What is a Mortgage Pre-Approval? | A Complete Guide

If you talk to anyone in the real estate industry about buying a home, one the first things you’ll hear is “have you gotten a mortgage pre-approval”. If you are a serious home buyer, it’s imperative that you get this because it shows sellers that it’s possible for you...
What is the Difference Between a Condo and a Townhouse?

What is the Difference Between a Condo and a Townhouse?

When purchasing a home, you’ll be forced to consider a lot of factors like outdated kitchens, one or two car garages, yard or no yard, etc and one of the most important factors is what type of home you are looking to buy. Buyers will most likely be deciding between a...

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What’s the Difference Between a Title and a Deed?

What’s the Difference Between a Title and a Deed?

In real estate, many people use the term deed and title as if they are the same thing. But in reality, while they are related, they are not the same thing at all.  Definition differences: deed versus title During the home buying process, a deed is a legal document...

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What is FSBO? Know This Beforehand

What is FSBO? Know This Beforehand

So perhaps you’ve been thinking about selling your house, but you don’t want to pay thousands in commissions. Or perhaps, you’re searching for a new home online and keep running across the term “FSBO.” Here is what you need to know.  What does FSBO stand for? FSBO,...

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What is a Listing Agent and Do You Need One?

What is a Listing Agent and Do You Need One?

Selling a house is often stressful and challenging. Luckily, a real estate seller’s agent can help provide services that advise and guide the seller from listing a property and throughout the process of selling a home.  What is a listing agent?  A listing agent...

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What is a Home Appraisal?

What is a Home Appraisal?

When buying or selling a property, a home appraisal is a critical step of the process.  But what is a home appraisal anyway?  Quite simply, a home appraisal is a licensed appraiser’s unbiased opinion (and comprehensive report) of a property’s market value based on...

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What Is an ADU? Things to Know

What Is an ADU? Things to Know

Accessory dwelling units (ADUs) have grown in popularity as home prices rise along with the cost of living. Accessory dwelling units are helping people adapt to these trends by allowing them to share common living spaces with other people. Before building an ADU, it’s...

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What Is a 1031 Exchange: How Do You Use It?

What Is a 1031 Exchange: How Do You Use It?

No, it’s not a vague mailing address - wait, it actually might be. But in real estate, a 1031 exchange is a swap of one investment property for another that allows the deferring of capital gains and depreciation recapture taxes.  What is a 1031 Exchange? The term...

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What Is A Probate Sale? The Basics

What Is A Probate Sale? The Basics

Probate sales can provide unique opportunities to buy a home for less money, but they tend to me more complicated than a traditional real estate transaction because they involve a long and drawn out process. A buyer looking to buy a house in probate will need to...

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Assessed Value Vs Market Value. What’s The Difference?

Assessed Value Vs Market Value. What’s The Difference?

The assessed value and the market value of a home are often very different leading to confusion amongst homeowners. They are viewed as something that should be similar but in reality, they are very different from each other. Usually, the assessed value of a home is...

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What Is a Sheriff Sale?

What Is a Sheriff Sale?

As the name might suggest, a sheriff sale is a court-ordered sale of property, if the property owner is unable to make good on paying for that property.  A sheriff sale is a public auction where property, in real estate obviously this is typically a house, is...

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How to Find Your Property Line – Complete Guide

How to Find Your Property Line – Complete Guide

It might seem obvious when you first move in where your property lines are. You can see the fence, you can see the garage, you can see the backyard, and so on. But that ain’t necessarily so. And that said, figuring out where your property lines are can help keep your...

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What Is a Contingent Sale?

What Is a Contingent Sale?

A contingent sale can be a challenging thing to handle, but they’re manageable if navigated properly. As a real estate term, a contingent sale can sometimes mean that a buyer is unable to purchase a property without selling one they already own due to financing, or it...

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How Much Commission Does a Realtor Make?

How Much Commission Does a Realtor Make?

How much do real estate agents make? Many real estate agents make their money through a commission structure where they are paid directly for services rendered in the sale of a property or the purchase of property. How much commission a real estate agent makes is...

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What is Dual Agency and Why is It Important?

What is Dual Agency and Why is It Important?

What is dual agency? In a standard real estate transaction, there is a buyer's agent that represents the buyer and also a listing agent that represents the seller. In real estate, dual agency is a situation in which a real estate agent simultaneously represents the...

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Contingent vs Pending Sales: What is the Difference?

Contingent vs Pending Sales: What is the Difference?

The difference between contingent vs pending in real estate We’re often asked what the difference is between pending and contingent. Quite simply, when a property is marked as pending, an offer has been accepted by the seller. Contingent deals, on the other hand, are...

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What Does Under Contract Mean?

What Does Under Contract Mean?

When Yogi Berra said a baseball game wasn’t over until it was over, he meant that even as much as a team might be down or up in runs, the game wasn’t decided for good until the last pitch was made. This is also correct for the real estate term “under contract.” When a...

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What is a Single-Family Home? 

What is a Single-Family Home? 

Single family home. It’s one of many odd real estate terms that have sprouted up over the years that you’ll have seen multiple times in your real estate search. So what is a single-family home, exactly, and is it the right type of home for you? What exactly is a...

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What is an Open House?

What is an Open House?

Driving through your neighborhood, you may have seen a sign for an open house. But have you ever wondered what exactly is an open house? Quite simply an open house is when a seller, well, opens their house, and invites potential buyers into the property. Open houses...

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Party Wall Agreement – What is It and Why is It Important?

Party Wall Agreement – What is It and Why is It Important?

We’re sorry to say that party walls aren’t walls where parties are hosted, so you can stop worrying about when you need to supply the wine. Unfortunately, the definition is way more boring than that, even though sometimes, late at night, when you’re trying to sleep,...

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Realtor vs Real Estate Agent- What is the Difference?

Realtor vs Real Estate Agent- What is the Difference?

If you’re considering buying or selling a home, unless you are doing a For-Sale-By-Owner, you will most likely want someone to help you through the real estate transaction process. But, who should you turn to? A real estate agent or a realtor?  Are all licensed real...

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What Is an Easement? What You Should Know

What Is an Easement? What You Should Know

As you go through the home buying process, you may come across the term easement and wonder what it means and how it affects your property value. Easements are very important to a real estate transaction and therefore something you should care about when purchasing...

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What Is a Transaction Broker? Know This Beforehand

What Is a Transaction Broker? Know This Beforehand

Pretty much everybody looking to buy or sell a house knows roughly what a buyer’s agent or seller’s agent is although they might not understand entirely what each does for their respective parties. However, recently in many states, transaction brokers have started to...

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What Does Active Contingent Mean?

What Does Active Contingent Mean?

If you're searching for a new house online, you've probably seen a lot of industry lingo which can get confusing. From active to pending to contingent, you've probably seen it all. But really, what does active contingent mean? When a property is marked as contingent,...

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