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Effective Age is the counterpart to a property’s Actual Age. While the former refers to the date a property was built, the latter is more of a sensorial depiction of its age; the age the property appears to have.So, in a way, you can impact on your house’s Fair Market ...
Broadly speaking, a commission is a remuneration a person receives after acting on someone else’s behalf.In the real estate world, you’ll usually hear the term “sales commission”, which is the remuneration a real estate broker and/or agent earns in regards ...
The basic home inspection definition is well-known for everyone, right?However, when it comes to real estate, the term “inspection” can serve a bunch of purposes – but the basic meaning is always the same: to analyze something with a purpose of approving or disa ...
Wondering what “de facto” means? Well, because it’s a Latin word, let’s give a formal definition. De facto is Latin for indeed, in fact, in reality, actually. An act or fact that occurs as a matter of practice and reality as distinguished from “de j ...
Wondering what is Title Insurance? Let’s see if our title insurance definition helps you understand it 100%: It is a policy required of home buyers by lenders, to protect against losses arising from problem and disputes over the ownership of a property. These policies are ...
Thinking about selling your own home without an agent? You can. For Sale By Owner or FSBO is how it’s called in the real estate world when a homeowner decides to sell his house on his own, with no help from a real estate broker or agent.For Sale By Owner listings or FSBOs h ...
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 ...
There’s really no easy and quick answer to “how much money can I borrow to buy a home?” It will all depend on the overall financial health of the area in question, the financial health of the mortgage company in question and the risk that giving a loan to you w ...
Do real estate agents work with home renters? Yes, they do. To be honest, real estate agents are willing to work with everyone. There are some who are specialized in sales and not rentals, but there are no rules that say they can’t do rental properties too. What’s mo ...
When you hear someone referring to a real estate agent type as a “general agent”, it might seem that someone is calling that agent “basic”, common. Right? But the truth is that general agent is a term that can refer to two other different situations and cl ...
Yes, you can use two realtors® to sell your house. Actually, more than two. You can use how many you’d like. It’s what is called an Open Listing. In it, the home seller pretty much says “Hey, realtors®! Whoever brings me the best offer first, wins&rdquo ...
Are you worried about the constant speeding on your street and neighborhood and you wish to do something to stop it? Traffic calming is the name given to measure that seek to give an order to the traffic in a way that it balances both its frequency and its intensity- that is; me ...
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 ...
5 Signs You Should Sell Your House
From time to time, homeowners wonder if it’s the right time to sell their house. They look to the sky and say “God, if this is the right time to sell my house… just give me a sign!” Well, we’re not God, but here are FIVE signs you should sell your house: All the neighbors are selling their homes It’s all about supply and ...
