The housing market has gone through many changes as a result of the pandemic and its economic consequences. Seemingly gone are the days when home prices were reasonable and buyers had the luxury of taking their time to really weigh the pros and cons of a property and linger with their offer-making efforts. These days […]
Tag: real estate terms
Could a Multi-Family Home Be Right for You?
With the current inflationary costs continuing to surge in the real estate market, many buyers are thinking “outside the box” when it comes to creative ways to purchase and own a home. One option you may not have considered is how a multi-family home might be right for you. What is a Multi-family Home? For […]
What is Escrow?
Escrow Defined Escrow is a legal arrangement in which a third party temporarily holds money or property until a particular condition has been met (such as the fulfillment of a purchase agreement). Who Is Involved with Escrow? There is a litany of people who are involved when it comes to escrow. First, there is the […]
What Happens at a Real Estate Closing?
When you envision a real estate closing you may think back to movie images or your own past experiences where there are lots of people wearing suits, oversized mahogany tables, and fancy pens held by buyers and sellers who are signing paper documents ad nauseum. While it’s true that some in-person closings still involve big […]
10 Real Estate Terms You Should Know
In the world of real estate, like any field or area of specialty, there are hundreds of words and acronyms the average buyer or seller may not be familiar with. While your trusted real estate professional should be able to guide you through your own process of selling or purchasing a home by helping to […]
Are You Buying a Home with Your Heart or Your Head?
With Valentine’s Day in the air, now is a good time to assess whether or not you are buying a home with your heart or your head. Sure, a good mix of both is probably in order, but you should be aware of some common pitfalls when your home search and purchase tend to lean […]
What Is an Appraisal Gap?
These days, more than ever, it is vital for homeowners to educate themselves on all manner of terms and lingo surrounding the purchasing experience. One such term that you may not be familiar with is, “appraisal gap.” Below you will discover what an appraisal gap is and what you need to know in order to […]
The Best Advice from Real Estate Investment Pros
Whether you consider yourself a real estate investor or simply consider yourself a homeowner, many people find that homeownership can be a jumping-off point for considering their home beyond a primary residence. In fact, some military families initially purchase their homes to live in during a duty assignment but realize soon that upon PCSing, they […]
The Ideal Buying Experience
When it comes time to purchase a home, whether it’s your first time or your tenth, there are several things to keep in mind in order for the buying experience to be a smooth one for buyer, seller, and real estate agent alike. Below are three tips on how to maximize the experience. Crunch the […]
Capital Gains Rules for Military Families
When service families make a home purchase they often do so with a potentially limited understanding of the tax implications. During the time of occupancy, tax returns become more complex as home depreciation, interest paid, and other expenses may be itemized and deducted. Whether by design or by default, many military families decide to turn […]