Popular Real Estate Articles
For explanation purposes, let’s say your listing agreement includes a 30-day holdover clause. This means that even though your listing agreement has expired, under certain conditions, you may be obligated to pay the listing brokerage commission if you sell your home during the 30-day holdover period. What is the standard holdover period? This holdover period …
The primary property tax rate is increasing from $0.5198 per $100 of assessed value to $0.5273 in Fiscal Year 2020/21. What is property tax in Scottsdale? Property taxes in Arizona on owner-occupied residences are levied on Assessed Value. In Scottsdale, which is situated in Maricopa County, Assessed Value is 10% of Full Cash Value. The …
You can’t deduct as interest any expenses you pay to obtain a mortgage on your rental property. Instead, these expenses are added to your basis in the property and depreciated along with the property itself. Can you write off the mortgage on a rental property? What Deductions Can I Take as an Owner of Rental …
The preferred form of the term is REALTOR®—in all caps, and using the registered trademark symbol. If using the symbol isn’t possible, then the next best form is in all caps: REALTOR. How do you get the REALTOR R symbol? In domain names, email addresses, and usernames, members are authorized to use the REALTOR® marks …
Every person who is licensed to represent buyers and sellers in a real estate transaction is a real estate agent – or a licensed real estate sales associate or salesperson, as it’s more commonly known in some parts of the U.S. What is the difference between a realtor and a sales associate? A real estate …
If you’re wondering whether you need a Realtor to buy a home, the short answer is no. You might be hesitating to work with one because you don’t want to be saddled with Realtor fees, but typically, buyers don’t pay a real estate agent’s commission — sellers do. Is it cheaper to use the same …
Real estate is still the best investment you can make today, millionaires say—here’s why. Billionaire Andrew Carnegie famously said that 90% of millionaires got their wealth by investing in real estate. Is real estate a good path to wealth? Investing in real estate can be a great way to make monthly cash flow, earn appreciation, …
If your first property has started to produce monthly income, you can consider the thought of purchasing an additional property. The best time to consider this is after the first year or two of tax filings. How soon can you buy another investment property? Once you sell your current property, you will have 180 days …
It is perfectly legal for son to purchase a property from his father. No judgment/law is required. … There is no legal bar at all to by property from any person including children or parents. Can a son buy property in father’s name? If father purchased the property in the name of elder son by …
What makes a house attractive to buyers? Buyers today want lots of light, natural and otherwise. They also want the home to look like something they would want to own, not something out of their grandmother’s place. … Sunshine is always appealing to home buyers, and it makes your home look bigger as well. What …