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Details: US Mortgage Rates Rise; 30-Year at 5.27%, Highest Since 2009. Average long-term U.S. mortgage rates resumed their ascent this week, as the key 30-year loan reached its highest point since 2009. Associated Press May 5, 2022.

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What Is a BPO in Real Estate

Details: A broker price opinion is an estimated property value that is often determined by a real estate broker or qualified agent. It serves as an alternative to a complete property appraisal and is often ordered by financial institutions, like the lender that holds the mortgage on the property. When a BPO is ordered by a financial institution, it's

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Best Places to Live, Real Estate Tips & Advice for Buyers & Sellers

Details: US News is a recognized leader in college, grad school, hospital, mutual fund, and car rankings. Track elected officials, research health conditions, and find news you can use in politics, business, health, and education.

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The Homeowner's Guide to Writing Property Descriptions Pocket …

Details: Quality listing descriptions should tell a story, but in the process, convey important information, highlight the best qualities of the home and ideally, answer anticipated questions. When writing a property description, you want to engage the reader immediately. “The first line is the hook,” says Ricardo Rodriguez, a Realtor with Coldwell

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The Guide to Escalation Clauses in Real Estate

Details: The competing offer is typically referred to as a "bona fide offer" to note that the competing offers can be real and provable. The increment can be anything, but is often a rounded number, like $1,000 or $5,000. Cap. The escalation clause establishes the highest possible price that the buyer is willing or able to go, also referred to as the cap.

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Why You Should (and Shouldn't) Sell Your Home in 2022

Details: Here are three reasons you should sell your home in 2022, along with three reasons you may benefit from waiting: Sell in 2022: Interest rates are expected to rise, but remain fairly low. Sell in 2022: You're ready to take advantage of buyer demand. Sell in 2022: You need to move. Wait to sell: You just refinanced.

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French Drains: Are They Worth It

Details: According to Carson, the average cost to install a French drain system is around $5,000, but the exact cost will depend on its size, type and location. Here’s what to expect, including materials, labor and permits: Exterior perimeter drains: $10-$50 per linear foot. Interior French drains: $40-$100 per linear foot.

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The Buyer and Seller Guide to a Real Estate Bidding War

Details: Nov. 19, 2020, at 9:40 a.m. With a bit of additional knowledge about the seller's priorities, a buyer can find the advantage over other offers in a bidding war. (Getty Images) Find a Top Agent ». Normally, a buyer might make an offer on a home based on his or her perceived value of the property. The seller should then counter the buyer’s

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The Guide to Floating Homes and Houseboats Real …

Details: Like with buying a house, floating homes and houseboats vary widely in cost to buy one. For a new houseboat from East Coast Houseboats, Drage says the range starts with a one-bedroom, 22-foot houseboat that starts under $90,000. At the higher end of the spectrum, a two-story houseboat that's 50 feet long and 16 feet wide goes for around $350,000.

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The Best Places to Live in Tennessee Real Estate US News

Details: Memphis. 4. Memphis. Best Places to Live 2021-2022 Rank: 143. (Getty Images) Metro Population: 1,339,623. Median Home Value: $230,439. Average Annual Salary: $45,360. The second-most populous metro area in Tennessee, Memphis ranks No. 143 out of the 150 metro areas on the overall Best Places to Live list.

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The Best Online Real Estate Schools Real Estate

Details: RealEstateU is another online real estate school that has a limited number of state license course options, with 14 available, and low prices. The state real estate license course packages range in price from $99 to $399, which is a set price for each state without tiers. Additional exam prep for your state real estate license exam is available

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25 Popular Small Towns to Live in the U.S.

Details: Prosper, Texas. 2010 Population: 9,423. 2020 Population: 26,957. With a population of less than 10,000 in 2010, Prosper has grown to nearly 27,000 residents, making it the largest small city on this list to see its population more than double in a 10-year period.

