10 Factors that Affect Property Value
Property Value means it is the difference between what a buyer is willing and able to spend for a property as well as what the seller or purchaser is really willing to acknowledge or accept. Knowing how much…
Benefits of Owning a Rental Property
Rental properties are an excellent opportunity for investors to make money. They are not limited to big cities either. Some towns have areas where rental property investments are more profitable. A rental property is a residential or commercial…
Property Manager Explained
A property manager is someone or an agency who makes sure that both the owner and tenant follow all of the regulations of owning or renting a real estate property. The manager does this by having contacts with…
Adjustable-Rate Mortgage (ARM) Definition and Guide
An adjustable-rate mortgage (ARM), sometimes known as a variable-rate mortgage, is a loan with an interest rate that changes during the life of the loan. Adjustable-rate mortgages have a fixed interest rate at first, followed by a variable…
Buying A Fixer-Upper House: Pros and Cons
Fixer-upper houses seem to be an increasingly popular option for many people these days. This is not surprising, given that there are many factors to consider when purchasing a home. One of these is your budget. Most of…
Comparative Market Analysis (CMA) Definition
Comparative Market Analysis or CMA is a term used by real estate agents and home sellers to help them determine the current market value. CMA is an appraisal-type report which includes detailed information on homes or properties that…
How Much Profit Should You Make on a Rental Property?
In general, there’s really only one reason as to why you’re setting up a rental property, and that is to make money off of it. However, it is important for you to determine how much profit should you…
Inspection Contingency: Definition and Coverage
A home inspection or due diligence contingency is a standard part of most real estate contracts. It allows the buyer to request and pay for inspections and investigations of specific components and structures on the property within a…
Fee Simple Ownership Explained
If you have recently brought a house in the U.S, the chances are good that you got fee simple ownership of the actual property. Fee simple ownership is the most common type of real estate ownership in the…
What Are Mortgage Closing Costs?
Mortgage closing costs, commonly known as closing costs, refer to the amount you must pay when completing a deal on the purchase of a property or refinancing an existing mortgage. The typical closing costs usually include service fees…