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Founded in 1908 and located in Chicago, IL, the NAR is a federation of 50 state associations and 1848 local real estate boards, termed either REALTORS® or REALTOR®-Associates. With over 800,000 members, the NAR promotes education, professional standards, and updates ...
Aerial photos are photographs taken by cameras mounted in aircraft or satellites. Aerial photos are more commonly used in the industrial Real Estate Market to get a better feel of a property’s large size and limits. Not only that: as part of the appraisal process. Imag ...
There’s a time when it’s neither a Buyer’s Market nor a Seller’s Market. We call it “Renter’s Market”. It’s that time where, despite the supply and demand ratio of properties for sale, the overall economic conditions are not f ...
Refinancing seems easy to understand but is it really? Here’s a lengthy refinancing definition so you can make up your mind once and for all regarding the exquisiteness of the refinancing concept: Say you got a mortgage loan years ago and now you apply for a second mortga ...
Whenever you hear the term “Baby Boomer” it references to someone who was born between 1946 and 1964. The moniker was coined as a way to represent all the people that were born out of the spirit that reigned after the end of the World War II, a spirit of hope for the ...
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 ...
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 ...
All foreclosures have the same cause - missed payments. Financial difficulties come without notice. You may lose your job overnight, your business may no longer fight with the competition, or your spouse got sick and couldn’t work for a long time. Unemployment is dangerous ...
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 ...
Basement remodels add more beautiful living space and are usually treated like new construction. This means that it increases your home’s assessed value and therefore an increase in property taxes should be expected. How much does a finished basement increase your taxes? ...
Are you like “OMG! I forgot my mortgage payment! What happens now? Will I have to pay double the value I had to pay?! Are the cops coming to get my house?!” Calm down. It’s not the end of the world. Maybe nothing happens at all! Here’s the deal: some mor ...
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 ...
The Ultimate Home Theater Room
Don’t you feel that the days keep getting shorter with every birthday? Time seems to fly so fast, especially when we are doing what we love or when we are involved in a pleasurable activity. Humans have always been looking for ways to make time pass in a pleasant manner, so as to fill the void and silence it leaves behind. A home theater room is like a time ...
Buying A Home In Scottsdale Vs Building Your Own Home
So, you’ve found the best place to live in and you already face a huge dilemma - should you build a house from the ground up or buy an existing home? Scottsdale is definitely a great city to live in, preferred by students and retirees alike. With plenty of vacant land around, building your own house in Scottsdale, AZ might be a solution for your housing needs. One ...
Client Gifts: Creative Closing Gifts For Home Buyers
Who doesn’t like to receive gifts? Gift giving is so rewarding and such a great experience not only for the giver but for the receiver, too. When we were little kids, we used to be so possessive that the only joy we had was when we received a gift from someone. No matter how small, gifts make a child happy. Coming of age, though, we realize that there is ...
How To Take Advantage Of The REA Directory Listing
Online directories have been around since the early 90s when the father of the Internet, Tim Berners-Lee, compiled a simple list of web servers. Soon after that, Yahoo and Google took off. Yahoo started its services in 1995 while Google was founded in 1998. Before that, phone books were a very popular form of directory. Don’t you remember the Yellow Pages? Nowadays, ...
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 ...
What Are The Best Places To Buy Waterfront Property In The U.S.?
Water is the substance of life so it’s understandable why we feel so fascinated by it. We could spend a whole day watching a waterfall, the waves of the ocean or a river making its way through the mountains. Caught in its spell, we close our eyes and dream of a waterfront vacation home, somewhere away from civilization. But if you are not sure what are the best ...
The Pros And Cons Of Installing An Inground Swimming Pool
What does the house of your dreams look like? Would you rather have a pool or an uncropped piece of land behind your house? Depending on your age and geographic location, you may be in favor of the former or the latter. We all love to wallow in water during a hot summer day. But should we replace the ground with water? Which one is more valuable? Hard to decide. In this ...
Scottsdale Unified School District (SUSD) Among The Best In Arizona
A good education is one of the main ingredients of success in any career. As children, we spend a lot of time in schools during our childhood and youth, and we gather many long lasting memories in the classroom as well as on the school’s playgrounds. When it comes to education, Arizona occupies the 44th position in a classification of the states with the best ...
Fun Things To Do On Weekends At Home
Fridays come so hard, don’t they? The first five days after the weekend are always the hardest. Planning for fun things to do on weekends at home is the only joy we have sometimes, during the week. We could all use one or two more days between Saturday and Sunday. There are so many jokes about weekends that we could go on like this forever. Even Henry Ford - the father ...
How To Save Money For A Down Payment?
We all dream of our first real estate purchase from an early age. As little kids, we imagine huge castles and glowing palaces where we would live among our favorite noblemen, princes, and princesses. Later, after mastering the rules of Monopoly, we become real estate tycoons. And as the years go by, we keep downsizing. By the time we finish college, we would call ...
