02
Aug
By support
Real Estate, ,

Why Do People Stage Homes To Sell?

If you're selling your home, your real estate agent has likely advised you to stage your home to sell. But why exactly do people stage homes to sell? Some people go to great lengths to stage their home too, even going so far as moving possessions into storage units or renting furnishings! If your home is already nicely decorated, why should you go to the added trouble of "staging" it? There are many good reasons to stage your home to sell. 1. Staging Makes Your Home Appear More Spacious Having lived in your home for a number of years, you…
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31
Jul
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Real Estate, ,

What Is Eminent Domain?

Eminent domain is a law that gives the federal, state, county, and municipal governments in the United States the legal right to "condemn" property and then seize it to allow its use for development. Eminent domain is supposed to be used by the government at the various levels to do things for the public benefit, such as to build new roads or construct new public schools. Compensation Under Eminent Domain Seizure The government cannot take property without compensating the owner for its market value. Disputes that lead to lawsuits arise when the property owner and the government have a serious…
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30
Jul
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Real Estate, ,

The Community Reinvestment Act Explained In Simple Terms

The federal government adopted the Housing and Community Development Act in 1977, and the Community Reinvestment Act (CRA) portion was designed to prompt lending institutions to provide mortgages for low- and moderate-income Americans. The underlying reasoning for the CRA was to discourage discriminatory lending practices that inhibited low-income communities and neighborhoods. Over the years, its regulations have been revised to improve effectiveness. During the early 1990s, upwards of five changes were made and more following the 2007 financial crisis. With the country currently in the midst of an economic comeback, the Office of the Comptroller of the Currency announced that…
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26
Jul
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Real Estate, ,

Innovative Home Security Technology

For market value and the comfort of a home's occupants, home security is just as important as energy-efficiency. Innovation in smart home technology focuses on both of these areas. Here are some tips about things a homeowner can do to make a home more secure and a few pitfalls to look out for, which may not be obvious. Smart View Doorbell No matter how reinforced the front door of a home is, it is not secure if it is opened by someone inside without first knowing who is there. Additionally, smart doorbells allow the homeowner to view the front of…
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25
Jul
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Real Estate, ,

The Monopoly Technique – How To Build Value By Acquiring Adjacent Properties

Have you ever played the classic board game called Monopoly? The object of the game is to collect all the properties until one winner bankrupts all the other players. The other part of the game is that accumulating properties adjacent to each other increases the value of the individual properties. When a player acquires all the properties of the same color (two or three), then the rents go up and property development can begin. The Monopoly Game In Real Life The same basic principles sometimes work in real life. Owning a property and then buying the one next door creates…
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