The PropertyClub Blog

Public housing and Section 8 are both programs designed to provide affordable housing options to low-income individuals and families in the United States, but they operate differently and offer distinct benefits and requirements. Here's a detailed comparison of the two.

A right-of-way easement is a legal agreement that grants an individual or entity the right to travel across or use another person's land for a specific purpose. This type of easement is commonly used to provide access to a property that would otherwise be landlocked or to allow utilities to cross private property. Here’s a comprehensive overview of right-of-way easements:

A real estate transaction broker, also known as a facilitator or intermediary, is a real estate professional who assists both the buyer and the seller in a property transaction without representing either party as a traditional agent. Instead of advocating for one side, the transaction broker facilitates the transaction by providing neutral assistance and handling the necessary paperwork and logistics.

On average, closing costs in New Jersey are around 6% to 8% for sellers, while NJ home buyers can expect closing costs between 2% and 5%.

A lien can stay on a property for up to 20 years causing major headaches for both the buyer and seller as it can prevent the sale from closing. Typically, paying off the lien is best if you can afford it. However, a lien won’t stay on your property forever. Eventually, liens do expire.

Whether it is cheaper to build up or out depends on various factors, including land costs, structural requirements, and local zoning regulations. Here's a detailed comparison of the costs and considerations involved in building up (adding additional stories) versus building out (expanding horizontally):

If you fail to pay a contractor or other service professional who does work on your home, they have the option of filing a legal claim against the property. This is known as a mechanic’s lien, and it will affect your rights as a property owner. Here’s an overview of the key aspects of mechanic’s liens.

In real estate, "BOM" stands for "Back on Market," which means that a property that was previously under contract or pending sale has returned to the market and is now available for purchase again. Several reasons might cause a property to go BOM including a buyer getting cold feet, financing issues or contingencies.

If you’re like many residents of Florida, you enjoy having a lush green lawn and a beautiful garden. But, unfortunately, Florida is a hotbed of weeds. Check out our list of the most common weeds in Florida to know what to look out for in your yard.

The J-51 tax abatement provides building owners that are upgrading and renovating their property with an exemption that freezes the assessed value of the building. An added benefit is it decreases property taxes for 20 years. Whether you're a developer or you're buying a property with a J-51 abatement, we'll go over everything you need to know about this tax incentive.

Determining the return on investment for a prospective property can be tricky, and there are numerous tools and formulas out there that many claim are the “single” perfect trick. Cash on cash return is often heralded as such. They’re a great way to estimate the return on investment for cash-based investments, certainly. But while they do have their uses, they also have limitations.

When a real estate listing indicates that the seller is "accepting backups," it means that the seller has already accepted an offer on the property but is open to receiving and considering additional backup offers. These backup offers are contingent on the original deal falling through.