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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 ...
Asking price, also called offering price, listing price, ask price and asked price, is the value at which a real estate is offered for sale. Typically, the asking price is the lowest value a home seller will accept in order to sell the property. But that will depend on the market ...
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 ...
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 ...
What would be the best real estate collateral definition? Could we say it’s just like a hostage? No, that would be insensible. But the idea is similar. In real estate, collateral is a tool to diminish one’s risk in a transaction. It’s about having something of ...
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 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 ...
Yes, you can! Now, it depends on what type of loan you are looking for. Is it a home loan? Or a payday loan? It is possible to borrow money even with a FICO score of 500 points. So, when you have bad credit, you probably don’t want to have your credit checked during the ap ...
Not only can homeowners associations impose pet restrictions but almost 100% of them do. Here’s the thing: the job of a homeowners associations or HOA is to look at the big picture and provide a safe and tidy environment for everyone despite one particular resident&rs ...
From the beginning, basements were not built to provide living space but a place to hide plumbing, wires and water boilers. Home buyers are always interested in the gross living area of a property, and many might believe that finished basements are included in the square footage. ...
Considering that property depreciation is the phenomenon of an asset losing worth due to its use over time, home depreciation is not only common but inevitable. However, this is RealEstateAgent.com and we’re sure that if you came to this website with that question it& ...
Every client is important no matter how big or small is a business. But selling real estate is somewhat different than selling doughnuts or hot dogs. Houses are mostlikely the most expensive asset that a person will ever buy or sell, so it’s crucial that the process goes sm ...
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 ...
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 ...
