Monthly Archives: July 2018

Real Estate Term of the Week

Heat Exchanger: A device used to transfer heat from one fluid to another without direct contact of the fluids. Heat exchangers usually maximize the transfer of heat by maximizing the contact surface area between...

Issues A Home Inspector Might Miss

A home inspection is a series of standard checks regarding the mechanical functions and general condition of a home. Essentially, buyers want to know if there are any serious faults with the house that...

Real Estate Term of the Week

Construction Contract: A legal document which specifies the details of a construction project. A good construction contract will include (1) the contractor’s registration number; (2) a statement of work quality such as ‘Standard Practices...

Real Estate Term of the Week

Consideration: Something of value bargained for in exchange of real estate. Money is the most common form of consideration, but other consideration of value, such as other property in exchange, or a promise to...

Lessons on Market Value and Price

You might think in a tight sellers’ market that sellers are setting the bar for the market value of real estate in your neighborhood. In reality, market value is the price that most buyers...