Key TakeawaysA real estate purchase agreement (also called a sales contract or purchase and sale agreement) is a legally binding…
Key TakeawaysReal estate tax (also called real property tax) is levied on land and structures by local governments; personal property…
Key TakeawaysFSBO (For Sale By Owner) sellers save the listing agent commission but take on marketing, negotiation, contract management, and…
Key TakeawaysA warranty deed guarantees the seller owns the property and has the legal right to sell it — the…
Key TakeawaysReal property includes land and everything permanently attached to it — structures, crops, mineral rights, water rights, and air…
Key TakeawaysAn escrow agent is a neutral third party who manages funds, paperwork, and title work for both the buyer…
Key TakeawaysA CLUE Report (Comprehensive Loss Underwriting Exchange) lists all home insurance claims filed on a property over the past…
Key TakeawaysOff-market properties are not listed on the MLS — they're sold through agent networks, direct-to-seller marketing, auction platforms, or…
Key TakeawaysSelling costs typically include agent commission (2.5–3% per side), transfer taxes, title and settlement fees, prorated property taxes, and…
Key Takeaways'Contingent' means the seller has accepted an offer but the sale depends on one or more conditions being met…