Real Estate Basics

Subject to in real estate refers to a specific type of property acquisition where a buyer assumes the seller’s existing mortgage. This approach enables the buyer to take over the property’s financial obligations without having to obtain a new loan. Subject to transactions can be beneficial for both buyers and sellers, as they offer flexibility […]

In the world of real estate, leads play a crucial role in the success of professionals. But what exactly are leads, and what do they mean in the property industry? Leads refer to potential clients who have shown some level of interest in buying or selling property. They are essentially the lifeblood of the real

Condemnation is a legal process that carries significant implications for property owners in the realm of real estate. This process involves a government entity exercising its power to take private property for public use. Condemnation can impact property rights and may require the government to provide just compensation to affected property owners. Understanding the definition

When it comes to property transactions, there are various terms and processes that can be confusing for buyers and sellers. One such term is Close of Escrow, commonly referred to as COE. COE is a critical stage in a real estate transaction as it signifies the transfer of legal ownership from the seller to the

Real estate jargon can be overwhelming, especially if you’re new to property investments. One of the terms you may have come across is ARV, which stands for After Repair Value. But, what does ARV actually mean and how does it impact property investments? In this section, we will explore the meaning and significance of ARV

Planned Unit Developments (PUDs) have become an increasingly popular choice for real estate developers in recent years. In the property market, PUDs are a term often used to describe a type of residential or mixed-use development that incorporates a range of housing types and community amenities. Simply put, a PUD is a planned community that

TRID, or the TILA-RESPA Integrated Disclosure, is a set of regulations established by the Consumer Financial Protection Bureau (CFPB) in 2015. Its purpose is to provide transparency and clarity in real estate transactions by standardizing disclosure requirements for property buyers and sellers. TRID impacts various stages of property transactions, including mortgage loan applications and closing

REO, or Real Estate Owned, is a term used to describe properties that have been foreclosed on by lenders and subsequently become the property of the lender. Understanding REO is crucial for anyone looking to invest in or purchase property in the United States real estate market. The implications of REO are important to note.

When searching for a new home or looking to sell, you may come across the term “pending” in real estate listings or conversations with real estate agents. But what does this term actually mean? Essentially, a property is considered to be in pending status when an offer has been made and accepted, but the final

When it comes to real estate, making informed decisions is crucial. This is where Comparative Market Analysis (CMA) comes in. CMA is a tool used in the real estate industry to determine a property’s value by comparing it to similar properties in the same market. It is a detailed analysis that takes into account various