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The 25 Best Places to Live for Families in the U.S. in 2021-2022

Details: Best Places 2021-2022: 64 Metro Population: 546,772 Median Home Price: $157,267 Average Annual Salary: $51,040 Lansing is a fairly small metro area, which helps keep the cost of living low, but as Michigan's state capital and the home of Michigan State University, the Lansing metro area offers plenty of job opportunities in government and higher education, …

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What Is a Spec Home

Details: The term spec home stands for speculative house, but they can go by other names. “A spec home can also be called a move-in ready home,” says Dannel Shepard, a broker associate with Re/Max Time who serves the greater Cincinnati area. “Builders build homes in speculation of selling, but they don’t have a (specific) buyer in mind.”.

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The 25 Most Desirable Places to Live in the U.S. in 2021-2022

Details: Credit. (Getty Images) 25. Chicago. Best Places to Live 2021-2022 Rank: 102. Metro Population: 9,508,605. Median Home Price: $332,565. Average Annual Salary: $57,160. Many people are attracted to Chicago for its big city living combined with a lower cost of living, making it the No. 25 most desirable place to live in 2021-2022.

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Top Real Estate Agents and Realtors in the United States

Details: Find the Best Real Estate Agent Near You By analyzing millions of real estate transactions, U.S. News, powered by HomeLight, identifies the top real estate agents based on individual needs.

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How Much Does a Home Generator Cost

Details: Home generators can range in cost from $200 to $20,000, and that doesn’t include installation. According to home improvement website Fixr.com, the national average cost to purchase and install a whole house generator is $10,000 to $20,000. That said, you can find home generators for as low as $200. The cost depends mostly on wattage output

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The Guide to Off-Grid Homes Real Estate US News

Details: According to Carson, costs you may need to consider include the land, construction materials, labor, water and a water collection system, power generation and storage systems and any necessary landscaping. If you’re building an off-grid tiny house, the average national cost is about $45,000, with most people paying between $30,000 and $60,000.

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The Ins and Outs of Air Rights Real Estate US News

Details: Air rights refer to the right to use and develop the empty space above or near a building or vacant lot. There are limitations to your air rights, though. “The amount of air rights equals the maximum amount of floor area permitted in a zoning lot minus the amount of floor area utilized by any existing structures on the lot,” explains Sonja

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7 Chicago Real Estate Market Trends to Know

Details: For the entire state of the Illinois, the median home price was lower at $226,983, a 14.1% increase compared to the prior February. In both the Chicago metro area and in the state of Illinois, fewer homes were sold in February compared to the year before, according to the report. A contributing factor to both fewer sales and rising prices is

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How Long Does It Take to Close on a House

Details: The first step toward closing on a house is negotiating elements of the purchase agreement before signing. Purchase agreements typically include contingencies, which are conditions or actions that must be met for the real estate contract to be binding. Both the buyer and the seller must agree to the terms of the contract.

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2020's Top Real Estate Agents and Realtors in New York, NY

Details: U.S. News’ Find an Agent tool identifies your individual needs, maps your needs to an advanced real estate database, and then connects you with the most qualified real estate agents for you in New York. Your top real estate agent and RealtorⓇ recommendations are unbiased: Agents can't pay for placement and your matches are based solely on how the agents handled properties …

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Building a Backyard Pond: Is It Worth It

Details: The overall price of your backyard pond varies depending on the liner material, pond location and the type of soil on the property. “In 2022, a professionally installed pond starts off at about $8,500, with the average small-medium pond being around $15,000,” says Snyder. “Large-scale ponds and natural pools can be upward of $100,000.”.

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How to Become a Real Estate Appraiser Real Estate US News

Details: The national average base salary for a real estate appraiser in the U.S. is $60,949 per year, according to Payscale as of Feb. 25. The range of reported salaries is from $39,000 per year to $104,000 per year. This doesn’t include any bonuses, profit sharing or commission. A real estate appraiser’s salary also depends on location, licensing

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The Pros and Cons of Peel and Stick Tile Real Estate US News

Details: Peel and stick tile is an excellent way to give your floors, bathroom walls and kitchen backsplash an affordable makeover. “They are fairly easy and quick to install and don't require special tools so they can be a great project for homeowners,” says Elizabeth Burns, designer and owner of Elizabeth Burns Designs in Raleigh, North Carolina.

