by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
A lien is a financial claim against property. Liens are commonly used in real estate by lenders in order to secure property in order to satisfy an unpaid...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
A real estate investor is a person or company that buys properties for the purpose of building wealth. The investor will usually renovate a property and sell it for a profit, or keep it as a rental...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
An investment property is a real estate purchase that is intended to generate income. Investment properties may be purchased by an individual or a group of...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
If a person who owns a property passes away without having prepared a will, the estate will be considered intestate. When this occurs, a probate court will often distribute the assets. Most likely, the property will be passed on to a spouse, then any children,...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
Interest is a fee that is paid to lenders when borrowing money to purchase a property. Interest can vary, depending on the borrower’s credit score and other financial factors. A lower interest rate will save the borrower...
