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How To Calculate The Square Footage Of A Home | Bankrate

Getting an accurate square footage measurement helps you better assess a home's value. Learn how to calculate square footage correctly and why it's important.

Actived: Tuesday Oct 20, 2020

URL: https://www.bankrate.com/real-estate/determine-square-footage-of-home/

Real estate Definition | Bankrate.com

Details: Real estate is a legal term designating the rights someone has to land and buildings. In most cases, real estate comprises land plus real property, as defined by the local ordinances in which the

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How To Invest In Real Estate | Bankrate

Details: Buying a REIT, or real estate investment trust, is a great option for those who want the returns of real estate with the liquidity and relative simplicity of owning a stock. And you get to collect

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The Average Real Estate Commission Dipped Below 5% Last

Details: A typical real estate commission costs as much as a used car For consumers and Realtors, billions are at stake. Americans pay an estimated $75 billion a year in real estate commissions.

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What To Expect In The Fourth-Quarter Housing Market | Bankrate

Details: When it comes to purchasing, the strong real estate sector favors sellers. With fewer homes on the market than usual, there’s more competition over each listing, and that’s driving prices up.

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These Are The Best Times Of Year To Sell A House | Bankrate

Details: Real estate agents can give you neighborhood-specific sales information so you can make a strategic decision about when to sell. Keep prep time in mind. To maximize your return, sellers should

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7 Tips To Ace The Final Walk-Through | Bankrate.com

Details: Your real estate agent can help you set a time with the seller’s agent when you can be sure the property will be accessible and (hopefully) vacant. “Ideally, the final walk-through will take

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4 Common Real Estate Scams And How To Stop Them Cold

Details: In 2017 alone, 9,645 victims reported real estate fraud, resulting in losses of more than $56.2 million, according to data from the Federal Bureau of Investigation’s Internet Crime Complaint Center.

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10 Counties Where Property Markets Could Be Hit Hard By

Details: The housing slowdown caused by the coronavirus could deliver the sharpest shocks to real estate markets in New Jersey, Illinois and Florida. That’s according to an analysis by ATTOM Data Solutions.

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Can Sellers Reveal Details Of Your Home Offer? | Bankrate.com

Details: A practice in which a home seller’s real estate agent discloses prices and terms of an offer to competing buyers, in an effort to get higher bids. State laws vary, and some states might have

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Current Mortgage Interest Rates | Bankrate

Details: View current mortgage interest rates and recent rate trends. Compare fixed and adjustable rates today and lock in your rate.

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Real Estate Resources - Latest Real Estate News and Expert

Details: Find current real estate industry data and expert analysis of the housing marketplace.

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What Are Real Estate Transfer Taxes? | Bankrate

Details: Real estate transfer taxes are different from property taxes, estate taxes and gift taxes, although it’s easy to confuse them. Property taxes, for one, are imposed on properties as a source of

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Residential real estate Definition | Bankrate.com

Details: Real estate is the land plus any buildings and resources on that land. Real estate may be used for commercial purposes, like operating a store or an office, or for industrial purposes, like

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First-Time Homebuyer Guide | Bankrate.com

Details: A real estate agent can help enormously in the home-buying process. Agents who work in a particular market know the area well and can provide valuable insights about school districts and

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How To Use An Escalation Clause When You Bid On A Home

Details: As the real estate market heats up during the coronavirus pandemic, buyers are encountering bidding wars more frequently, with houses for sale in short supply. To lessen the anxiety, you can

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Do I Need An Agent To Sell My House? | Bankrate

Details: Real estate agents also have access to the multiple listing service (MLS), a database that publicizes the listings in a given area to other real estate professionals and online portals like Zillow.

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10 Tips For Buying Rental Property | Bankrate

Details: Real estate is now Americans’ favorite long-term investment. Should you take the plunge on a rental property? Experts offer a qualified yes, provided you do your homework first. Here are 10

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How To Find Real Estate Comps For Your Home | Bankrate

Details: “Real estate comps are imperative to fully understand the state of today’s real estate market,” explains John Ameralis, a licensed associate real estate broker at Compass in New York City

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How Should You Title Your Home? | Bankrate.com

Details: In real estate, a document called a “deed” records a property’s title, and the transfer of that title between two parties or individuals. Your county or municipal clerk’s office typically

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Renting Vs. Buying A Home: Which Is Right For You? | Bankrate

Details: Weighing the rent-versus-buy decision? Both have upsides and drawbacks. Ultimately, the answer depends on multiple factors, including your finances, your long-term plans and the real estate market

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Mortgage Calculator | Bankrate

Details: Once you have a projected rate (your real-life rate may be different depending on your overall credit picture) you can plug it into the calculator. Mortgage Start Date - Select the month, day and

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Determining Cost Basis Of Gifted Property

Details: Estate tax and gift tax amounts How to avoid estate taxes with trusts When you sell property, you calculate your gain or loss by taking the sales proceeds and deducting the selling expenses.

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2020 Long-Term Capital Gains Tax Rates | Bankrate

Details: Property such as real estate and collectibles, including art and antiques, fall under special capital gains rules. These gains specify different and sometimes higher tax rates. What is the capital

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What To Know About Home Appraisals | Bankrate

Details: Give the appraiser a list of properties in the area that you believe are similar to yours. Your real estate agent may be able to help, or you can research online listings. Make a list of improvements.

