Photo by Karolina Grabowska from Pexels 1031 exchanges are special transactions in which one investment is effectively “swapped” for another. In real estate, this means selling one investment property for another of “like-kind.” This can be an effective and lucrative strategy because it can allow you to defer certain taxes as long as you abide by specific rules...

Image by PublicDomainPictures from Pixabay The real estate world can be difficult to navigate unless you know the language. There is so much jargon and specific terminology that somebody without years of experience can get overwhelmed. If you’re buying or selling a house for the first time, you’ll be learning a lot of these terms as part of...

Image by F. Muhammad from Pixabay If you’re looking for a new home you are probably searching for a specific category. While residential properties come in many different types, sometimes it’s difficult to differentiate them. Once you learn more about the terminology, you might find that you can broaden or narrow your home search. This can yield better...

Home buying and selling can be a complicated process, especially for first-timers. The vocabulary involved will only compound your confusion if you jump right into it without knowing what they mean. Real estate, like other fields, has some terms that are peculiar to it. Before you set out to list your home for sale or seek to buy...

You may be thinking to yourself that rather than hiring an agent, you could use that commission money for something else. In most cases, buyers' real estate agents will ask for five to eight percent of the property's purchase price, which is certainly not cheap. After all, can’t you just post your ideal house on a Facebook forum...

Called “common-interest housing” condos, co-ops, flats, townhomes, and apartments have different meanings to different buyers and even have different colloquial meanings than the official real estate industry meanings. Below you'll find a breakdown of the differences between these housing types along with the advantages and disadvantages of each. What is “Common Interest Housing”? Before going too deep, it...

Deciding not to pay off ahead on your mortgage can be a decision made because you want to divert your cash to another investment. If you have an investment that is certain to yield interest or because you have a certain way you have planned your finances, paying the full mortgage earlier than due has no place on...

Financing the purchase of a house from personal savings might mean a mighty long wait for the end of rent-paying. This reason is why most homeowners in the US today are using mortgages. If you want to buy a house and don't have enough in your savings account, you will want to hook up with a lender. But...

If you spend much time binge-watching House Hunters, Property Brothers, and Love It or List it, you may find yourself completely stunned by the actual process of buying a home and renovating it. And if you get your advice from House Hunters, can you narrow it to three? Reality television is great entertainment, but when it comes to...

A pre-constructed condominium is an excellent way of getting a new space at a decent price. One of the advantages of getting a pre-constructed condominium is that it can be customized to match your style. Here are the things you be aware of when buying a pre-constructed condo: 1. Many pre-construction condominiums get delayed. Understand that many condo...