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Market Analysis in the Real Estate Market is basically research done concerning specific properties in relation to the overall current climate of the real estate industry. A good evaluation will take into consideration economic, geographic and psychological factors of that m ...
A mortgage loan is nothing more than a real estate debt instrument. Acquiring a mortgage loan is the most common method of financing a home in America. The benefits are tremendous and the availability of it is dictated both by the risk the borrower presents to the lender, an ...
Everyone knows what is a retirement home, but if we were to give our best most concise retirement home definition it would be of something like: real estate facilities that cater to retired and elderly people looking for housing that accommodates the senior lifestyle needs. Howe ...
Just to be clear: an Open house is not when you invite friends over to meet your new house. At least not in the real estate world.When you hear someone talking about an Open House, they mean an event where the agent or the home seller opens his house so that interested homebuyers ...
Home inspector is the name the real estate industry calls the professional responsible for the close and thorough examination of a property. The home inspector usually is called upon action at the beginning of Closing to assess the current situation of the house being sold. He/S ...
Trade-in real estate term means the amount received for old real estate property when exchange for new property. ...
Wondering how do real estate agents get paid? We’ve got to be honest here: some time ago that would be classified as a dumb question because it was kind of obvious. However, faster than a speeding bullet the answer to “how do real estate agents get paid” became ...
Wondering what is the best lease purchase mortgage definition?A lease purchase mortgage is a financing option that allows potential homebuyers to lease a property with the option to buy that very property at the end of the set term. Rent-to-own properties come in two forms ...
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 ...
Here you are asking us: “Do I have a lien on my home?” We don’t know. Do you? Here are some of the reasons why one would have a lien on their home: Defaulting. Failing to pay the principal of your mortgage. The lender can apply a lien, put the house in ...
Wondering how to stop a lien on your property? Well, there is one pre-emptive measure of including in your bilateral contract that failing to comply with whatever obligations the contract lists will not produce any lien. Also, a good tip is to ask for lien waivers whenever ...
The time is here: you decided you will buy a home. Congratulations! But soon after you get motivated to do, conscience kicks in and makes you ask yourself: how much income do I need to buy a house? Well, it will depend first on the location of which this house is located and al ...
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 ...
Benefits Of Owning A Home Vs. Renting
Do you want to make a conversation with your friends more interesting? Start talking about the benefits of owning a home vs. renting one and you will see how many different opinions there are. Everybody will take sides, and at the end of your fight - because it’s very likely it will degenerate - you will still be left wondering what the pros and cons of buying a ...
Questions To Ask When Buying A Condo For The First Time
When my mother bought her first condo, she didn’t listen to anyone, not even to me, her own son. She was all by herself. Three years later, unable to keep up with the payments, she was forced to move out and recovered less money than she’d expected. I was crying inside because I couldn’t help her. Hopefully, you will let me help you avoid the same pain ...
Real Estate Terms Every Home Buyer HAS To Know!
Real Estate can be tricky sometimes. Real Estate Agents use a lot of particular words and jargons that almost make a dialect of its own. And you, the home buyer, who just wants to find the perfect home and acquire it suddenly has to learn all of those weird real estate terms on your own to make sense of whatever the heck those real estate agents are talking about. You ...
Real Estate Terms Every Home Seller HAS To Know
You’ve finally put your house on the market but every word that comes out of the real estate agent and potential buyers (or their real estate agents) seems like a foreign language to you. You just nod and try to stay in the loop reading the emotions from your real estate agent. If you took the For sale By Owner route… yikes! Even worse. You’re ...
Real Estate Agent Salary Vs Commission
From time to time we come up with forecast articles about new disruptive technologies like Self-Driving Cars, Cryptocurrencies, Blockchain and overall trends like the fact that the US Life expectancy is dropping, and the most pessimistic agents start to stock food for the long winter and predict the complete extinction of jobs and total machinery take over. Take it ...
Best Real Estate Books For Agents 2019
One question we always get from our readers that are starting to dabble with real estate is “Which are the best real estate books for agents?”.With that in mind, we decided to make a comprehensive list of books for real estate agents that are not to be missed in 2019. Not only by people that are just now joining the real estate industry, but also seasoned ...
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 ...
