If you are the owner of a condemned property, you may wonder what will happen to your house. Condemned houses often bring a certain amount of curiosity. You may have even driven by condemned houses with signs saying as much. There are likely no trespassing signs to keep people away from what could be a […]

Buyer’s Market vs. Seller’s Market One of the questions real estate agents get asked is whether it is a buyer’s or seller’s market. A buyer’s market is characterized by high inventory and lower demand for housing. A seller’s market is just the opposite. There is low inventory and high demand. Over the last few years, […]

Have you heard the term “kick-out clause” and wondered what it meant? In many home sales, time is essential. The seller might need their buyer to close on the home in a certain period. The problem is that many things often get in the way of things going the way you want. Often contingencies can […]

Appraisal vs. Market Analysis Specific real estate terms can be confusing when buying or selling a home. Sometimes they seem to mean the same thing but is that the case? The perfect example is a comparative market analysis and a real estate appraisal. Many buyers and sellers will ask a real estate agent, “is a […]

Real estate can be confusing when you’re not practicing it every day. As real estate agents, we sometimes think consumers understand all the nuances of our business. Real estate terms are often used as a standard part of everyone’s language. Unfortunately, that is not the case. There are many meanings of things that escape the […]

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 […]

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 […]

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 […]

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 […]

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 […]