When you buy a piece of real estate, whether you invest in a commercial property for your business or a home for your family, you expect you make use of the property until you eventually sell it or bequeath it to your loved ones after your death. Often that will be...
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Real Estate
Checking zoning regulations before buying commercial property
On Behalf of Spragins, Barnett & Cobb, PLC | Feb 7, 2022 | Real Estate
Buying commercial property can be a great investment for a growing business. Rather than paying rent every month, you may be able to afford a similar space for less money when paying on a commercial real estate loan. You will also accrue equity in the property, which...
Why do I need to hire an attorney for a survey dispute?
On Behalf of Spragins, Barnett & Cobb, PLC | Jan 14, 2021 | Real Estate
People have been fighting over land in Tennessee for around 300 years. These days, of course, property disputes are more likely to be about the right to park your car or cut branches from a tree than the right to settle or trap furs. Why do boundary disputes occur?...
What happens to a mortgage during bankruptcy proceedings?
On Behalf of Spragins, Barnett & Cobb, PLC | Oct 29, 2020 | Real Estate
The goal of filing bankruptcy is to discharge unsecured debts so that the person who has previously been struggling with debt can get into a better financial situation. Unsecured debts, like credit card bills and unpaid medical costs, will no longer require repayments...
What concessions can you request when signing a commercial lease?
On Behalf of Spragins, Barnett & Cobb, PLC | Oct 14, 2020 | Real Estate
The property that you use for your business will likely be one of your biggest expenses and liabilities associated with operations. It is important that you find facilities that meet all of your business' needs. Whether you need parking space for employees and...
Clear boundaries make for good neighbors
On Behalf of Spragins, Barnett & Cobb, PLC | Aug 20, 2020 | Real Estate
When buying a new piece of real estate, like so much in life, you need to have clear boundaries. Without clear personal boundaries, people can walk all over you, while an inadequately defined property boundary will enable people to walk all over your land. Why are...
What’s the purpose of zoning restrictions?
On Behalf of Spragins, Barnett & Cobb, PLC | Apr 17, 2020 | Real Estate
Living in an urban or downtown area isn't always easy. One of the biggest issues that non-rural residents face is zoning regulations. One of the primary purposes of these types of rules is to divide areas into industrial, commercial and residential zones. Generally,...
What details should be included in a owner financing agreement?
On Behalf of Spragins, Barnett & Cobb, PLC | Apr 3, 2020 | Real Estate
There are many reasons why buyers get banks involved in lending them the money to make a home purchase such as offering lower interest rates and variable types of loans. There are just as many reasons why buyers seek out private lending or owner financing though as...
Coronavirus may decrease home prices by 35%
On Behalf of Spragins, Barnett & Cobb, PLC | Mar 20, 2020 | Real Estate
Home prices are anything but stable, and a lot of different issues factor in. It's not the same as buying or selling many other products, which always cost roughly the same and give you something to expect. Homes are priced based not just on size or condition, but...
Landlords must make necessary repairs
On Behalf of Spragins, Barnett & Cobb, PLC | Feb 14, 2020 | Real Estate
Your lease does not have to come right out and say that the landlord has to make repairs to a property. It is an implied responsibility. When renting a space to a tenant, the landlord has an obligation to make sure that living space is habitable at all...
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