The #1 question I got asked over the holidays: “How is the real estate market?” My answer is: Opportunistic If you are a Buyer: You have a great chance to lock in on historic low interest rates. According to Freddie Mac’s Primary Mortgage Market Survey®, the average interest rate on a 30-year fixed mortgage was … More The #1 Question I Was Asked Over the Holidays…
Real Estate Term of the Day: As Is AS IS – property is sold without guarantees as to condition. Premises are accepted by a buyer as they are including physical defects (Barron’s Dictionary of Real Estate Terms) Most bank owned properties (such as REOs, HUD homes, foreclosures) and short sale properties are sold in as … More Real Estate Term of the Day: As Is
Real Estate Term of the Day: Asbestos ASBESTOS – insulation material frequently used in older buildings as pipe wrap, boiler insulation, floor tile, and ceiling coating (called Asbestos-Containing Material or ACM). Asbestos may become brittle with age. In that condition, it may crumble and release particles which, like dust, become airborne. Breathing asbestos particles may … More Real Estate Term of the Day: Asbestos
Real Estate Term of the Day: Appreciation APPRECIATION – an increase in the value of property. Causes for appreciation for real estate may included inflation, demand pressures for land and buildings, physical addition, modernization, removal of a negative factor from within or outside the property, time, and sweat equity (Barron’s Dictionary of Real Estate Terms) … More Real Estate Term of the Day: Appreciation
LESLIE MONACO REAL ESTATE 