Real Estate Term of the Day: Fee Simple

Real Estate Term of the Day: Fee Simple FEE SIMPLE – absolute ownership of real property; owner is entitled to the entire property with unconditional power of disposition during the owner’s life, and upon his death the property descends to the owner’s designated heirs (Barron’s Dictionary of Real Estate Terms) Ownership in the State of … More Real Estate Term of the Day: Fee Simple

Real Estate Term of the Day: Federal Tax Lien

Real Estate Term of the Day: Federal Tax Lien FEDERAL TAX LIEN – a debt attached against property for unpaid federal taxes; most often by the Internal Revenue Service (IRS) to attached property for payment of owner’s unpaid income taxes (Barron’s Dictionary of Real Estate Terms) The general rule of thumb is that tax liens … More Real Estate Term of the Day: Federal Tax Lien

February 2012 Market Report is Now Available

The February 2012 Market Report is now available YTD (February 2011 vs February 2012) Single Family Highlights: Increase in the Number of Closed Sales to 3,971 (up 13.7%) Average Days on Market decreased to 105 days (from 121 days) Number of Active Listings decreased 39.7% to 8,082 Average Sold Price saw no change (from $271,516 … More February 2012 Market Report is Now Available