Real Estate Term of the Day: Joint Tenancy, Ownership Form, Right of Survivorship, Severalty & Tenancy in Common

Real Estate Term of the Day: Joint Tenancy, Ownership Form, Right of Survivorship, Severalty & Tenancy in Common JOINT TENANCY – ownership of real estate by 2 or more persons, each of whom has an undivided interest with the Right of Survivorship. Typically used by related persons. (Barron’s Dictionary of Real Estate Terms)  OWNERSHIP FORM – … More Real Estate Term of the Day: Joint Tenancy, Ownership Form, Right of Survivorship, Severalty & Tenancy in Common

Real Estate Term of the Day: Investment Property

Real Estate Term of the Day: Investment Property INVESTMENT PROPERTY – that which is owned for income production and capital growth potential, rather than for occupancy or use in a business or for personal pleasure or held in inventory (Barron’s Dictionary of Real Estate Terms)  Below is a great article I found from Time.com stating some of the … More Real Estate Term of the Day: Investment Property

Real Estate Term of the Day: Interest Rate

Real Estate Term of the Day: Interest Rate INTEREST RATE – the percentage of a sum of money charged for its use (Barron’s Dictionary of Real Estate Terms)  Below is a graph that shows the 30-Year Fixed-Rate Mortgages Since 1971 from the Primary Mortgage Market Survey provided by Freddie Mac. The national average interest rate on a 30-year … More Real Estate Term of the Day: Interest Rate