There are a many benefits to owning your own condo – chief among them the fact that you actually own your own condo! However, along with the benefits, there can be unforeseen hassles. For example, a condo can be more than a financial commitment; it’s a social commitment as...
The peak homebuying season may be over, but there are still steps you can take to ensure a speedy sale. Setting the right price and making an excellent first impression are both essential to attracting buyers, but what else can you do to get the offers rolling in? Here...
A reverse mortgage is a home loan that provides cash payments based on home equity. Homeowners normally “defer payment of the loan until they die, sell, or move out of the home.” Upon the death of homeowners, their heirs either give up ownership to the home or must refinance...
There is not one design, style or size that embodies a luxury home. It could be a sprawling 15,000-square-foot French manor set on several rolling acres, or it could be a 4,000-square-foot contemporary home nestled into the side of a mountain. Although it’s difficult to quantify exactly what luxury...
If you are like most home buyers and sellers, chances are you’ll want a qualified real estate agent to help you through the process. Agents act as liaisons between buyers and sellers, and can bring valuable experience, expertise, local knowledge and negotiating skills to the table – all of...
You want to purchase a home. For most people that means getting a mortgage. This is not the time to let somebody else do the shopping for you. Here’s why: The terms you get can make a sizable difference in what you pay to borrow the same amount of...
Real estate salespeople, and other licensees who are required to work for and under the umbrella of a designated broker, are often referred to as real estate agents. In legal language, the term “agent” refers to the strictly defined relationship between a real estate salesperson and the buyers and...
A real estate property that has been purchased with the intention of earning a return on the investment (purchase), either through rent (income), the future resale of the property, or both. An investment property can be a long-term endeavor, such as an apartment building, or an intended short-term investment...
Real estate investing involves the purchase, ownership, management, rental and/or sale of real estate for profit. Improvement of realty property as part of a real estate investment strategy is generally considered to be a sub-specialty of real estate investing called real estate development. Real estate is an asset form...
Homeowners’ insurance isn’t a luxury, it’s a necessity. In fact, most mortgage companies won’t make a loan or finance a residential real estate transaction unless the buyer provides proof of coverage for the full or fair value of the property (most of the time this is the purchase price)....
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