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Real Estate Terms

What Is An ADU

What Is an ADU (Accessory Dwelling Unit) in Real Estate?

An Accessory Dwelling Unit (ADU) is a secondary house or an apartment that shares its structure with a primary residence. An ADU can be attached or detached to a primary residence and belongs to the owner of...

5 min read Jan 31, 2024

An Accessory Dwelling Unit (ADU) is a secondary house or an apartment that shares its structure with a primary residence. An ADU can be attached or detached to a primary residence and belongs to the owner of the single-family home. It cannot be sold or bought separately but can be rented out.

What is MLS in real estate

20 Interesting Real Estate Facts You Should Know

Did you know that the Empire State Building in New York City has its own zip code? Or that there are 132 rooms in the White House? Fascinating real estate facts, aren’t they? Well, real estate is more...

6 min read Jan 31, 2024

Did you know that the Empire State Building in New York City has its own zip code? Or that there are 132 rooms in the White House? Fascinating real estate facts, aren’t they? Well, real estate is more than buying and selling a house. This million-dollar industry has thousands of such facts that may pique …

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Contingent vs Pending Sale

Contingent vs. Pending in Real Estate: How Are They Different?

A property under contingent status signifies that a seller has accepted the offer, which is yet to meet certain contingencies. On the other hand, a pending status means that the property has passed all the...

5 min read Jan 30, 2024

A property under contingent status signifies that a seller has accepted the offer, which is yet to meet certain contingencies. On the other hand, a pending status means that the property has passed all the contingencies and the sale is about to close soon.

tenancy-by-entirety

Protect Your Assets With Tenancy by the Entirety

Tenancy by the entirety is a form of joint ownership that's available only to married couples. In a tenancy by the entirety, each spouse owns an undivided interest in the property, and they are considered one...

6 min read Jan 30, 2024

Tenancy by the entirety is a form of joint ownership that’s available only to married couples. In a tenancy by the entirety, each spouse owns an undivided interest in the property, and they are considered one legal entity.

How Big is an Acre

How Big Is an Acre?

One acre equals 43,560 sq feet of land or approximately the size of a football field. The acre is still a statutory measure in the...

5 min read Jan 29, 2024

One acre equals 43,560 sq feet of land or approximately the size of a football field. The acre is still a statutory measure in the US.

Land Contract

Land Contract: What Is It and How It Works?

A land contract is a legal agreement between a buyer and a seller. That allows the buyer to purchase the property over time. Also known as a contract for deed or installment land...

8 min read Jan 17, 2024

A land contract is a legal agreement between a buyer and a seller. That allows the buyer to purchase the property over time. Also known as a contract for deed or installment land contract.

What Is Right Of First Refusal In Real Estate

What Is Right of First Refusal in Real Estate?

The right of first refusal is a contractual right that gives the holder the option to buy a property or asset before it is offered to the open...

4 min read Jan 15, 2024

The right of first refusal is a contractual right that gives the holder the option to buy a property or asset before it is offered to the open market.

What Is A PUD

What Is a Planned Unit Development (PUD)?

What is a PUD?: A planned unit development, or PUD, is a community of towehomes, condos, single-homes, and...

5 min read Jan 15, 2024

What is a PUD?: A planned unit development, or PUD, is a community of towehomes, condos, single-homes, and multihomes.

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