Author: Anita Hummel
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What Is The Target Customer Segment For Smart Homes?
One of the most exciting real estate trends in the smart home trend. It is interesting to understand what type of customer is usually driven by the smart home trend. When thinking about a smart home, it is good to understand what type of people are drawn to want to purchase and live in a…
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What Is The Chattel Principle In Real Estate?
Chattel is a funny-sounding real estate term that matters when buying or selling a property. The chattel title is movable or tangible personal property in real estate. Property can be moved from one location to another, such as furniture, machinery, automobiles, and mobile or manufactured homes. It has properties that are not fixed on any…
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What Is The Difference Between Chattel And A Fixture?
If you want to buy a house, you may hear someone talk about the chattel or tangible personal property and the fixture. You need to understand these differences since it will help you know what is included in your purchase agreement and your purchase and sale documents. A chattel is a tangible personal asset in…
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What Is An Improvement Assessment in Property?
Land and property are assets that will usually appreciate when you improve the property. If you do not improve or maintain your property, the value can decline. The improvement assessment is how your property’s improvements are assessed for tax purposes. Each county in the United States may have different rules for assessing property improvements, so…
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What Is An Example Of Appurtenance?
When you are looking at Real Estate, many terms may seem unfamiliar. One of those terms is Appurtenance. An appurtenance is attaining to or being attached to the property. An appurtenance is when the attachment becomes part of the property. Appurtenance includes light fixtures, furnaces, air conditioners, barns, sheds, fences, and swimming pools. Anything attached…
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What Is The Meaning Of ‘Freehold’ In Real Estate?
When you hear a property is “freehold,” it is important to understand what it means when it is considered freehold. Freehold property means the land or property is legally free from hold by any party other than the owner. The owner is the rightful owner of the property and can use or dispose of it.…