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A Vanilla Shell - also known as a Vanilla box, white box or whiteboxing – is something very common in commercial real estate and growingly common in residential real estate. In many ways, it’s the opposite of Home Staging, where home sellers “stage” their ...
Ask Price is the initial listed price for a piece of real estate.It’s important to understand that, in the real estate world, there’s no such thing as a fixed price when buying or selling a property. Fixed price is a concept you can only apply when the product in ques ...
Someone recommended you should reach out to Freddie Mac and you came here looking for him. No, he's not a registered real estate agent at The OFFICIAL Real Estate Agent Directory ®. Not a cousin to the late Bernie Mac either. Freddie Mac is more like Fannie Mae’s y ...
Whenever you hear the term “Baby Boomer” it references to someone who was born between 1946 and 1964. The moniker was coined as a way to represent all the people that were born out of the spirit that reigned after the end of the World War II, a spirit of hope for the ...
When you hear someone in Real Estate saying there’s going to be a boring test, they don’t mean a dull exam is coming up. Boring test refers to a geological test applied to the soil in order to understand the lithology of the ground and determine how much weight that ...
A scholar second mortgage definition would go something like: a loan with a second-priority claim against a property in the event that the borrower defaults. But that’s too stiff, right? Let’s try an easier route to understand second mortgage definition. A second mo ...
Wondering how big is an acre?It is common to hear people say that it's almost the size of a football field without both end zones. But sometimes *almost* is not enough and you need to know exactly how big is an acre.First, you need to understand that an Acre can be measured in an ...
Everyone in your family thinks they know how to take pictures to sell your house, right? They say you shouldn’t spend money hiring a professional photographer since you are already doing this whole thing in the For Sale By Owner (FSBO) way. But trust us: even if you ha ...
Are you wondering what is the difference between being prequalified and preapproved for a loan? Do you always get confused because they seem pretty much the same thing, right? But there is actually a fundamental difference between both. And it is pretty simple to explain it: Wh ...
There comes a time when every zealous homeowner asks himself – usually at a very inconvenient hour, like 3 am: Do I need Flood Insurance? The answer is: probably. Here’s why: Most homeowners insurance policy, renter, landlord, and business insurance policies exclude ...
If you plan to stay forever in a certain place, buying is better than renting. Banks and mortgage brokers offer such a huge variety of loans that it is almost impossible not to find the right mortgage loan for your housing needs. Some loans will also help you invest in real ...
Wondering what is the difference between a condominium and an apartment? Well, differently from the difference between an apartment and a flat, this one is not so much related to word usage; they are actually two different things. Here’s the thing: whenever someone talks a ...
Passive Income Strategies To Avoid Paying Interest On Your Home Loan
To pay interest means to work twice for the same money. In other words, it reduces your productivity. When you are paying interest, you are simply treading water, that is you’re not making any progress. Despite this fact, most passive income opportunities rely on interest and especially on compound interest. There are many different definitions of interest, but in ...
6 Types Of Land Surveys You Should Be Aware Of
Land is a precious resource because it is very limited and nobody’s going to make any more of it. As you already know, about 70% of the Earth is covered by water and the rising sea level is threatening. Then, not all the dry land is suitable for construction or even habitable - 33% is dessert while mountains occupy another 24%. This means there are only 15.8 ...
Should Friends And Family Hire You As Their Real Estate Agent?
Haven’t you ever been told to keep friendship and business apart? Real estate could be the ultimate test for friendships because money and greed bring out the true character of a human being. The United States of America is the third largest country in the world by surface area, and currently in the third place by population - more than 331 million people. 32% of ...
9 Unusual Ways In Which Water Increases The Value Of Your House
What really increases the price of the house is its location. So, if your house is not on an exotic beach, we will tell you how to bring the sea to your house. Stay with us as we look at the friendly side of the water - the miraculous liquid that makes our planet habitable. Water is both a friend and an enemy in real estate. Leaking faucets, burst pipes, and floodings ...
What Makes A Good Real Estate Agent?
Do you remember what you wanted to become when you were just a child? Boys would say they wanted to become police officers, firefighters or pilots, while the girls would become nurses, teachers or ballet dancers. For kids, the concept of becoming a real estate agent didn’t even cross their mind, unless they have a parent in that field! Many of them, though, possess ...
Home Types Home Buyers Often Overlook
There’s a long distance between “common” sense and “good” sense, and most of the times, when it comes to real estate, “common sense” is just garbage. Do we sound too bitter? We’re sorry. It’s just how it is, and the reason for that is because real estate is constantly changing. Furthermore, because housing is a ...
6 Tips To Better Manage Your Vacation Rental
Do you have a vacation rental? Or do you want to invest in one? Read the following tips to improve your business skills. Wise real estate investments have changed lives for generations. Actually, 45% of real estate investors buy properties with the intent to rent and earn extra money. If you’ve purchased a rental property in an attempt to get rich quickly, you might ...
Innovative Ways To Sell And Buy A House
What do you do when your listed house sits on the market way longer than you anticipated? It’s time to get creative and try some alternative ways to sell your house! According to major listing websites, in 2018, a property spent roughly 68 days on average on the market - a post-recession low. Homes sell twice as fast than in 2010 when 140 days was the average time ...
Why Are There So Many Different Types Of Loans?
Ever since childhood, I have seen the many faces of debt. A big statement, you might think, but my parents’ debt greatly impacted my life. When I look around, however, not everybody talks about debt as a dreadful experience. Why? Because they knew which loan to choose from so many different types of loans. And even if they have a hard time with their payments, they ...
Most Common Homeowners Insurance Claims
Are you in the midst of closing your homeowner’s insurance? Trying to save every little penny figuring all the insurance questions we always ask ourselves? Do I need Flood Insurance? What about earthquake? Is there any end in sight for this eternal money spending?Although we do recommend getting the most comprehensive homeowners insurance you can, let us ...
