The PropertyClub Blog
Appraisal Waiver Guide
Typically, when you finance a home purchase, the lender will require you to get an appraisal to verify the property’s value. But in some situations, the lender may grant the homeowner an appraisal waiver, allowing them to skip getting an in-person appraisal. Here’s how it works.
Off Market Properties Guide
Off-market properties are real estate listings that are not publicly advertised or listed on the Multiple Listing Service (MLS) or on Zillow. These properties can be sold without traditional marketing, often through private channels. Here’s an in-depth look at off-market properties, their advantages, and how to find them.
What is a Casita and How Much Does It Cost To Build One?
A casita is a small, self-contained dwelling that is typically situated on the same property as a larger main home. The term "casita" is Spanish for "little house," and these structures are often used as guest houses, in-law suites, home offices, or rental units. Casitas can provide additional living space and flexibility for homeowners.
Twin Homes Guide
Twin homes, also known as semi-detached homes, are small residential buildings that consist of two separate homes sharing a common wall. Each unit is typically a mirror image of the other, though variations in design can exist. Here’s an in-depth look at twin homes.
Tenant Estoppel Certificate Guide
A tenant estoppel certificate is a legally binding contract whereby the tenant promises the terms, conditions, and current status of their lease to be true. If you've received an estoppel letter here is what you need to know before you sign it.
Average House Down Payment Guide
The down payment for a house is the money that must be paid upfront as part of the purchase price. The average down payment on a house will typically range from 3% to 20%, depending on the type of loan, the lender, and other criteria. This amount varies, often depending on the type of loan you're getting, but it is always at least one percent of the purchase price.
Real Estate Owned (REO) Guide
Real Estate Owned (REO) is a term used in the real estate industry to describe properties that a lender, typically a bank, has taken back into its possession after an unsuccessful foreclosure auction. Here’s a detailed overview of REO properties, including how they become REO, their characteristics, and the advantages and disadvantages of purchasing REO properties.
How Co-Ownership of a Home Works
Co-ownership of a house is more common than ever due to more folks jointly purchasing an investment property, as well as parents helping their children buy their first home. However, buying a house with multiple owners involves several steps to ensure that the legal, financial, and logistical aspects are properly addressed. Here is a comprehensive look at how home co-ownership works.
Tandem Parking Guide
No matter where you want to move, chances are that parking will be an issue. After all, you want to make sure that you will have a place to put your car without the worry of getting a ticket. One of the more common ways people get parking is through the use of tandem parking. To ensure that you get the best idea of what to expect, we decided to make a complete guide on all things related to parking in a tandem lot.
How To Calculate Square Feet
Calculating square feet is a straightforward process that involves measuring the length and width of a space and then multiplying these measurements. Here’s a step-by-step guide on how to calculate square feet for different shapes and areas:
What is a Juliet Balcony?
A Juliet balcony, also known as a Juliet guard or French balcony, is a narrow balcony or railing that is placed just outside a window or a pair of French doors on an upper floor of a building. They vary in size and dimension, but most run the width of the door or window yet only extend out a few feet or even inches, meaning that Juliet balconies are much narrower than typical balconies.
Differences Between Deed and a Title
In real estate, a deed is a legal document that records ownership, while title is your right to control and use a property. The main difference between the two is that you will get a physical deed, while title is more of an abstract concept.