Tag: Real Estate

Posted on 10/17/2022

Financial real estate terms buyers should know

The more real estate terms you understand, the more comfortable you will be in your home buying process. This is especially true for financial vocabulary related to real estate transactions. To help familiarize you with some of these important concepts, here is a quick guide to financial real estate terms: Fixed rate mortgage A fixed rate mortgage is...

Down Payment

Fair Market Value

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Posted on 02/21/2022

3 Contingencies Sellers Should Know

Contingency clauses in a real estate contract typically come from the buyer. However, there are some contingencies sellers can use in a sale negotiation as well. While they’re less common, knowing the basics can help in selling your home. Here are the main contingencies every seller should know: Kick-Out Clause A kick-out clause is a useful balance to...

Contingency

Contingent

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Posted on 11/08/2021

How to Convert a 1031 Property Into a Personal Residence

Photo by Karolina Grabowska from Pexels 1031 exchanges are special transactions in which one investment is effectively “swapped” for another. In real estate, this means selling one investment property for another of “like-kind.” This can be an effective and lucrative strategy because it can allow you to defer certain taxes as long as you abide by specific rules...

Real Estate Taxes

1031 Exchange

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