Homeowners Association (HOA) Insurance is a necessity for property owners in certain communities and residencies. Homeowners who reside in planned communities and condominiums nearly always have HOA fees, while some single-family homes will also be subject to HOA membership—particularly for those in neighborhoods with community facilities like tennis courts and swimming pools. The [...]
The real estate industry is chock full of complex jargon. For real estate buyers and sellers, this can make an already complicated process that much more unnerving. And although you’ll have a real estate agent beside you to help you navigate tricky terms, knowing some of the most common contractual terms can make the process [...]
For sale by owner homes (FSBO) are homes that, as the name implies, are sold directly from the homeowner. When a homeowner sells directly to a buyer, no agent is involved, which is expected to save the seller a hefty commission fee. But as the saying goes, if it sounds too good to be true, [...]
One of the biggest questions potential homeowners ask themselves when they enter the real estate home search is “Do I really need a real estate agent?” With the proliferation of technology, there are dozens of new tools and platforms to guide buyers through the process. Many of the tasks that were bottlenecked many years ago [...]
In any industry, it’s important for new companies to lead innovative changes. Technology has proliferated across many niches, and real estate is no different. Startups are integral to these innovative changes, and the rise in startups indicates that there’s a lower barrier to entry than ever. The following startups are changing the real estate industry [...]
Getting into real estate is an investment, whether you’re a long-term real estate investor or merely a couple purchasing your first home. However, everyone—from expert to novice investors—is at risk for making crucial mistakes that hurt their pockets and possibly their careers and reputations. Rather than learn from your own mistakes, it helps to learn [...]
A dual agent is someone who works with both the buyer and seller in a single real estate transaction. Understanding dual agency can be very confusing for people who don’t know what they’re getting into, especially when you’re purchasing a home for the first time. In real estate, the term “agency” describes the type of [...]
A starter home is a home that’s ideal for a first-time property buyer. There are varying definitions of a starter home, however, they typically consist of the same common themes. A starter home is defined as property that buyers want and need at the current point in time. These homes meet temporary buyers’ requirements and [...]
Jumping into the real estate scene can become really intimidating. If you’re new to home buying, learning how to navigate tricky real estate jargon and terms can take up much more time than you’d initially thought. And unfortunately, there are many scams out there, preying on unwilling victims who don’t know what to expect or [...]
House flipping is the process of purchasing a property, rehabilitating it, and selling it for a profit later down the line. If you take the proper steps, house flipping can be a highly lucrative endeavor. If not, you’ll wind up wasting plenty of time and money. If you make a bad decision, you could end [...]
