What is police power?
Police power is a term used to describe the government's ability to make laws governing the public. In real estate, police power takes away property owners' rights and makes them subject to regulations created by the government for their own well-being.
What is the work of police...
Steering In Real Estate
Steering is the illegal practice of influencing a person's real estate choices, usually toward properties that offer the broker an unusually large commission. For example, if you were looking for an apartment to rent in Chicago and found two options, both with similar qualities (such as...
What is functional obsolescence real estate?
Functional obsolescence is a type of real estate (property) depreciation that applies to buildings and other structures. It refers to the loss in value due to the inherent characteristics or behavior of the structure. For example, an office building will lose value if it...
Accretion in real estate
The term accretion real estate refers to land that forms gradually through natural forces rather than being subdivided by construction. This process, which adds new property sections beginning at the water's edge and moving land inward, continues over time as erosion, flooding, weathering, and other natural...
Condemnation
Condemnation refers to a process in which the government takes possession of private land or property for public use or economic development. For example, a town or a city may want to expand or improve infrastructure or buildings, which requires the use of the private property to the full...
A mortgage is a big decision for anyone wanting to become a homeowner. Due to the significant loan amount, the financial obligation is as well. Thus, you must borrow prudently and cost-effectively to have an easy time repaying your debt. Traditional banks, credit unions, and other smaller lenders may...
Do you have good capital and want to invest it? Then real estate is one of the best options you can consider for investing. People are always in need of a property. This makes real estate a good investment option. One shall not delay looking and buying properties from...
Karachi is one of the most booming cities in the world and with that, comes a lot of construction projects. If you're looking for an investment opportunity, some of the top housing projects to invest in Karachi are the following:
CHAPAL GRANDE VISTA
CHAPAL GRANDE VISTA is one of the most...
People from all over the country relocate to Atlanta every year. For several years, it has been one of the country's top inbound states. However, it can be challenging to grasp what makes a city like Atlanta special and why many people love to call it home. You can...
