When you factor in tasks like securing financing, getting a home appraisal and conducting the title search, it can take weeks for a buyer’s needs — called “contingencies” — to be met. After these contingencies are settled, the sale is considered pending until it’s officially completed....
We’ll delve into what an estate sale is, the process behind organizing one, buying tips for first-time goers, and everything else you need to know. Whether you’re a seasoned bargain hunter, a novice treasure seeker, or simply curious about this phenomenon, your journey to mastering the ...
What is considered an A asset? An A asset is an asset that has the lowest risk of default and is the highest quality of asset. Examples of A assets include U.S. Treasury bonds, AAA-rated corporate bonds, and some AAA-rated mortgage-backed securities. ...
If a person has not left a will, the estate is considered intestate. In these cases, local laws will determine who gets the deceased person’s assets, usually the closest living relatives, called the next of kin. In the United States, the American Bar Association estimates that only 40 per...
The value of real assets is often more stable than stocks and bonds, and generally appreciates over time. This can offer protection and smooth returns during an economic downturn. However, as investors saw in the 2008 financial crisis, real estate and the stock market declined simultaneously, so...
Real estate bosses who dare to go against the regulation policies are even willing to falsify data in order to get to the top on the rankings. This is also an open secret in the industry. As regulations tighten, real estate companies are resorting to desperate measures to raise funds regardl...
Danny Hertzberg of the Jills Zeder Group at Coldwell Banker Residential Real Estate inMiami, says, "The penthouse is usually considered the premier and most exclusive floor of a residential buiding." But, he adds, “not all penthouses are created equal. Though the actual top floor is conside...
What Is Absorption Rate in Real Estate? The absorption rate is used in the real estate market to evaluate the rate at which available homes are sold in a specific market during a given period. It is calculated by dividing the number of homes sold in the allotted period by the total ...
Most properties hold current or potential monetary value and are therefore considered to be assets. But properties can simultaneously be liabilities in some situations. Case in point: if a customer sustains an injury on a company's property, the business owner may be legally responsible for paying...
Fee simple: A holder of an estate in fee simple is entitled to all rights in the property. It is the highest type of interest in real estate recognized by law. The estate is of unlimited duration, and when the owner dies, the estate passes to the owner'sheirs. Life estate: A life ...