by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
Cash reserves are the money that is set aside to cover unexpected costs. If a roof or foundation of a home needed repairs, a cash reserve fund would be used to help cover the...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
A buyer’s agent can help a homebuyer by representing their interest in a real estate transaction. A buyer’s agent’s main purpose is to help a buyer purchase a...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
A real estate broker is someone who oversees the transactions that occur during a real estate purchase. A broker with experience and knowledge of the local area, including schools and community functions, as well as real estate laws, can help facilitate transactions...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
An Automated valuation model (AVM) is a service that calculates real estate values by combining mathematical modeling with databases of existing properties and sales of real estate. Most AVMs will compare values of similar properties at the same point in...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
The assessed value of a property is the value set by an assessor in order to calculate property taxes. In general, assessments are tied to the market value of the property on a given date. There are three methods that an assessor may use in order to determine the...
