In a condominium the owner has a deed for the unit, has a separate mortgage, pays property tax on the unit plus a percentage of the common areas and pays a monthly maintenance fee. The condominium owner has a fee simple absolute unrestricted ownership and is individually responsible for property taxes and maintenance fees. When selling condo, use the sales price of condominiums with similar size, appeal,...
Selling
To sell your home without the assistance of a real estate sales associate, you should be able to answer an unqualified "YES" to each of the following questions. As you go through these items, remember that a professional real estate sales associate is skilled in every area.PRICEDo I have sufficient data to price my property realistically? Am I familiar with what comparable properties have sold for...
A house appraisal is an opinion of value, an estimate of worth. The value of residential real estate is estimated by comparing the subject house with similar properties that have been sold recently. Look at your neighborhood to find comparable sales or properties in similar neighborhoods that share similar characteristics of lifestyles, income level of residents, surroundings, average age and value of...
Buying or selling a home is a complicated process. And you can make it even more challenging when you make some of the more common buying or selling mistakes. Just ask your local real estate agent. You can bet that the agents selling homes in your community have seen plenty of mistakes from both first-time buyers and sellers, and those who have bought and sold homes several times. What does your real...