Real Estate

What does flipping houses means? Flipping is a term used when someone buys an asset with the intention of reselling it for a profit. Usually, […]

What does a fixer-upper mean? A fixer-upper is a home that can be lived in but needs some renovations, according to Redfin. These houses are

What is a foreclosed home? A foreclosed home is one that was repossessed by the lender because the owner defaulted on the mortgage payments. The

What is flood insurance? Flood insurance is an insurance that protects homeowners from losses associated with floods. Flood insurance is very important especially when the

What is the meaning of for sale by owner? For sale by owner a.k.a FSBO is a term used on a house that the owner

What is the meaning of easement? The easement is the right given to a person to use someone else property, according to Realtor. This means

What is FHA? The federal housing administration or FHA in short gives insurance on loans provided by FHA-approved moneylenders such as banks, credit unions, etc.

What is a cooperative? A cooperative a.k.a co-op is a business, organization, or a farm owned and run by its members who then share its

What is a condominium? A condominium a.k.a condo is an apartment building where each unit or apartment is Individually owned, according to Cambridge Dictionary. However,

what does concession means? In real estate, a concession is a discount or benefit that a buyer or seller offers to the other party in