What is Roofing?
Roofing is the material that covers the roof of a building. Roofing can be made from a variety of materials, such as asphalt shingles,...
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professor566
Dec 8, 20231 min read
What is a Ready, Willing & Able Buyer?
A ready, willing, and able buyer is a potential buyer who is qualified to purchase a property and has the means to do so. Would you like...
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professor566
Dec 7, 20231 min read
What is Radon?
Radon is a radioactive gas that can occur naturally in some soils and rocks. It can seep into homes through cracks in the foundation and...
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professor566
Dec 3, 20231 min read
What is Quiet Title?
An action to quiet title is a legal proceeding in which a party seeks to establish their legal ownership of a property and remove any...
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professor566
Dec 2, 20231 min read
What is Quiet Enjoyment?
The right of quiet enjoyment allows the property owner to use and enjoy their property without interference from others. Would you like...
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professor566
Dec 1, 20231 min read
What is A Quitclaim Deed?
A quitclaim deed is a type of deed that transfers whatever interest the grantor has in a property to the grantee. There is little or no...
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professor566
Nov 30, 20231 min read
What is a Queen Anne Style House?
A Queen Anne style house has architecture popular in the late 17th and early 18th centuries, characterized by symmetrical facades, bay...
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professor566
Nov 29, 20231 min read
Who is a Quantity Surveyor?
A quantity surveyor is a professional who estimates, plans and manages construction costs - plus predicting any potential risks and steps...
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professor566
Nov 28, 20231 min read
What is a Qualifying Ratio?
A qualifying ratio is a debt-to-income ratio used by lenders to assess a borrower's ability to repay a mortgage. One way a qualifying...
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professor566
Nov 26, 20231 min read
What is a Party Wall?
A party wall is a wall that is shared by two or more properties. For example, the common wall between two adjacent condominium units...
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professor566
Nov 25, 20231 min read
What is Roof Pitch?
The pitch or slope of a roof is the angle from the lowest point to the peak. It's expressed as a faction of the number of inches of...
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professor566
Nov 24, 20231 min read
What is a Percolation Test?
A percolation test (perc test) is used to determine the suitability of a piece of land for a septic tank. The percolation rate indicates...
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professor566
Nov 23, 20231 min read
What is a Point of Beginning?
A point of beginning, or POB, is the starting point for a property boundary description. A metes and bounds description starts at the POB...
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professor566
Nov 22, 20231 min read
What is a Plat Map?
A plat is a map that shows the boundaries of a property. For example, a plat of a subdivision will show the entire subdivision, its legal...
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professor566
Nov 21, 20231 min read
What is a Porte-Cochère?
A porte-cochère is a covered entrance to a building, like a porch, where vehicles stop to discharge passengers. Would you like to learn...
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professor566
Nov 17, 20231 min read
What is An Option?
An option contract gives a buyer the right, but not the obligation, to purchase a property at a specified price within a specified...
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professor566
Nov 17, 20231 min read
What is An Open House?
An open house is a scheduled event where a property for sale is open for viewing by potential buyers without requiring an appointment....
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professor566
Nov 17, 20231 min read
What is An Offer?
An offer is a formal proposal made usually by a buyer to a seller to purchase a property. Would you like to learn more about Real Estate?...
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professor566
Nov 16, 20231 min read
What is a Novation?
A novation is new agreement that replaces an existing agreement. In real estate, novation is often used to modify the terms of a...
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professor566
Nov 15, 20231 min read
What is Net Operating Income?
Net operating income (NOI) is the income a property generates after deducting operating expenses such as property taxes, insurance, and...
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