Key TakeawaysTownhouses are typically fee-simple ownership (you own the land); condos are typically unit ownership only — the exterior, common…
Key TakeawaysForm 8288 (US Withholding Tax Return for Dispositions by Foreign Persons of US Real Property Interests) is filed by…
Key TakeawaysThe professionals most likely to know about off-market properties before they're listed: estate attorneys, CPA/tax advisors, divorce attorneys, property…
Key TakeawaysRent-to-own (lease-to-own) allows a buyer to lease a property with an option to purchase it at a pre-agreed price…
Key TakeawaysA real estate purchase agreement (also called a sales contract or purchase and sale agreement) is a legally binding…
Key TakeawaysA probate sale occurs when a property is sold as part of settling a deceased person's estate — either…
Key TakeawaysReal estate tax (also called real property tax) is levied on land and structures by local governments; personal property…
Key TakeawaysThe first steps to buying a house: check your credit, determine your budget (including down payment, closing costs, and…
Key TakeawaysThe FHA 90-day flip rule blocks FHA loans on properties that the seller has owned for less than 90…
Key TakeawaysMortgage insurance protects the lender, not the borrower, against default when a buyer puts less than 20% down.Conventional loans…