Real Estate
Discover essential insights, trends, and expert advice in the real estate market. Stay informed to make smart property decisions and maximize your investments.
What is a 1031 Exchange in Real Estate?
A 1031 exchange, also known as a like-kind exchange, is a real estate investing tool that allows investors to sell an investment property and reinvest the proceeds in another property....
What Does Under Contract Mean in Real Estate?
In real estate, a home is considered “under contract” when the seller has accepted a buyer’s offer in writing. This means that both parties have agreed to the terms of....
What is Cap Rate in Commercial Real Estate?
Cap rate, or capitalization rate, is a key metric used in commercial real estate to assess the potential return on investment of a property. It is calculated by dividing the....
What Does Contingent Mean in Real Estate?
Contingent in real estate means that a property is under contract, but the sale is dependent on certain conditions being met. These conditions, known as contingencies, are typically included in....
What Exactly Are CC&R and Why Do They Matter in Real Estate?
Community Conditions, Covenants and Restrictions (CC&R) are the rules, regulations and bylaws that govern a residential property in a planned community or homeowner’s association. They are documented legally through covenants,....
What is REO in Real Estate? [Complete Guide]
REO stands for “real estate owned” and refers to properties that have been foreclosed on and taken back by the lender, usually a bank. REOs are properties that failed to....
What is IRR in Real Estate?
Internal Rate of Return (IRR) is a financial metric used to evaluate the profitability of an investment. It is the annualized rate of return that an investment is expected to....
What Degree Do You Need for a Real Estate Agent
Real estate agents play a vital role in the home buying and selling process. They help buyers find their dream homes and sellers get the best possible price for their....
What is a Short Sale in Real Estate?
A short sale in real estate is when a homeowner sells their property for less than the amount they owe on their mortgage. This is usually done to avoid foreclosure,....