In the real estate world there are two types of property. There is the real property from which real estate gets it's name:
all land, structures, firmly attached and integrated equipment (such as light fixtures or a well pump), anything growing on the land, and all "interests" in the property which may be the right to future ownership (remainder), … [Read More...]
If it's been awhile since you've sold a home, I have news for you. Things are a little different nowadays.
For one thing, there is this really cool thing called The Internet. It's amazing. It links people together and it provides massive amounts of information in almost real time. I mean, you can see how much a house is being sold for, pictures … [Read More...]
The MLS or Multiple Listing Service - known as MRIS in this area - is a resource that can be absolutely invaluable when it comes time to sell your home. It's also a pretty good friend when you're buying a home. Of course, there's a catch to it. The catch is your Realtor.
The MLS is a service that Realtors subscribe to in order to input … [Read More...]
This blog post might be the start of some mini-rants from situations I run into from time to time.
This first one is about how people, trying to increase the value of their homes, really grasp for straws tying to justify why their home should go for a much higher price than a similar house down the block and around the corner.
What Really … [Read More...]
Carpet allowance. Painting allowance. My house needs some upkeep allowance.
Whatever you want to call it, the idea is that the home owner doesn't want to spend the money to replace the carpet or paint or do whatever. Instead, they want to provide the potential home buyer with some money to do it themselves once they move in. Sometimes this shows … [Read More...]