Glossary

REAL ESTATE TERMS AMORTIZATION – The number of years it takes to repay the entire amount of a mortgage. APPRAISAL – An estimate of a property’s market value, used by lenders in determining the amount of the mortgage. APPRECIATION – The increase of a property’s value over time. ASSESSMENT – The value of a property, set by the local municipality, …

Real Estate Investments

Why rental income properties make a sound investment? There are a number of reasons of why real estate and rental income properties specifically make a good investment, but here are few basic reasons: i) You are leveraging and using Other People’s Money The beauty about rental income properties is that you are making money using Other’s People’s Money: the bank’s …

Sellers

How can I find out how much my house is worth? There are no comparable homes in my area. This may be a bad sign for you, especially if you think your house is worth more than other houses in your neighborhood.  Homes maintain their value better if the neighboring properties are fairly similar. In your situation, you may actually …

Pre Listing Home Inspection

A pre-listing home inspection can detect previously unknown problems or potential upgrades that you may wish to address prior to selling your home.  Being aware of issues in advanced will also allow for disclosure of problems when selling your home, which can result in a smoother transaction for both parties.