Most people believe the value of their home is constantly rising. However, there is no guarantee that an asset's value will increase over time. For example, gold in 2022 stands at approximately the same price as in 2011. It means even gold has seen no appreciation in more than a decade. Everything revolves around supply […]
Read More →Appraised Value Vs. Market Value Until they face it, most people think the appraisal and market value should be the same. After all, both are about the same home. However, it is not valid. The appraisal value is lower in most cases of appraised value vs. market value. In this guide, we will solve this […]
Read More →Most people buy homes through a mortgage plan. Sadly, the lender might reject the loan at some stage. Then the seller has to start the tedious process again to find the next buyer. Alternatively, the seller can reduce the price, but this is not a profitable route. Thus, selling a house for cash is and […]
Read More →Different kinds of property contracts contain different types of terms. These terms govern the legal aspects of the sale, purchase, lease, and rent of that property. However, buying into a housing co-op is unique in many ways. One significant difference is that you do not own a specific home. Instead, you own shares in a […]
Read More →A multifamily home is a residential property having two or more units. The property owner may or may not be living in one unit. It is a good buy for passive income. However, these homes also have their unique challenges. If you have ever thought about what a multi-family home is, you are at the […]
Read More →Not so long ago, newspaper advertising was the fastest way to sell anything. Luckily the internet and social media have changed this scenario. Although online home selling was technically possible for quite some time, it is really catching up now. It all started with online marketing and email advertising. Then came the multiple listing services(MLS) […]
Read More →Ready to sell your home? You’ll need to determine the price of your home. Various tools are used for this purpose, and one such evaluation tool is the AVM (Automated Valuation Model). Think of it as a software-based pricing tool. The software will look at comparable data to determine your property's most suitable price. You […]
Read More →If you are considering buying a townhouse, you are at the right place. This guide will explain all you need to know about this house type. Answering, "what is a townhouse," the first thing to note is that its name is confusing among other types of homes. For example, it provides little context to the […]
Read More →So how to negotiate a real estate commission? Despite common belief, real estate commissions are negotiable. However, when bargaining, real estate agents behave in three ways. The first group will readily accept the reduction. The second group will not negotiate because they don't have to. Finally, some agents can not reduce commissions due to higher […]
Read More →How long does it take to buy a house? It depends on where you live, your income, and how much you want to put down and test your patience and sanity. Okay, we’ll stop with the bad jokes. If you want to buy a home and aren’t sure what the process is like, keep reading […]
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