A settlement statement is a document provided three days from closing that details every individual cost related to a real estate transaction.
The document that used to be called a settlement statement has evolved over time into what is now known as a closing disclosure.
investment trusts, are companies that own or finance income-producing real estate across a range of property sectors. These real estate companies have to meet a number of requirements to qualify as REITs. Most REITs trade on major stock exchanges, and they offer a number of benefits to ...
The term "Subject To" is often used in reference to a property that is sold subject to an existing loan. The seller's existing mortgage remains in place after the property is sold, while the new buyer continues making payments for the remaining life of t
In terms of commercial real estate, occupancy is simply the amount of space occupied by paying tenants in a multi-tenant property. With office, retail and industrial properties, obtaining accurate occupancy information is relatively easy because property owners and leasing agents are open to divulge ...
Let’s now suppose a competing offer comes in at $510,000. Your escalation clause automatically ups your bid from $500,000 to $520,000 (beating the other offer by $10,000). It may be helpful to consult a real estate professional to ensure your clause is written effectively. The clause...
Real estate agents are licensed professionals who get compensated for representing buyers and sellers in property transactions.
In real estate, a conditional offer is a condition of sale that is agreed upon by both the buyer and the seller. The time frame set is important when it comes to such offers because if the condition isn't met within the specified time, the agreement is void and the buyer receives the ...
This blog helps you learn about real estate investing, the process to do it and why should you include real estate in your portfolio! Check this blog now.
What is redlining in real estate? Redlining, both as a term and a practice, is often cited as originating with the federal Home Owners’ Loan Corporation (HOLC), a government agency created during the 1930s New Deal intended to aid homeowners who were in default on their mortgages and in...