by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
Equity is the difference between the worth of a property, and the amount that is owed on that property. This will vary depending on market conditions. An appraisal is completed to determine the market value of the home and calculate the equity. In cases where the...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
Easements allow the use of land by a third party for a specific purpose. For example, a utility company may hold an easement if they need to access power lines or cables that are on your property. Easements should be included in the disclosure...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
A person with power of attorney is allowed to execute legal documents on another person’s...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
Mortgage points are fees that are paid to the lender at closing in exchange for a lower interest rate. Usually, one point costs 1% of the...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
An offer is the amount of money that a buyer is willing to pay for the purchase of a property. This may be higher or lower than the listing...
