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 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
Real Estate Term of the Day: Inspection Addendum or Clause INSPECTION ADDENDUM OR CLAUSE – in a contract to buy or sell real estate, a clause or attachment that allows the buyer (or a qualified party) to inspect the property. If repairs are needed, the buyer may require the seller to make the repairs, negotiate … More Real Estate Term of the Day: Inspection Addendum or Clause
Real Estate Term of the Day: Inflation INFLATION – a loss in the purchasing power of money; an increase in the general price level. Generally measured by the Consumer Price Index, published by the Bureau of Labor Statistics (Barron’s Dictionary of Real Estate Terms) Real estate is considered a hedge against inflation because it tends … More Real Estate Term of the Day: Inflation
LESLIE MONACO REAL ESTATE 