Key takeaways: Real estate contracts must include key elements like the offer, acceptance, and consideration to be legally binding. Missing or unclear terms can lead to disputes, delays, or even failed transactions. Buyers, sellers, and investors can avoid pitfalls by understanding essential contract elements and reading every clause carefully. Real estate contracts are the backbone of every property...
Key takeaways: Buyer concessions are seller-offered incentives that make a home purchase more affordable for buyers. Common types include covering closing costs, repair credits, mortgage rate buy-downs, and HOA fees. Concessions can help sellers attract buyers in slower markets and ease financial stress for first-time buyers. What are buyer concessions in real estate? When you’re buying a home, the...
If you tried to buy a home a few years ago, you probably still remember the...
One of the most important things to do after buying a home is take steps to keep it safe. For some, that might mean installing security cameras or other safety measures. But something as simple as changing locks on your house can go a long way when it comes to adding an extra layer of security. So, how do you replace the locks in your house? And should you call a professional, or is this a potential DIY...
When it comes to selling your home, first impressions matter, especially for the home appraisal. To boost your chances of a higher valuation, sellers should focus on improving curb appeal, completing minor repairs, decluttering, and providing accurate records of upgrades. Whether you’re selling a home in Austin, TX, Denver, CO, or Raleigh, NC, this Redfin guide will walk you through practical tips...
Not every homebuyer wants the biggest house on the...
If you’re selling an empty house, vacant home staging is key to attract buyers and close quickly. A well-staged vacant home helps buyers connect emotionally, visualize the space, and ultimately make stronger offers. Without it, even the most beautiful listing can feel cold, confusing, or forgettable. Whether you’re selling your home in South Fulton, GA or staging a property in Wilson, NC,...
Thinking about buying another property? Maybe a lakefront house in Wisconsin for weekend getaways, or a duplex in Austin that could bring in steady rental income. While both sound appealing, the IRS and mortgage lenders treat second homes and investment properties very differently. Financing, taxes, and usage rules all change depending on how the property is classified. Knowing these differences upfront...
Key takeaways Duplexes, triplexes, and fourplexes let you live in one unit while renting out others. They offer strong rental income potential but require higher upfront costs and more management. Your choice depends on your budget, goals, and willingness to take on landlord responsibilities. Thinking about buying a duplex, buying a triplex, or even a fourplex? These multi-family properties are gaining...
If you’re buying or selling a home, you’ve probably heard about contingencies – contract terms that must be met for the sale to move forward. But how often do these conditions actually cause a deal to fall apart? The short answer: not very often. According to the National Association of REALTORS® (NAR), only about 6% of home purchase contracts were terminated in the three months leading up to June...
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