Key TakeawaysA cash offer eliminates financing contingencies and lender requirements, making the transaction faster and lower-risk for sellers — which…
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 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…