Real Estate Term of the Week
Right of First Refusal: A provision in an agreement that requires the owner of a property to give another party...
Does it Makes Sense to Convert Your Rental Property into an Airbnb Unit?
Just as Uber is changing the car transportation business model, Airbnb is changing the way people book their travel for...
Real Estate Term of the Week
HECM: Stands for Home Equity Conversion Mortgage. This is another term for a reverse mortgage. These loans are insured by...
What Is a Reverse Mortgage and How Does It Work?
A reverse mortgage is a type of loan that allows people age 62 or older to convert part of the...
Real Estate Term of the Week
Months of Inventory: An estimate of the amount of time it would take to sell all of the current listings...
Buyer’s Guide to Surviving a Seller’s Market
January 2017 – The market is crazy right now for anyone buying a home under $350,000. There are currently more...
Real Estate Term of the Week
Assessed Value: The valuation placed on property by a public tax assessor for purposes of taxation....
6 Things That Turn Off Buyers During Showings
We all know that things like dated kitchens, funky wallpaper, or lack of an on-suite bathroom can turn away buyers...
Real Estate Term of the Week
Co-signing a Loan: The act of signing for another person’s debt which involves a legal obligation made by the co-signer...
What Happens If You Lose Your Job Just Before Closing on a House?
Here’s a scenario that happens to more people than you might guess. As a couple, you’ve spent several months hunting...
Real Estate Term of the Week
Winterize: To prepare something, such as a house, to withstand cold wintery conditions....
The Winterization Checklist for Vacant Homes
If you’re a seller with a vacant home in winter or a snowbird heading for a warmer climate, you need...