The Difference Between a Homeowner’s Insurance Policy and a Home Warranty
Do you as a homeowners know the difference between a homeowner's insurance policy and a home warranty? There is a distinct difference between the two.
Do you as a homeowners know the difference between a homeowner's insurance policy and a home warranty? There is a distinct difference between the two.
From time to time the terms "contingent" and "pending" are used interchangeably in a real estate transaction. While they have similar meanings, they are unique.
New technologies are continuing to be introduced and adapted by consumers to make homes "smarter." This "smart technology's" goal is to make life easier, safer and more convenient for homeowners.
It is no secret that consumer prices have gone up and we have been experiencing a high inflation rate in the United States. You may be using your savings to keep up with higher gas prices, food prices, consumer products prices and consumer service prices.
There are two ways in which home values can be estimated by real estate professionals. A comparable market analysis can be prepared, or an appraisal can be performed.
There are many terms used in real estate transactions that home buyers and sellers may not completely understand. The terms title and deed often fall into that category.
The real estate market is expected to change in 2023. The National Association of Realtors (NAR) reports that "the median home value in 2022 was $386,300, up 10.2% from 2021 and the highest on record."
Owning raw land has real potential along with its share of pitfalls. Whether you decide to hold it and sell when real property values climb or -- alternatively -- develop the lot to convey at a higher price, you are subject to forces of market, timing and competition.
Having bought and assumed ownership of a raw land lot (or lots), the new owner faces the challenge posed by local rules and regulations. Ideally, this comes as no surprise and the owner is prepared to do what is necessary to bring the property into legal compliance.