Monthly Archives: May 2018

Real Estate Term of the Week

Sold As Is: The sale of a property in its current state, with an understanding that no repairs will be made and that the home will come with all its current faults and issues

Buying or Selling a Home “As Is”

A home that is sold “as is” typically means that it’s offered in its current condition and the seller will not make any repairs or improvements or give any credits to the buyer. When...

Real Estate Term of the Week

Escalation Clause: Part of a real estate purchase contract that lets a home buyer say “I will pay X price for this home, but if the seller receives another offer that’s higher than mine,...

Real Estate Term of the Week

Property Value: The worth of a piece of real estate based on the price that a buyer and seller agree upon. According to economic theory, the value of a property converges at the point...

Trees Grow Property Value

It’s easy to see how well-landscaped yards entice more buyers to a home. But did you know that homes with mature trees and bushes often sell quicker and for higher prices? Some studies suggest...

Real Estate Term of the Week

APR (Annual Percentage Rate): The APR is a measure of the cost to you of borrowing money. The APR reflects not only the interest rate but also the points, mortgage broker fees, and other...