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The real estate market is hot. Inventory remains low, creating competition among the homes that are for sale. In fact, bidding wars are becoming the norm, not the exception. A recent article posted on CNBC reported that homebuyers are stretching their budgets and mortgage limits to win bidding wars. Bidding wars are not all about money, however. In other words, the highest bid doesn’t always win. Favorable bids have few to no contingencies, quick close times, and the reassurance of a loan approval. Sellers want to know that the sale will go through without any problems. For this reason, cash is attractive these days. Tips for Winning a Bidding War Those in the market for a new home can anticipate a bidding war. Susan Pinkston, a Mississippi real estate lawyer, shares practical tips to help you come out on top.
- Come with cash if you can
- Get pre-approved for a
When you find a law firm in Mississippi to work with, how can you tell that it’s a great one? The right lawyer can make all the difference in your case and what you walk away with in the end. Finding the best attorney requires more than a quick search on social media. There are questions to ask and factors to consider. Taking the time to do this will pay off in the long run. Read below for five signs that you’ve found a great team to work with.
- They are honest.
- Maintain good eye contact
- Understand the laws in
It’s easy to say “I’m going to sue you!” However, taking someone to trial isn’t always the most cost-effective decision. In fact, it should be used as a last resort. What attorneys often recommend is legal mediation services. This type of intervention takes place outside the courtroom. A neutral third party listens to both sides and helps them come to a reasonable and fair agreement. More people are choosing mediation over litigation because it’s practical and economical. Is it right for you? It could be. Work with your attorneys to determine the best approach. In the meantime, here are some of the ways that a less hostile negotiation can save you money- Preserve Financial Assets Why waste your hard-earned money fighting your way through court? These investments can be used for other things in life, such as sending children to college or paying off a mortgage. Just think. According to recent statistics,... Read More
Do you own a small business and aren’t sure if you should incorporate? The decision can be tough to make, especially if you enjoy being one and the same with your company. However, changing from a small entity to a Limited Liability Company (LLC) or corporation with the help of Incorporation Lawyers can open the door to many new opportunities. Probably the most important factor is that an LLC or corporation protects your personal assets. If you’re unsure of whether or not to incorporate your small business, it’s best to meet with a team of experienced incorporation lawyers such as Susan Pinkston. During your consultation, the following four benefits will be discussed-
- Protect Personal Assets
Considering getting a legal advice from a Law Firm in Mississippi? Every firm's expertise differs based on their knowledge & experience. This Infographic explains how you can select a Law Firm in Mississippi based on its Expertise. ... Read More
The tax reform plan released by the White House and the congressional Republicans includes many parts. One of them is taking away the federal estate tax or death tax. This is not the first time estate taxes have been discussed, as many lawmakers feel that they are a double form of taxation. Eliminating the death tax would have many benefits; which include simplified estate planning and avoiding the need to go through lengthy steps to avoid a tax bill to the IRS. With that said, if it is removed, planning with an experienced estate planning attorney in Jackson MS remains just as important.
Here are a few things to consider:
- You need to choose where your assets go.
Like homeowners, business owners can fall behind on their mortgage payments. If this happens, your lender will typically start the foreclosure process to sell the property and receive some type of repayment on the loan. The main difference between a residential foreclosure and a commercial foreclosure is the possible appointing of a receiver. If you are in financial trouble and can no longer afford the payments on your commercial property, it’s best that you reach out to your lender and discuss potential options. It’s also important that you work with a Mississippi real estate lawyer so that your end of the process is handled legally and professionally.
Judicial or Nonjudicial ForeclosuresA commercial foreclosure can be handled in one of two ways, depending on the state you live in and the language in your mortgage agreement.
- Judicial- In a judicial foreclosure, the lender files a lawsuit against the borrower (you) and asks
The real estate sector has become really complex to deal with. Comparing the number of buyers & sellers to the number of properties available, we can say that there is a tough competition among all of the parties involved. This infographic tells you how a real estate attorney can help a lot in determining various factors while willing to buy or sell a home. [caption id="attachment_383" align="aligncenter" width="1100"] How Real Estate Attorneys can help Home Buyers and Sellers... Read More
Mississippi is one of the leading states that produce oil and gas. If you work in this industry, it’s not uncommon to require the assistance of an oil and gas attorney in Mississippi. This field is complicated and involves legal issues such as reserving minerals, excepting minerals or selling minerals. Oil and gas companies also require attorneys to check the titles, organize drill site opinions and determine who to pay if there is a profit. With new advancements in technology, the United States is quickly becoming one of the world’s top oil producers. A new technique called fracking allows oil and gas companies to drill down old wells or new locations that weren’t traditionally associated with oil and gas production. With old wells getting new life, what does this mean for the people who drill and the people who own the minerals and the land? Let’s take a look. Types of... Read More