How much space is there in a home? How is square footage calculated? You might want to know this for your own house or one you want to buy. Surprisingly, no national standards exist for calculating square footage in residential properties. Since there aren’t any national standards, many different methods for measuring in sq ft […]
Assessed Property Value vs. Market Value: What’s The Difference
Do you know the definition of assessed value and how it relates to your property taxes? How about the difference between assessed value vs. market value? We will examine the differences and how they will impact your property tax. If you think assessed value and market value have any correlation with one another, then you […]
Stigmatized Properties: Everything Buyers and Sellers Need to Know
Disclosure of Haunted Homes, Paranormal, Ghosts, and Murder What is stigmatized property, and do you need to disclose it? Stigmatized properties always bring lively discussions among buyers, sellers, and real estate agents. Whenever Halloween rolls around, it is a perfect time to discuss one of the more ghoulish real estate disclosure laws issues. Do you […]
What Are Tract Houses: A Comprehensive Guide Including Pros and Cons
Have you ever seen a grouping of identical little dwellings? Chances are, it was a subdivision built with mass-produced homes. A tract home is a popular and affordable housing option. Connected to other homes on a shared plot of land, these properties are constructed efficiently, resulting in lower prices. While they may lack customization options, […]
What is a Comparative Market Analysis (CMA) and How Does it Work?
Have you heard the real estate term “CMA” and wondered what it was? It’s an abbreviation for comparative market analysis. Sellers and buyers should understand a comparative market analysis in real estate. If you are selling your home, deciding how much to ask can be difficult. Likewise, choosing how much to offer for the home […]
What is a Half Bath and How Are They Different From Other Bathrooms
The Definition of a Half Bath When you are looking to buy a home for the first time, you’re likely to see different and confusing terms. One such term is a 1/2 bath. A half bath is a small room with a toilet and a sink. Half-baths do not come with showers or tubs. Half-baths […]
Best Property Websites For Finding Real Estate Listings
Are you looking to find one of the best property websites? When looking for a home, there is no shortage of housing sites to comb through. There are numerous websites for home buying. Buying a home is a big decision that can be made easier with the help of the right real estate website. We […]
What is an Appraisal Gap Coverage Clause and Guarantee
Many things happen when you buy a new home, and sometimes things don’t go your way. When purchasing with a mortgage, one issue you can have is an appraisal gap. If there is an appraisal gap, you could lose your dream home. We will take an in-depth look at how appraisal gaps work. What is […]
How Do I Sell My House Fast: Tips and Advice For Quick Sales
Do you need to sell a house fast? It’s a question many folks turn to Google for a solid answer. Maybe you are here because of that? One of the most stressful things you can do in life is go through the selling process of your home. This will undoubtedly be heightened if you need […]
How to Figure Out Property Values Using Comps in Real Estate
Have you heard a real estate agent use the word “comps” and wondered what they meant? Understanding a real estate comp will probably be foreign if you are not in the industry. Comps in real estate are comparable sales. Real Estate comps are used to compare and determine the fair market value of a property. […]