The real estate industry has undergone numerous evolutions to accommodate the diverse needs of the housing market. New concepts and multiple abbreviations have popped up, making it hard for people to recognize and understand what each term refers to. For example, what’s MLS, DOM, pre-qual, and now the elusive TNAS? For the uninitiated, TNAS means…
Real estate is real property consisting of land and improvements, including structures like buildings and roads. It involves dealing with property and giving customers the right and titles of ownership. Advertisements play a large role in real estate as they help spread the word around regarding real estate and bring in customers. Real estate ads…
The purchase of real estate is among the most important investments most Americans make in their lifetimes. According to ICLG, subdividers must comply with real estate laws when offering new properties for sale and abide by the terms of the agreement at the time of purchase. Therefore, before marketing any new subdivisions in any state,…
What does CFD stand for in the world of real estate? What is a CFD? What are they used for? What can you do with them, and what are some of the things to keep an eye out for when trading CFDs? You’ll find all this information below. What does CFD mean? CFD in real…
R4 Zoning is a Residential Zone in real estate. It’s often used for apartment complexes, but many other uses are permitted. It’s also sometimes called “Multi-Family”. R4 zoning can be applied to single-family homes and duplexes as well, meaning that it has the potential to greatly increase the density of an area. This type of…
In June 2021, home sales saw no change in the South, but they rose by 1.4% in the West, Midwest, and Northeast regions. The house types in question included single-family homes, co-ops, and condos. We can safely say that real estate sale prices haven’t reached a point at which buying a property is impossible. The…
If you feel that being an independent realtor is not enough then why not spread your wings? It’s time that you started your own P.A. The abbreviation PA stands for “Professional Association, which allows you to run a corporation under an LLC or a P.A. Most real estate agents prefer to be the latter because…
In the realm of real estate, CFD stands for ‘Contract For Deed’. This is a type of sales contract that facilitates the purchase of property to buyers who are unable to procure finances through traditional means such as mortgage loans. The buyer makes monthly payments to the seller and will only receive the title to…
Most buyers looking to purchase a home or commercial property often overlook the “other costs”, and only consider the down payment and monthly installments. First-time or inexperienced property sellers don’t think beyond the high agent fees or commission, since it’s the biggest expense that shows up on the balance statement. However, there’s a list of…
It’s always a wise decision to make yourself aware of the associated upfront costs, whether you’re buying or selling a property. For example, home sellers and buyers have to pay for the transfer tax, conveyance tax, and revenue stamps to finalize the deed even after the initial sale price has been detailed. Out of all…