What is a Fixer-Upper?
A fixer-upper is a property that needs repairs or renovations before it can be lived in. Fixer-uppers can be a good investment for buyers...
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professor566
Feb 241 min read
What is a Flood Zone?
A flood zone is an area designated by the Federal Emergency Management Agency (FEMA) as being at risk of flooding. Knowing the flood zone...
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professor566
Feb 231 min read
What is Foreclosure?
In a basic definition, foreclosure is the legal process by which a lender takes possession of a property when the borrower defaults on...
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professor566
Feb 221 min read
What is a Foundation?
A foundation is the structural support system of a building. A strong foundation is essential for the stability and safety of a home....
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professor566
Feb 211 min read
What is Escheat?
Escheat, in general, refers to the reversion of property to the government when there is no clear owner. This can happen in various...
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professor566
Feb 201 min read
What is Eminent Domain?
Eminent domain is the power of the government to take private property for public use, with just compensation - fair market value -...
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professor566
Feb 181 min read
What is an Estate
The term "estate" in real estate can have two different meanings, depending on the context: "Estate" can refer to the entire physical...
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professor566
Feb 171 min read
What is Escrow?
In some areas a real estate transaction includes the use of a closing or settlement company. Escrow refers to a legal arrangement where a...
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professor566
Feb 161 min read
What is Equity?
In real estate, equity refers to the percentage of the property's market value that you truly own. Think of it as the portion of the...
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professor566
Feb 151 min read
What is an Easement?
An easement is legal right for one party to use a portion of another person's property for a specific purpose, such as ingress and...
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professor566
Feb 111 min read
What is a Back Yard?
A backyard is more than just a space, it is a tapestry woven with memories, laughter, and imagination. It is a stage for endless tales, a...
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professor566
Feb 101 min read
What is a Deed of Trust?
A deed of trust or trust deed is a legal document used in some states as an alternative to a mortgage. In a deed of trust, the property...
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professor566
Feb 91 min read
What is Depreciation?
Depreciation is the decrease in the value of a property over time due to wear and tear, obsolescence, or other factors. Would you like to...
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professor566
Feb 81 min read
What is a Default?
A default occurs when a borrower fails to make a mortgage payment or otherwise violates the terms of their loan agreement. Would you like...
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professor566
Feb 71 min read
What is a Deed?
A deed is a legal document that transfers ownership of real estate. The grantor conveys the interest that they have to the grantee....
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professor566
Feb 61 min read
What are Days on Market?
Days on market are the number of days a property has been listed for sale. Would you like to learn more about Real Estate? Have you ever...
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professor566
Feb 41 min read
What is Capitalization Rate?
A capitalization rate, sometimes called a Cap Rate, is a metric used to estimate the rate of return on a property investment. Would you...
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professor566
Feb 31 min read
What is Chain of Title?
A chain of title is a record documenting the history of ownership for a property reaching back to the original owner. Would you like to...
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professor566
Feb 21 min read
What are Covenant, Condition, and Restrictions?
Covenant, condition, and restrictions, sometimes referred to as CC&Rs, are the rules governing the use and maintenance of condominiums or...
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professor566
Feb 11 min read
What is a Cape Cod?
A Cape Cod is a two-story house style with a central fireplace and gabled roof. Would you like to learn more about Real Estate? Have you...
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