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Real Estate Dictionary

What is a Drive-By Appraisal?

A drive-by appraisal is an exterior-only property valuation in which an appraiser estimates value by observing the home’s outside and using records or data, without inspecting the interior.

December 27, 2024

Most Common Illegal Property Management Practices

From discriminatory leasing practices to junk fees, here are some of the most common illegal practices in property management and why they should be avoided at all costs.

December 27, 2024

What Does a Leasing Agent Do?

A leasing agent is a real estate professional who markets rental properties, shows them to potential tenants, screens applications, and facilitates lease agreements to ensure vacancies are filled efficiently.

December 27, 2024

What is Chain of Title in Real Estate?

The chain of title is the recorded, sequential history of every ownership transfer, mortgage, and legal document affecting a property, ensuring that the current owner has a clear, marketable title.

December 27, 2024

Top 10 Warning Signs of a Bad Real Estate Agent

A bad real estate agent shows warning signs such as poor communication, lack of expertise, pushy tactics, disorganization, dishonesty, weak marketing, inadequate negotiation skills, and consistently negative feedback from past clients.

December 27, 2024

What is Principal Curtailment in Real Estate?

Principal curtailment is the voluntary payment of extra funds toward a mortgage’s principal balance, reducing the overall loan amount, interest costs, and repayment term.

December 16, 2024

What is an Axonometric Model of a Building?

An axonometric of a building is a three-dimensional drawing that shows the structure’s form and spatial relationships without using perspective, keeping all parallel lines parallel and allowing accurate measurements directly from the image.

December 16, 2024

What is a Bargain and Sale Deed?

A bargain and sale deed is a type of real estate deed that transfers property ownership with limited assurances, offering no explicit guarantee of a clear title but implying that the seller has the right to convey the property.

December 16, 2024

What Does AFFO Mean in Real Estate?

AFFO (Adjusted Funds From Operations) is a refined metric for REITs that adjusts FFO by subtracting recurring capital expenditures and non-cash items to better reflect the true, sustainable cash flow available for distributions.

December 16, 2024

What is Short-Term Rental Financing in Real Estate?

Short-term rental financing is tailored to support the growing market for STRs, offering flexibility and opportunities for high returns while accounting for the unique challenges of the sector.

December 15, 2024
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