Definitions of Key Real Estate Terms F This article provides the definitions of key estate terms beginning with the letter F. Facilitator is a real estate broker who assists a buyer and seller in reaching an agreement in a real estate transaction but does not have an agency relationship with that party. Fair Housing Act is the federal law that prohibits discrimination in housing based on race, color, religion, sex, handicap, or familial status, and national origin. Fair Market Value is an appraisal term for the most probable price in terms of money that a property, if offered for sale for a … Continue reading...
Key Real Estate Terms W | Myers & Myers Real Estate
Key Real Estate Terms W This article provides the definition of key estate terms beginning with the letter W. Walk Through is a final inspection of a property right before closing. Warranty is a promise that certain stated facts are true. Warranty Deed is a deed in which the grantor fully warrants good clear title to the premises, also called a general warranty deed. Water Rights are common law rights of owners of land adjacent to rivers, lakes, or oceans, and includes restrictions on those rights and land ownership. Water Table is the natural level at which the water is located whether it … Continue reading...
Key Real Estate Terms Numbered | Myers & Myers Real Estate
Definitions Of Key Real Estate Terms Beginning With A Number This article provides the definitions of key estate terms beginning with a number. 721 Exchange is the IRS code, section 721 which permits an investor to contribute a property a partnership. The investor obtains interest in the partnership called operating partnerships. 721 exchanges are often used by Real Estate Investment Trusts or REITs. 1031 Exchange is a swap of one real estate investment property for another that allows capital gains taxes to be deferred. Myers & Myers Real Estate We have some of the best in the business. … Continue reading...
Albuquerque Real Estate Investors | Investment Calculations
Albuquerque Real Estate Investors Investment Calculations Albuquerque real estate investors must know their numbers prior to making an offer on an investment property. Successful Albuquerque real estate investors buy properties based on sound financial principles and not on emotions. I have provided the following formulas to help you understand some of the key financial calculations necessary to create wealth in real estate investing. The following formulas are critical for Albuquerque real estate investors purchasing an investment property to be used as an income producing property. I … Continue reading...
For Sale By Owner Headaches | Albuquerque NM
Albuquerque For Sale By Owner Headaches So you are thinking about a For Sale by Owner, FSBO. Below are some of the challenges you may face. Preparing All The Paperwork Staying in compliance with the laws Pricing your home inappropriately Buyers want the price reduced by the commission savings Sellers must have a comprehensive marketing plan Understanding everything about the home selling process Allowing strangers in your home Strangers showing up at all hours of the day Missed opportunities when away from home Sellers must negotiate all the terms and conditions with … Continue reading...
Home Buyer Tips In Albuquerque | Essential Insights & Tricks
Home Buyer Tips In Albuquerque NM Learn more about our home buyer tips in Albuquerque New Mexico. Buying a home is typically the most expensive purchase a person will make in their life. It is critical to have a plan and to be an educated home buyer. We are confident these tips will help Albuquerque home buyers make an informed decision. Home Buyer Tips - Pick The Right Real Estate Agent This may be one of your most important decisions in the home-buying process. Make sure you find a Real Estate Professional that will represent your needs. And is willing to spend quality time reviewing … Continue reading...
Key Real Estate Terms R | Myers Real Estate
Definitions Of Key Real Estate Terms R This article provides the definitions of key estate terms beginning with the letter R. Radon is a natural occurring gas that may cause health problems. Ready, Willing, and Ready Buyer is one shoe is prepared to buy real estate on the seller's terms and take the steps to consummate the transaction. Real Estate is a legal term that encompasses land along with improvements to the land, such as buildings, fences, wells and other site improvements that are fixed in location. Real Estate Owned (REO) is a term used to describe real property acquired by … Continue reading...
Key Real Estate Terms N | Myers & Myers Real Estate
Definitions Of Key Real Estate Terms N This article provides the definitions of key estate terms beginning with the letter N. Net Lease is a lease requiring the tenant to pay all costs including maintaining the property, property taxes, utilities, repairs, insurance, and the lease payment. Net Listing is a listing base on the net price the seller will receive if the property is sold. Net Operating Income is the income after subtracting from gross income all fixed expenses such as maintenance, property taxes, operating expenses, bad debts, and vacancy allowance. Net Worth is the value after … Continue reading...
Key Real Estate Terms E | Myers & Myers Real Estate
Definitions Of Key Real Estate Terms E This article provides the definitions of key estate terms beginning with the letter E. Early Occupancy refers to the practice of allowing the buyer to take possession of real property before closing. Earnest Money is the cash deposit paid by the prospective buyer of real property as evidence of a good faith intention to complete the transaction. Easement is a right to use the land of another for a specific purpose such as for the right of utilities to install and maintain equipment. Easement by Condemnation is an easement created by the government or … Continue reading...
Key Real Estate Terms B | Myers & Myers Real Estate
Definitions Of Key Real Estate Terms B This article provides the definitions of key estate terms beginning with the letter B. Backup Offer is an offer to buy submitted to a seller with the understanding that the seller has already accepted a prior offer. Balloon Payment is a final payment of a mortgage loan that is considerably larger than the require periodic payments because the loan amount was not fully amortized Bankruptcy is a conditions of financial insolvency in which a person's liabilities exceed asses and the person in unable to pay current debts. Blanket Mortgage is a mortgage … Continue reading...