House Rules

Net return on a real estate investment. It equals the income less the expenses associated with the property. ...

An agricultural technique of supplying water to land to sustain the growth of crops. Developing irrigation system is an ancient practice being used as early as 500 BC along the banks of ...

Also called earnest money. Money deposited with an individual for security for the performance of some contract. This is intended to show his/her willingness to follow through with the ...

Building a structure in such a way as to reduce the process of destruction in the event of fire. Fire-resistant materials are used. ...

To pass property by will to an heir. Strictly speaking, real estate cannot be bequeathed to an heir, it must be devised. However, if it becomes clear the purpose of the testator was to ...

Unanticipated damages incurred as the result of the sub effects of a parties breach of responsibility or contract. Consequential damages often result in financial compensation. ...

The process of changing, updating, and altering the appearance and structural characteristics of a building. For example, John remodels the kitchen in his home by replacing the cabinets, ...

An organized group of ethical behavior guidelines governing the day-to-day activities of a profession or organization. ...

Located in the heart of Virginia, just south of Richmond, VA, the unincorporated area of Chesterfield, VA is the county seat of Chesterfield County. There are many reasons for this ...

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 ...

If you find yourself driving down I-95 from Orlando, you will reach the city of Melbourne, FL in a little over an hour. Located by the Indian River which is parallel to the Atlantic Ocean, ...

Located on the east coast of Florida, the city of Melbourne lies on the banks of the Indian River. This river separates the city from the Atlantic Ocean and a thin strip of land works as a ...

An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-term debt) to your monthly gross income. Lenders use this ratio-sometimes called the ...

Life in big cities can sometimes be fun and entertaining and sometimes it can be a bit challenging and stressful. The city of Dallas has a population of 1.3 million people and has seen a ...

A subagent is an agent who works with you to purchase a house but is paid by the seller. ...

Sarasota FL is a beautiful city located in southwest Florida, on the beautiful coastline of the Gulf of Mexico. You might be asking yourself what is so special about this city or what is ...