When you buy your first home or get ready to sell your home, there are a few terms you may be intimidated by. However, there's no reason to be. Here are a few common real estate terms you should know before buying or selling a home.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
Appraisal and Assessed Value
Appraisal and assessed value seem to refer to the same things, but in reality, they're very different. The appraisal happens during the escrow process. Before a bank will loan a home buyer money, they must first determine whether the house is worth the amount given in the purchase agreement.
The lender determines this by sending an appraiser to
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Nashville is proving to be very popular as a choice for property investors across the United States who are looking for second homes for their family or just investment homes to rent in the area. There are some things you need to watch out for when starting out on your property investment journey and we wanted to give you some pointers to help you along on your journey.
Federal fair housing laws are important for everyone to know, whether they’re buying, selling, or even renting out a property. Fair housing laws protect buyers and tenants from being discriminated against. Buyers and renters need to know these laws to protect themselves, and sellers and landlords need to know them to keep from accidentally violating federal law. Here is what everyone needs to know about federal fair housing laws.
As people get older, their health begins to decline. Poor balance, weak muscles, and joint issues are just a few of the problems that creep up on people as they transition into being a senior. However, there's no need to move into a smaller house or assisted living just yet—if Spring Hill homeowners take proactive measures, they can renovate their home to allow them to age in place. Here are a few tips to get started.
When the money is just not there for the mortgage payment, it is often quite tempting to simply duck down and hope for the best. Unfortunately, that is the worst thing a Murfreesboro homeowner can do as they fall behind in their house payments. Foreclosure can follow fairly quickly after the payments stop coming in, so immediate action is warranted. Use the following steps to get out of this mess and prevent the lender from taking the property.
Thinking about moving a long way from a current domicile? While packing and loading a truck is easy, there's quite a bit more that must be taken into account before hitting the road and calling it a victory. Here are some long-distance moving tips and essential actions for Hendersonville homeowners to address before departure.
Life is complicated. And at first glance, you may also think that purchasing a home is just as complicated. At least, it may seem that way once you realize that a fully executed real estate contract may have a dozen or more pages.
Financing a home with a long-term mortgage is the most common way to buy a home in America, but a surprisingly large percentage of homeowners own their homes outright. Interest rates seesaw up and down, and home prices tend to appreciate over time. As long as owners are able to make the required monthly payments, all seems okay. But how has this system evolved over the years?
Working from home certainly isn't a new thing, but it's a trend that's starting to be noticed by new home builders more and more, and especially here in the Nashville area where job growth continues to be on the rise.