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
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...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
An Appraisal is used to estimate a home’s market value based on several factors including the location, condition of the property, and recent sales of similar homes nearby. The appraiser that is evaluating a property will typically provide a written document...
