The PropertyClub Blog

"Active Under Contract" is a real estate status indicating that a seller has accepted an offer on a property, but certain contingencies or conditions must be met before the sale is finalized. Common contingencies include the buyer securing financing, completing a satisfactory home inspection, or selling their current home. During this period, the property is still technically active on the market, and the seller may accept backup offers.

Modular homes are a popular alternative to traditional single-family homes as they can offer cost savings and other attractive benefits. However, buying a modular home can be tricky as you'll have to deal with potential complexities regarding financing and installation.

A linear foot is a simple yet essential unit of measurement in many practical applications, especially in construction, home improvement, and textiles. Calculating linear feet involves measuring the length of an object or space and summing up the total length. By understanding how to calculate linear feet, you can accurately estimate the amount of material needed for various projects, ensuring efficiency and cost-effectiveness.

Generators have become a popular way for homeowners to feel safe and comfortable during power outages. A home generator can kick on if your electrical grid goes out and provide your home with the energy it needs. Here's what you need to know before you buy a whole-home generator, from prices on different types of generators to installation and maintenance costs. 

The key factors appraisers look at when valuing your home are the location, construction quality, and size of the home. The appraiser will also consider numerous other factors including prices of comparable properties and market conditions. Here’s a comprehensive look at what an appraiser looks for:

Negotiating the price of a house is a crucial step in the home buying process. Successful negotiation can save you a significant amount of money and help you secure a property at a fair price. Here's a guide on how to negotiate a house price, including tips and strategies.

A general contractor (GC) is a professional responsible for overseeing and managing construction projects from start to finish. They act as the primary point of contact for the project, coordinating all aspects of construction, including labor, materials, and subcontractors. General contractors are essential for ensuring that construction projects are completed on time, within budget, and to the required standards.

An arm's length transaction in real estate refers to a deal in which the buyer and seller act independently, have no relationship to each other, and have no conflict of interest. This ensures that both parties are acting in their own best interests and that the agreed-upon price is fair and reflective of the market value. Here's a detailed look at the concept and its implications:

Bahia grass is a popular warm-season grass known for its durability, low maintenance, and tolerance to heat and drought. It's commonly used in lawns, pastures, and sports fields across the southern United States. If you're considering Bahia grass for your landscape or looking to enhance its growth, here's a detailed guide addressing key questions about its growth, maintenance, and care.

In most buildings, you will be able to go to the 11th, 12th, and 13th floors like usual. However, once in a while, you’ll see an elevator that goes from floor 11 to 12, then straight to the 14th floor. It’s true. Some buildings have no 13th floor. The omission of a 13th floor in buildings is largely due to superstition and cultural beliefs surrounding the number 13.

The principal-agent problem is a concept in economics and contract theory that describes situations where one party (the principal) delegates work to another party (the agent), and the interests of the agent might not align with those of the principal. In the context of real estate, this problem often arises between homeowners (principals) and real estate agents (agents). Here’s a detailed look at how the principal-agent problem manifests in real estate:

There are numerous reasons why someone might choose to leave an apartment. These reasons can be personal, financial, or related to the condition or management of the property. Here are some common reasons for leaving an apartment: