by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
When buying and selling a property, transfer tax must be paid when the title is transferred to one party to the other. In some states, the buyer and seller are required to share the responsibility of payment, in other states this is not required and can be negotiated...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
Title insurance offers protection to lenders and buyers againsts financial damages that could arise from disputes over property. Mortgage lenders typically require title insurance because it protects both the homeowner and...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
A title is a legal term that refers to the ownership of a property. By holding a title to a home, a person has legal rights and responsibilities and ownership control of the home. Titles may be an individual or two or more people, and can also be held by companies...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
A tenant is a person who rents property from a landlord. The monthly rent and terms are outlined in a lease agreement, which typically lasts 12...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
Staging is the preparation for listing a house on the market. Staging may involve redecorating, cleaning and decluttering, or making other aesthetic changes to make the home appealing to the highest amount of buyers...