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What Homeowners Should Know About Mortgage Forbearance

Details: The only situation in which the loan interest might change is if the lender extends the loan maturity date or increases the loan interest rate, says Andrew Demers, partner at Weiss Serota Helfman

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The 5-Year Home Sale Rule Still Holds | Bankrate.com

Details: The real estate agents’ commission alone can suck up 4 to 6 percent of the home’s sale price. So if you sell your house for $250,000 then you’ll pay up to $15,000 in commissions.

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Common Contingencies In Real Estate | Bankrate

Details: In real estate, a contingency refers to a clause in a real estate purchase agreement specifying an action or requirement that must be met so that the contract can become legally binding. Both the

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Buyers Should Beware Using Seller's Agent | Bankrate.com

Details: Data are mixed on whether buyers in single-agent transactions end up paying more, according to Bennie Waller, a finance and real estate professor at Longwood University in Farmville, Va., who has

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CLUE Reports | Bankrate

Details: Your insurance company uses the information from a free CLUE report to guide it in setting rates for your home. You can access that information and find out if a property was involved, say, in

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Mortgage And Real Estate News This Week | Bankrate

Details: The mortgage and real estate industries remain as hot as ever, which means now can be a great time to buy your first home, refinance your mortgage or tap your home equity to do some remodeling.

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Should I Buy A House Without Realtor? | Bankrate.com

Details: A real estate agent’s job is to match you with a home that fits your budget and lifestyle needs, and help you navigate making an offer, negotiations, the home inspection and closing on your new

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Installment contract Definition | Bankrate.com

Details: How to research real estate comps to estimate your home’s value. You can find real estate comps with a little bit of research. Here’s how. 5 MIN READ Oct. 5, 2020.

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Funding Retirement With Rental Property Income

Details: Real estate in general is also an illiquid asset. Should you be forced to suddenly sell, you may find yourself in the midst of a down market and unable to unload your home for a reasonable price

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How To Protect Yourself From Mortgage Escrow Fraud | Bankrate

Details: The FBI estimates that the annual incidence of real estate scams in general has increased by well more than 1,000 percent since 2015, bilking victims out of more than $150 million in 2018 alone.

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Commercial real estate Definition | Bankrate.com

Details: Commercial real estate example. One of the most famous examples of commercial real estate is the Empire State Building in New York. The building is currently owned by a real estate investment

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Real estate agent Definition | Bankrate.com

Details: A real estate agent is a licensed professional who guides buyers and sellers through real estate transactions. Agents perform different duties, depending on whether they work for the buyer or seller.

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5 Common Reasons Your Investments May Trigger an IRS Audit

Details: Real estate deductions. If you’ve invested in real estate and you manage it yourself, you’ll be writing off legitimate expenses related to the rental property – such as repairs, depreciation

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Mortgage And Real Estate News This Week | Bankrate

Details: The latest updates in the mortgage and real estate industries may provide a little sense of stability in an otherwise hectic news cycle. Housing and the mortgage markets have remained relative

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Tax consequences of flipping real estate - Bankrate

Details: “The biggest issue during the real estate boom with prices rising very quickly, was that people wanted to capitalize on their gains, to take the money and run, so to speak,” says Davis.

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Escrow Account Pros and Cons | Bankrate

Details: Mortgage and real estate news this week: Rates fall and credit tightens. Bank of America CD rates. The coin conundrum: Why coins are still scarce and how it affects consumers.

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Closing On A Home Without An Agent | Bankrate

Details: Buying a house without a real estate agent has its perils. If you overlook something, especially at closing (when contracts are signed), it could cost you. But, if you get it right, it could also

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Owning A Co-Op: Pros And Cons | Bankrate.com

Details: Read more Real Estate Adviser columns and more stories about real estate. Bankrate’s content, including the guidance of its advice-and-expert columns and this website, is intended only to assist

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Investing In Tax Liens Fraught With Risk | Bankrate.com

Details: Purchasing tax lien certificates is one way to get real estate exposure in your portfolio without actually investing in property. While sophisticated investors can make decent returns by investing

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The Ways Home Sellers Can Back Out Of A Contract | Bankrate

Details: A buyer that has a purchase contract with a seller who wants to back out should consult a real estate attorney. If the buyer wants to take it to court, they can sue the seller for breach of contract.

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Mortgage And Real Estate News This Week | Bankrate

Details: Across the country, real estate remains a strong sector of the economy, but the terrain is not completely even across locations. Read the story. 4. Tips for becoming a landlord.

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Comparables (comps) Definition | Bankrate.com

Details: Comparables, sometimes referred to as “comps,” are properties used for comparison in the real estate appraisal process. When a house is on the market, appraisers and real estate agents look

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Certificate of sale Definition | Bankrate.com

Details: Certificate of sale example. Bryant is participating in an auction for foreclosed homes and purchases a foreclosed home in his city for $120,000.

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How To Back Out Of An Accepted Home Purchase Offer | Bankrate

Details: A standard real estate contract typically comes with a number of contingencies — these are the conditions that need to be met in order for you to move forward with a home purchase. This includes

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What Is A Bridge Loan? | Bankrate

Details: Bridge loans can help borrowers move from one home to the next, but they can be dangerous. A bridge loan usually runs for six-month terms and is secured by the borrower's old home.

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Home Sellers Who List During Pandemic Trim Listing Prices

Details: In Pittsburgh, where an aggressive statewide lockdown has prevented real estate transactions altogether, sellers who cut their prices are listing at an average discount of 20 percent. In Phoenix

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