Generally, real property never depreciates in value, or more so, it is not very common for property to depreciate. This is why it’s a great investment. Make sure you carefully consider location and community when choosing a home, it can effect the homes future value greatly.
If you are in a newly developed area, do some research on the construction of the surrounding areas being developed to determine if they may effect your homes value.
Closing costs are expenses incurred by buyers and sellers in transferring ownership of a property.
An agent who is authorized to open and run his/her own agency. All Real Estate offices have one principal broker.
A contingency is a provision included in a sales contract stating that certain events must occur or certain conditions must be met before the contract is valid.
A debt-to-income ratio is the percentage of a person’s monthly earnings used to pay off all debt obligations.
Title insurance is insurance that protects the lender and buyer against any losses incurred from disputes over the title of a property.
A real estate agent is more than just a sales person. A real estate agent may act on your behalf, providing you with advice and guidance when buying or selling a home. Due to the constant changing of the market, the information available on listings is not always 100% accurate. There are times when you need the most current information about what has sold or is for sale, and the only way to get that is with a real estate agent.
If you are in the market to buy, it would be advisable to use a Buyer’s Agent. They can make recommendations on what terms and prices to offer as well as negotiating a deal with your best interest in mind.
Generally, real property never depreciates in value, or more so, it is not very common for property to depreciate. This is why it’s a great investment. Make sure you carefully consider location and community when choosing a home, it can effect the homes future value greatly.
If you are in a newly developed area, do some research on the construction of the surrounding areas being developed to determine if they may effect your homes value.
Closing costs are expenses incurred by buyers and sellers in transferring ownership of a property.
An agent who is authorized to open and run his/her own agency. All Real Estate offices have one principal broker.
A contingency is a provision included in a sales contract stating that certain events must occur or certain conditions must be met before the contract is valid.
A debt-to-income ratio is the percentage of a person’s monthly earnings used to pay off all debt obligations.
Title insurance is insurance that protects the lender and buyer against any losses incurred from disputes over the title of a property.
A real estate agent is more than just a sales person. A real estate agent may act on your behalf, providing you with advice and guidance when buying or selling a home. Due to the constant changing of the market, the information available on listings is not always 100% accurate. There are times when you need the most current information about what has sold or is for sale, and the only way to get that is with a real estate agent.
If you are in the market to buy, it would be advisable to use a Buyer’s Agent. They can make recommendations on what terms and prices to offer as well as negotiating a deal with your best interest in mind.