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At times, real estate agents may be present, still dealing with customers directly from the web. Real estate agents often profit by absorbing a certain percentage of the final sale or rent price as commission. There are cases where commission percentage hits a figure of 6% in America. [7] Internet real estate reduces the cost of an agent and ...
The market value of undeveloped real estate reflects a property's current use as well as its development potential. As a city expands, relatively cheap and undeveloped lands (such as farms, ranches, private conservation parks, etc.) increase in value as neighboring areas are developed into retail, industrial, or residential units.
A mortgage loan or simply mortgage (/ ˈ m ɔːr ɡ ɪ dʒ /), in civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged.
Bellingham (/ ˈ b ɛ l ɪ ŋ h æ m / BEL-ing-ham) is the county seat of Whatcom County in the U.S. state of Washington. [9] It lies 21 miles (34 km) south of the U.S.–Canada border, between Vancouver, British Columbia, 52 miles (84 km) to the northwest and Seattle 90 miles (140 km) to the south.
When the Canadian real estate market collapsed in 2008, Scott saw an opportunity to buy cheap properties in the U.S., where the recession was further along. [44] Convincing JD to come with them, [ 45 ] Scott and his wife left for Las Vegas that December, [ 45 ] making their home in the nearby suburb of Summerlin, Nevada . [ 46 ]
Trump began his real estate career at his father's company, [3] Trump Management, [4] which focused on middle-class rental housing in the New York City boroughs of Brooklyn, Queens, and Staten Island.
This and similar real-estate ventures quickly brought him fame as one of New York City's most successful businessmen. [ 49 ] [ 34 ] Trump made use of loan subsidies created by the Federal Housing Administration (FHA) not long after the program was initiated via the National Housing Act of 1934 , [ 27 ] which also enabled the discriminatory ...
Swampland in Florida is a figure of speech referring to real estate scams in which a seller misrepresents unusable swampland as developable property. These types of unseen property scams became widely known in the United States in the 20th century, and the phrase is often used metaphorically for any scam that misrepresents what is being sold.
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