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What is the Difference Between Under Contract and Pending in Real Estate?
Under contract and pending have similar meanings when used as a status for a real estate listing. And, while they are sometimes used interchangeably, they have slight differences that can impact whether someone will make an offer.
What Does Active Under Contract Mean For a Rental Property?
When searching for a rental property, you might see many of the same status updates you see in real estate sale listings.
What is a Related Party Transaction?
In 2021, when interest rates remained at historic lows, there were a record number of residential real estate transactions. The total number of residential home sales exceeded 7.2 million, and the value of all those transactions topped $2.8 trillion.1
Can I Use Rental Income to Qualify for a Mortgage?
In the wake of the national housing crash that began way back in 2007 as a result of lax mortgage lending standards, obtaining a mortgage has become much more difficult as lenders tightened their underwriting criteria.
Direct Or Fractional Real Estate Investments: Which Offers Greater Potential Profits?
Real estate is historically a robust long-term investment. In the US, homeownership is an elevated goal for many people. For some, extending that pursuit to add additional property becomes the foundation of their wealth accumulation strategy. And it's no wonder since buying and holding real estate can be a path to success.
How Long Can You Lock in a Mortgage Rate?
Mortgage rates took center stage in financial headlines in 2022 after rising to highs not seen in decades.
How to Sell Farmland Without a Realtor
Farmland owners who choose to sell their land holdings often engage brokers or realtors with extensive experience selling farmland to help them navigate the sale process.
What is a Multi-Asset Exchange?
Completing a 1031 exchange often means navigating a twisting, turning road that’s often fraught with speed bumps.
What is Real Estate Wholesaling, and How Does it Work?
Real estate wholesaling is not new, but it seems to be increasingly popular. The recent increase in wholesalers may be due to the emergence of some more prominent players in a traditionally fragmented field. Wholesaling involves a person or company acting as a middleman between a seller and a buyer, usually without using their own money. The wholesaler typically starts by identifying a potential seller - often a homeowner that owns a distressed or rundown property. The owner wants to sell but either can't or is reluctant to invest in fixing the property up for the maximum return. In many cases, the owner urgently needs to sell.
What is Pro Forma in Real Estate?
The Oxford Language Dictionary definition of pro forma is "done or produced as a matter of form" or "a standard document or financial statement.” Similarly, the original Latin meaning is “for the sake of the form.” In contemporary usage, a Pro Forma is a cash flow projection for real estate investments. Pro Formas are typically forward-looking estimates of financial results. Real estate investors rely on the pro forma to analyze potential income and expenses.
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