All Real Estate Articles - Page 10

A leaseback, or a sale-leaseback, occurs when the seller of a home remains a renter in the property after the close of the sale. This gives sellers more time to move or provides immediate income to a real estate investor. Parties should formalize leaseback terms in an official agreement, including rent, duration, and maintenance responsibilities….

A homeowners’ association (HOA) is the organization in a planned community, subdivision, or condominium complex that maintains common areas through the creation of rules and regulations, which can help protect and improve property values. To subsidize these efforts, HOAs collect fees from homeowners that cover maintenance, landscaping, utilities, and other community expenses. An HOA’s rights…

Escrow is a state-specific process where buyers and sellers deposit documents and funds with a neutral third-party until contract conditions are met. This is commonly used in real estate transactions. After opening an escrow account, the buyer’s earnest money is deposited and parties work to meet contract requirements with oversight from the third-party escrow company….

An estate in land represents an individual’s current or future ownership interest in a piece of real estate. The four major types of estate in land are freehold, leasehold, concurrent, and equitable estates. Each type dictates specific rights that can affect a property’s overall value, such as the ability to earn income off the property….