Home sales in August 2019 spiked 10.8% from 2018, marking the largest year-over-year increase for a single month since 2018, according to a Redfin report. The supply of homes for sale, however, fell 5.7% year over year, representing the biggest decline since April 2018. So if it’s such a hot seller’s market and other properties…
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When to Refinance
The advertisements and phone calls sound great — get a lower interest rate and save as much as hundreds of dollars a month on your mortgage payments. But is it too good to be true? The answer: It depends. Unfortunately, your decision should be based on a complicated mix of how much of a lower…
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What Does a Real Estate Agent Do?
A real estate agent, as defined by Cambridge Dictionary, is a person whose business is to arrange the selling or renting of houses, land, offices, or buildings for their owners. While that is a technically accurate definition of a real estate agent, it doesn’t give an accurate description of what a real estate agent does…
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Squatters’ Rights and Adverse Possession in Real Estate
By Janet Howard Under New York Consolidated Laws, Real Property Actions and Proceedings Law - RPA § 501; and for the purposes of this article: Adverse possessor is a person or entity and is an “adverse possessor” of real property when the person or entity occupies real property of another person or entity with or…
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Determining Home Values
How much is a home worth? The simple answer is that a home is worth what someone is willing to pay for it. But most valuations begin with the basics to create a baseline price: the age of a home, its square footage, lot size, neighborhood and previously assessed value. Obtaining a quick, ballpark figure…
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