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Category Archives: buyers

F is for Foreclosure

This entry will have two distinct parts.

Part I

If you are a seller, or thinking about selling because you are in financial trouble, STOP. Examine what you are doing and why. Examine

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C is for Contingency

A contingency is simply a condition that must be satisfied in order for the contract to execute.

In real estate, there are several common contingencies, as well as a gazillion uncommon ones. In this post, we are only going to go over a few common contingencies. As I said previously, a contingency is a

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B is for Buyer’s Agent

Simply put, a buyer’s agent is the agent that works for the buyer in a real estate transaction.

More importantly (for now anyway) let’s talk about what a buyer’s agent is not:

  • The nice agent a buyer works with from the new home community.
  • The helpful agent that has listed the property (unless there is a dual agency agreement).

In both of the above instances, the agent may be a great person, but

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A is for Appraisal

An appraisal is simply an estimate of value made by a certified appraiser. That is all…

However, there are a few other terms that are often used (wrongly) as interchangeable with appraisal. Other value estimates, such as

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Real Estate Investing 203 – Shifting Classes and Uses

Back in Real Estate Investing 101, Part II, I briefly mentioned “Shifting Classes” after the Buy & Hold strategy. There are a few different ways to shift classes and uses that can build value for investors.

Residential to Commercial

One of the most common ways to increase value while shifting classes or use is to have a property

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