Prince Frederick, MD Real Estate Agents
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Berkshire Hathaway HomeServices McNelis Group Property
Berkshire Hathaway HomeServices McNelis Group Property
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When an Appraisal is done, its ultimate goal is to define a Market Value for that property. So, in short, market value is the value of a real estate property in a free competitive market.Many variables are considered by the Appraiser when analyzing the monetary worth of a propert ...
Life is unpredictable so to compensate this, people have invented insurance. Insurance deals with unforeseen events. Sometimes insurance companies cover only a part of your losses and a few named perils, while sometimes it covers every damage imaginable and every mishap. If you a ...
Need to understand what is a real estate contingency? In general, a contingency is a condition for something to happen, so the real estate contingency definition relates to provisions included in the sales contract stating that certain events must occur, certain actions must be ...
Before getting a loan to buy a property, you must know the definition of foreclosure. A foreclosure is the process of making a loan due immediately. Technically, a loan becomes due way sooner than initially specified in the Amortization Schedule because the borrower (the mortga ...
Timeshare homes is the popular name given to the concept of fractional ownership in real estate, and, in fact, is a better term to explain its meaning.Why?Well, fractional ownership means basically someone owns a fraction of something, right? In this case, a real estate property. ...
What is the ANSI (American National Standards Institute) Standard? Before arriving at the definition of ANSI standard, you must know that ANSI stands for The American National Standards Institute founded on October 19, 1918 as a private, not-for-profit organization. This in ...
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 ...
Any move is stressful, no doubt about it. And it can put a lot of pressure on you, even financially. Like everybody else, you have a few expensive items that you want to make sure that will arrive safe and sound at the destination so in order to cover for unexpected events a ...
Now that you’ve learned how much does a real estate agent make, you’re wondering who pays the real estate agent? Get ready for a non-answer. Or a super-answer. It’s a half-full/half-empty situation. The thing is that both the home buyer and the home seller pay ...
To understand what is a subprime mortgage, we need to talk about the subprime definition. Subprime means something that is not in the best conditions and, in this scenario, it refers to a subprime borrower; that is someone who has a complicated financial history and provides too ...
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 ...
The definition of “auction” is derived from the Latin word “auctus” which means “increasing”. A home auction is a sale where bidders place one bid after another until the last and highest bid. At that point, a winner is declared. First auctions ...
How To Rebuild Your Life After A Foreclosure?
When one chapter ends, another one begins. Foreclosures are simply that: fresh new beginnings. Of course, it can bring you down for a while, it may have a negative impact on your credit score for years and even on your relationships, but you can rebuild your life and live happily ever after. Foreclosures are like a bad dream that for some homeowners becomes a reality. ...
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 ...