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Davis, Bingham, Hudson & Buckner, P.C.
724 North Dean Road
Suite 100
Auburn, AL 36830
Phone: 334.821.1908
Fax: 334.821.6335
Email: info@davislaw78.com
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Things To Know About 1031 Exchanges
/by Davis, Bingham, Hudson & Buckner, P.C.In Alabama, a 1031 exchange refers to swapping one real estate investment property for another within a certain time period to defer capital gains tax. The term originates from Section 1031 of the Internal Revenue Code (IRC) and has several nuances, which are covered within this post. It is recommended that you speak with an […]
What Is Fractional Ownership of Real Estate?
/by Davis, Bingham, Hudson & Buckner, P.C.Do you wish to be the co-owner of commercial real estate or one of those lavish, extravagant resort properties? With fractional ownership of real estate, you can become the part-owner of warehouses, retail spaces in malls, and offices among other types of properties. You can enjoy rental income while co-owning a percentage of the property. […]
How Will Higher Interest Rates Impact the Alabama Real Estate Market?
/by Davis, Bingham, Hudson & Buckner, P.C.The Federal Reserve recently announced an increase in key interest rate by three-quarters of a point. This is the largest hike in almost three decades. The move is expected to increase the benchmark short-term rates. More interest rate hikes are also expected in the foreseeable future. This will affect many business loans and consumers. So, […]
How Blockchain Technology is Changing the Real Estate Industry
/by Davis, Bingham, Hudson & Buckner, P.C.Blockchain technology is revolutionizing many industries, including real estate. Until a few years, it was almost unheard of that someone would enter into transactions involving high-value assets through digital channels. Most real estate transactions were traditionally performed as face-to-face or physical engagements. In relation to this, blockchain technology has given rise to new solutions by […]
Resolving Joint-Ownership Real Estate Disputes
/by Davis, Bingham, Hudson & Buckner, P.C.There are occasions when joint property ownership disputes may arise between co-owners during the co-ownership period. It doesn’t matter whether you entered the co-ownership willingly or not. It can be hard to avoid a dispute in certain circumstances. Hiring a real estate attorney can help co-owners of a property resolve disputes, however complicated they may […]
What Are Your Lease Rights After a Foreclosure?
/by Davis, Bingham, Hudson & Buckner, P.C.The escalating rate of home foreclosures is one of the most unfortunate yet inevitable occurrences following an economic downturn. Hundreds of thousands of homes get foreclosed every year, which doesn’t just affect the house owner but also renters and tenants that occupy the property when the foreclosure occurs. Foreclosures are a harsh fact of life, […]
5 Strange Real Estate Laws in the U.S.
/by Davis, Bingham, Hudson, & Buckner, P.C.At Davis, Bingham, Hudson, & Buckner, P.C., our real estate lawyers are passionate about residential and commercial real estate laws. We provide legal representation for buyers, sellers, landlords, and tenants involved in real estate transactions and disputes throughout Alabama. While Alabama’s real estate laws are pretty straightforward, this isn’t necessarily the case in other parts […]
What Are the Damages for Breach of a Real Estate Sales Contract?
/by Davis, Bingham, Hudson & Buckner P.C.A real estate sales contract typically involves two parties – the seller and the buyer – both of whom are required to do their part and abide by the terms of the contract they enter into. When one of the parties fails to do so, it amounts to what is called a breach of contract […]
Performing Due Diligence Before Buying Property at a Foreclosure Auction
/by Davis, Bingham, Hudson & Bucker, P.C.Buying property at a foreclosure auction can be a great way to save money on real estate. Data shows that on average, foreclosed properties tend to be 28% cheaper than regularly listed properties. Correlating with this, these properties are sought after by individual buyers (as they can build up substantial equity over time) as well […]
Why Is It Important to Get a Land Survey Before Purchasing Real Estate Property?
/by Davis, Bingham, Hudson & BucknerPhysical real estate is undoubtedly one of the most valuable assets you can own. However, before you invest your hard-earned money in real estate, it is important to find out if the property in question is indeed worth investing in. One way to find it out is to get a land survey done. What exactly […]