thing on may want some assistance to ensure a smooth acquisition process.
When selling or buying property in Oregon or elsewhere, a deed is needed to finalize the transfer of property. There are several types of deeds out there. This week, this column will briefly go over the different types, what is needed for a deed to be legally operative and what issues with these contracts can do to a real estate transaction.
Every piece of property in the state of Oregon is zoned so it can be used for a specific purpose. When a person is interested in real estate that is not zoned for what he or she plans to do with it, the thought of letting the property go rather than fighting for it may be tempting. It is certainly the easier path; however, some things are worth fighting for. There are a few ways in which one might be able to get the zoning changed so that it does work for one's needs; it just takes time, effort and, possibly, litigation.
Property, whether for business or investment, is generally a good thing to have in one's financial portfolio. While the real estate market goes through highs and lows, there is still a lot to be said for owning land and the structures placed on it. Unfortunately, a number of issues can arise in the real estate world that may affect one's purchase in a negative way. For example, every property has a title and any issues with that title can be expensive and time-consuming to address. Here are some common title problems often seen in Oregon and elsewhere.