Author: Anita Hummel
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The Real Estate Bundle Of Rights Explained
When looking to buy, sell or learn about real estate, you must understand some terms that people will use together with real estate. One of these terms is known as the bundle of rights. A bundle of rights is your right as a property owner. It is all the different rights you have to your…
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Manufactured Vs. Modular Homes, How Can You Tell?
Pre-built housing is quickly becoming an alternative to what is known as traditionally constructed on-site homes. The reason is that these homes often can be cheaper and are still of high quality than traditional onsite built homes. Manufactured homes are built to HUD standards. Before 1976, Manufactured homes were known as mobile homes. Modular homes…
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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…