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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What Kinds of Property Deeds Are There?
By Susan M. Keenan The legal documents used to transfer titles to real estate are referred to as property deeds. The names of the legal owners to the real estate are placed directly onto the property deeds. Each time a piece of real estate is sold, a new property deed must be issued. The two…
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Home Prices Are Dropping: How Far Are They Falling
Home buyers pinching their pennies should rejoice: Existing-home prices are continuing to drop. Sorry, sellers! The median price of an existing home (i.e. one that has previously been lived in) fell 0.24% from September to hit $247,000 in October, according to the most recent National Association of Realtors® report. And as cash-strapped would-be buyers are…
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3 Ways That a Reverse Mortgage Can Transform Your Retirement
Are you a retired individual looking for ways to increase your financial security? If so, you may have heard of a home equity conversion mortgage, more commonly known as a reverse mortgage. Used correctly, this is one of the most effective financial products for retirees who own their home. Let’s explore three ways that a…
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