Category: Real Estate Terms
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Learning From The Best: 100 Real Estate & Investment Quotes To Fuel Your Success
Are you curious about investing and real estate? Do you wonder what the secret recipe for success is? Today, we’re diving deep into the minds of industry experts, gathering insights from leading figures in real estate and investment. We’ve compiled a list of 100 quotes from these pros. You’ll hear from big names like Warren…
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The Residuary Estate In Real Estate: Definition And Application
Real Estate has many terms and legal aspects that need to be understood. One of those is residuary estate in real estate. In real estate terms, residuary estate refers to the collection of assets after distributing other designated assets according to the instructions in a will or trust. Read on as we will provide a…
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What Is Reconciliation In Real Estate And How Is It Used?
In real estate, accurate valuation is crucial for buyers, sellers, lenders, and investors. Appraisers play a significant role in determining the market value of a property by using various approaches. A critical step in the appraisal process is reconciliation, where the appraiser combines the estimates of the value obtained from different approaches to arrive at…
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Guide To Understanding Local Real Estate Property Taxes
Most house owners worry about the local property taxes in the area they live in. The local property taxes can add to the overall cost of owning property in some regions of the United States. Local property taxes are taxes accessed on the property based on several factors, including the location and property value. Accessing…
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Definition Of Single Family Residence Explained
Real estate is a complex industry, and understanding its legal terms can be daunting. There are so many unique terms in real estate. One term that you may come across frequently in real estate transactions is “single-family residence.” It is essential to understand what this means so that you know exactly what type of property…
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Escalation Clause In Real Estate Explained & Examples
In a very competitive real estate market, it is common for a seller to receive several offers for the same property. Depending on your budget and the market you are looking to purchase real estate, it may be necessary to have an escalation clause to buy the real estate you desire. The escalation clause, also…