The right acquired for access to or over another person's property for a specific purpose such as driveway or public utilities.
A registered claim for debt against a property, such as a mortgage.
The right of a government body to acquire private property for public use through a legal action called condemnation or expropriation in which the appropriate body determines the use is public use and decides the price or compensation to be paid to the owner.
A mortgage of the equity of redemption that can again be mortgaged.
The difference between the value of the property and the amount owing on the mortgage.
A written agreement between two or more parties providing that certain instruments relating to property be placed with a third party to be delivered to a designated person upon fulfillment or performance of some act or condition.
A legal term referring to a series of legal and equitable doctrines that preclude a person from denying or asserting anything to the contrary of that which has, in contemplation of law, been established as the truth, either by the acts of judicial or legislative officers, or by his own deed, acts, or representations, either express or implied.
A certificate that outlines a condominium corporation`s financial and legal state. This certificate is also called a certificate of status.
Learn how to improve home energy efficiency, make your home more comfortable, and save money without expensive upgrades or months of renovations. Use our tips and slash your energy bills without sacrificing comfort.
If you currently own property and are thinking of placing it on the market, get informed about preparing your home for sale, pricing your property appropriately, marketing it effectively and learn everything you can about sale process so you can maximize your chances. Read more...
Familiarize yourself with the fundamentals of real estate before you invest in your first property.
Make sure your information is up to date. You have to know and be realistic about today's real estate market.
Location matters, so before you buy any real estate property, ensure that it's in a good location.
Regardless of how certain you are that you will get mortgage, it is always good idea to get pre-approved.
Keep in mind, the commission is always negotiable upfront, before you sign a contract.
If you are working with agent, make it clear that you want the agent, not his/her assistants, to represent you.
Before you buy any real estate property, have it inspected by a professional home inspector.
If you are buying property with a partner, have a proper partnership agreement to protect both of you.
Make sure you read your listing or buyer’s agreement carefully before signing it.
Don’t skip the final walk-through to make sure that everything is done properly, and that the items you agreed should stay are still there.
Buy land, they’re not making it any more."