Have you seen the letters CDOM in some real estate listing websites and wondered what it meant? CDOM and DOM are two acronyms you will likely see when looking for a home to purchase. These real estate terms are similar but have slightly different meanings. CDOM stands for cumulative days on market and DOM stands […]
How to Get a Land Appraisal Near Me
A land appraisal is a process of assessing the value of land. This assessment can determine the amount of compensation a property owner will receive for their property. Like a property appraisal, a land appraiser will research the land and compare it to other similar land parcels sold in the general area. Land appraisals can […]
What Will Building a Container Home Cost?
Container homes are becoming more and more popular. Many people want to know how much a container home costs. There are many reasons why people are building shipping container homes. These homes can be inexpensive to create and provide a comfortable living space while being portable. The architecture of the building is unique and appeals […]
How Much is an Acre of Land: Size and Value Reviewed
What is an Acre of Land? Over the years, while working as a real estate agent, two common questions I’ve received is how much is an acre of land and how big is an acre. Sometimes the person asking is wondering how large is an acre in square feet, and other times they want to […]
What is a Clean Title in Real Estate
If you have never bought or sold a home before, you may wonder what a clean or clear title means? A clear title is a vital factor in real estate transactions. It means that there are no outstanding mortgages, liens, judgments, claims, or other encumbrances against the property. If an owner of a home has […]
What is an Appraisal Waiver
Everything You Need to Know About Waiving an Appraisal Contingency When buying a home, the property appraisal can be a difficult stage. A real estate appraiser will evaluate the property to ensure that the buyer isn’t offering more money than the home is worth. If the home appraisal comes in lower than hoped, it could […]
How to Use Gift Letters For Your Mortgage and Down Payment
What to Know About Gift Letters to Obtain a Mortgage Are you wondering about the rules surrounding down payment gifts when getting a mortgage to purchase a house? Understanding how to use a gift letter for your mortgage is essential. Finding the money to make a down payment on a house can be demanding, so […]
Making Offers on Houses: What You Need to Know
How to Make an Offer For a House Buying a house in today’s competitive market can be a real challenge. Potential buyers need to understand that making offers could become a routine before landing your dream house. It’s an extreme seller’s market where a bidding war is a norm and not the exception. It’s a […]
What is The Average Real Estate Commission
What Do Real Estate Agents Charge For Commission? One of the most asked questions in real estate is, “how much is the real estate commission”? You should know from the get-go that commission on real estate is entirely negotiable. Nothing anywhere says a commission needs to be a certain amount of money. Real Estate agent […]
What Does Turnkey Mean in Real Estate: Turn Key Housing Explained
Many terms will be new to you when you enter the real estate market. A turn-key home might be one term you hear, but what does it mean? It is not uncommon for a buyer or seller to ask a real estate agent what does turnkey mean. Before you decide to invest your money into […]