CONTINGENCY A condition that must be met before a contract is legally binding. For example, home purchasers often include a contingency that specifies that the contract is not binding…
Make a DIY space heater Tealights and flower pots are the affordable, everyday items behind this simple solution for heating a room for mere pennies. In just a half hour…
Habitable Room that is fit for living in. the building in which the room is located conforms with the building code and has a certificate of occupancy. Usable for all…
“For most people, changing employers will not really affect your ability to qualify for a mortgagloan. For some homebuyers, however, the effects of changing jobs can be disastrous to your…
1. No Major Purchase of Any Kind This includes furniture, appliances, electronic equipment, jewelry, vacations, expensive weddings… …and automobiles, of course. 2. Don’t Move Money Around When a lender reviews…
Income Tax Savings Because of income tax deductions, the government is subsidizing your purchase of a home. All of the interest and property taxes you pay in a given year…
BOM: Sometimes, properties are removed from the market but can be placed back in due to a price change or reduction. As a home seller, you would want to make…
A “grandfather clause” allows an activity to continue that was once considered acceptable or legal, but has since had the rules or laws changed. An example of this is when…
An exclusive right to sell agreement is between a broker and a seller designating the broker as the seller’s sole representative for the purpose of selling property. In contrast to…
