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Wondering what For Rent By Owner (FRBO) means?It’s the more popular cousin of For Sale By Owner (FSBO). For Rent By Owner (FRBO) are really common; it’s the name we give to properties that are put on the market for rent by the owner instead of by a property management ...
The Real Estate Settlement Procedure Act (RESPA) is a piece of law passed by the US Congress in 1974 to protect homebuyers and home sellers against bad settlement practices. The Real Estate Settlement Procedure Act (RESPA) regulates mortgage loans by requiring the lender to dis ...
Market condition in which sellers exceed buyers, thereby causing prices to fall. In real estate, declining markets may result from unfavorable business conditions and high interest rates. ...
To understand what an abatement notice is, one needs to understand the concept of nuisance abatement. Abatement notice is the notice given to the owner (or occupier) of a property as a warning that his or her house has infringed local ordinances or laws, and he or she must t ...
Appraisal by summation is an Alias for Replacement Cost A.K.A. Cost Approach, which is one of the approaches an Appraiser can go through in order to assign a Market Value to a property as a product of his/her Appraisal.If you don’t want to click on the links for m ...
In a broader sense, Full Disclosure means presenting all information (significant or not, classified or not) related to a certain matter. In Real Estate, the term “Full Disclosure” can be used in different situations… it can be used as a requirement for a lend ...
When a home is marked “as is”, it means the home seller will not take part on any renovations, will not fix any defects the home buyer might bump into. If the home buyer wants to buy the property, he’ll have to buy it the way the house currently is. However, th ...
There’s been a lot of demand for QR codes for real estate signs as they became a fabulous way to go beyond the advertising nature of the traditional static “for sale” signs and can actually generate leads to real estate agents. With a simple scan, a client ...
Are you confused because you can never tell what is the difference between an apartment and a flat? Don’t feel bad about it. Everyone has this doubt. And, to be honest, it’s because the answer to it is very frail. Here’s the deal. Both “apartment&rd ...
You saw a property you love and want to buy it, but you have no money to do that. So you ask us how do you buy a house with no money. Well, that’s a funny question… if you have no money at all, the only way you’re getting the house is by stealing it, and we do ...
Came here wondering if you need a permit to build a bunker? Of course you do. Come on, this is America; you need a permit to build anything! Especially a deep earth bunker, which might go so deep that it affects the area’s geology and could cause flooding and other hazards. ...
The first answer that comes to mind when someone asks how does where you live affect how you live is: do you have a lot of spare time? Because this one takes a while to answer… Like Karl Marx said, “infrastructure determines the superstructure”—no, we&rs ...
QR Codes For Real Estate Signs
There has been a revolution going on when it comes to those traditional for sale real estate signs. Instead of the boring static old for sale real estate signs, savvy real estate agents and homeowners have been trying to improve curb appeal to lure clients to their home via modern high-tech smart “for sale” signs. And thank God for that! For sale ...
Senior Citizen Housing: Accompanied Or By Yourself?
For some people, this issue is a bit taboo but, hopefully, it will happen with all of us: we’ll get to live so long that certain cares around the house will need to be taken in order to facilitate our life pace. And even if you’re a Millennial thinking “oh, I’m 50 years away from that, my friend”, you always have family and friends of ...
Tips To Raise Your Real Estate Commission
If one is to answer how much does a real estate agent really make, it will become very clear that the place where you make a difference on your earnings as a real estate agent is the real estate commission. The highest the house gets sold for, the highest the real estate commission. So, technically, to raise your real estate commission = to raise the price of the ...
Why Real Estate Agents Fail And Get Out Of Business
You know how they say you should always enter places, situations and even relationships with a backup plan and an exit strategy? Romantics say that’s not the right way to go about things, but it’s actually a way to take some tension out of the way, minimizing the fear of failing to let you focus on making everything work. If you have the worst case scenario ...
Living Near An Airport: The Good And The Bad
If you’ve been following the content production of RealEstateAgent.com you’ve probably noticed how we love to write about strange unusual real estate scenarios. We’ve already written about living near a highway, considered if living near a cemetery affects the home value and even questioned if you would live in a haunted house if the price was ...
Essential Home Items Your Place Might Be Missing
The mind is always playing tricks on us. Sometimes there are some things that are very obvious, and we come across them all of the time – they are a big part of our lives – and yet; we can’t remember them! Have you ever played Scrabble and couldn’t for the life of you think of a word, then your friend just adds an “r” or an ...
Working Couples In Real Estate
Beyonce and Jay-Z, Melinda and Bill Gates, Sonny and Cher, Lucille Ball and Desi Arnaz, Hart to Hart, even Ant-Man and the Wasp… there a lot of stories – some successful, some not so much - of husbands and wives working together out there. And in our industry, of course, is no different. If you take a look at some of the real estate agents in The ...
Things Home Sellers Should NOT Do
We’ve made several articles in the past regarding things that home sellers should do to sell their house. We gave home staging tips and tricks, advice on how to optimize your next open house and even went oriental with Feng Shui to sell your home. But we never talked about the things home sellers should NOT do when selling a home. And you know, that’s ...
Whenever we do a “best ____ for _____” type of article, we always discuss the metrics pertaining to that subject and come up with a ranking of sorts. But today, because the discussion within the subject has so many variables, we’ve decided to do it differently. To tell us about the best places to raise a family, we’ve imagined a typical ...
There’s an argument to be made that cold calls are not the most current way of getting that sweet lead generation going for you and that SMS, social media, and cold email marketing have a much higher percentage of lead generation success than cold calls, but hey… sometimes you have to try them all, right? Maybe your real estate market is more technology ...