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What Homebuyers Should Look for When Touring a Home

Details: Here are nine things to look for when you tour a home: Location, location, location. Driving to a home via one route may leave you oblivious to what's half a block away in another direction. Look at neighbors’ homes, nearby buildings and road systems in search of things that would make living in your home less pleasant, including odors, noise

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Driveway Ideas to Maximize Curb Appeal Real Estate US News

Details: You may want to edge your driveway with brick or stone pavers, for example, or opt for concrete, gravel or stones. Driveway entrance ideas. Greenery at the driveway entrance is a popular choice. If your gate is at the end of your driveway, opt for “low-maintenance plantings,” Calisti says. Trimming around a gate can get tricky.

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Contingent vs. Pending: What's the Difference

Details: Financing contingency: This gives the buyer a certain amount of time to secure financing. If the buyer cannot get a mortgage, then the contract can be terminated. Title contingency: The offer is contingent upon the title of the home being clear of any liens or discrepancies. Home sale contingency: The offer is contingent upon the successful

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The 25 Fastest-Growing Places in the U.S.

Details: Average Annual Salary: $44,920. Net Migration, 2015-2019: 7.97%. This northwestern South Carolina metro area is the smallest among the top 25 fastest-growing places on the list, but with population increases like the 7.97% it experienced between 2015 and 2019 due to net migration, it may not stay small for long.

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What You Need to Know Before Considering a Career in Real Estate

Details: If you work hard and smart, develop people skills, make the right connections, learn the industry and your local market, you can make a ton of money. The average transaction side makes between 2.5 and 3 percent of the sale price. On a $250,000 house, that’s at least $6,250 in commissions. Sell just one house a month and you’re already up to

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What Is Condemnation in Real Estate

Details: Eminent domain and condemnation go hand in hand. While eminent domain refers to the ability of the government to take private property for a public use, condemnation is the process by which that happens. “Condemnation is a forced sale,” explains Jennifer Polovetsky, co-chair of the eminent domain practice with New York City law firm Herrick

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Find the Best Real Estate Agents in Huntington, NY

Details: Your top real estate agent and RealtorⓇ recommendations are unbiased: Agents can't pay for placement and your matches are based solely on how the agents handled properties like yours in the past. Agents are compared to all other agents in the area on key performance indicators like transaction volume, listings, days on market, sale price to

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Find the Best Real Estate Agents in Middleport, NY

Details: There are a total of 71 real estate agents active in Middleport, but the top real estate agents in the area are proven to get better outcomes for their clients. According to real estate transaction data analysis, the top 5% of seller’s agents in Middleport, on average, sell homes for $4,161 more money than the average Middleport real estate

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Real Estate Mistakes You Don't Want to Make in a Divorce

Details: If buying out your spouse is your preferred option, be sure you have enough money to do so, on top of other legal fees and costs associated with the split. The average reported cost of a divorce is $15,500, the majority of which is attorney's fees and doesn't include real estate, according to a 2014 survey of visitors to the legal advice site

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Find the Best Real Estate Agents in Harrisville, NY

Details: In Harrisville, no matter what real estate needs you have, you’ll need one of the best real estate agents to get you the price you want. There are a total of 31 real estate agents active in Harrisville, but the top real estate agents in the area are proven to …

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The States With the Lowest Property Taxes

Details: Median Property Tax Rate: 0.74%. Median Property Tax Total: $796. Median Home Value: $107,700. Out of the 10 states with the lowest median property tax payment, Oklahoma has the highest tax rate at 0.74%. However, the low median property value for the state, $107,700, helps keep the median property tax payment at $796.

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