by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
Having a designated agent ensures that confidential client information remains separated. In this instance, one agent works with a broker, and one agent represents the...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
A deed establishes that a person is the legal owner of a property. When a property is sold, the deed will be transferred to the new...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
A contract is a formal agreement put in place during a real estate transaction. The contract begins when a buyer makes an offer, and both the buyer seller agree to move...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
Contingencies are clauses built into the contract that allow a buyer to back out of the sale if specified conditions are not met. For example, a buyer could make their offer contingent upon the sale of their current home. In this example, a buyer could back out of the...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
Comparables, or comps, are simply similar properties in the nearby area. Real estate agents will pull a list of comps for many reasons. These comps can be used to help a client understand what similar homes have sold for, and help a client understand that value of a...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
Comparative market analysis, or CMA, is an analysis of similar homes sold in an area during a specified time period. The CMA will help to give a general valuation for a home. This price range is intended to be used as a general...
