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A real estate attorney, broker, escrow officer (in the western states), or loan officer can provide detailed information as to the price of title search and insurance before the real estate contract is signed. Title insurance coverage lasts as long as the insured retains an interest in the land insured and typically no additional premium is ...
Traditionally, when a home seller hired a real estate agent to represent their listing, the seller agreed to pay a commission. The national average has been about 5 percent of the home’s sale ...
In 2013, a survey found that about 60% of homes are undervalued by an estimated 17 percent. [3] In some cases, estimates can be too low because of "demand surge" after a catastrophe. [ 2 ] As a safeguard against a wrong estimate, some insurers offer "extended replacement cost" add-ons ("endorsements") which provide extra coverage if the limit ...
DGS builds all non-highway Capital projects, procures nearly $4 billion of goods and services, serves as the real estate agent for state-owned land and leases, oversees the Commonwealth vehicle fleet, maintains all state-owned facilities, implements an energy-management and conservation initiative in all state-owned buildings, serves as the ...
Property taxes: Typically, state and local real property taxes on primary and secondary residences are deductible if you itemize your tax return. For homes purchased on or before December 15, 2017 ...
An 18th-century fire insurance contract. Property insurance can be traced to the Great Fire of London, which in 1666 devoured more than 13,000 houses.The devastating effects of the fire converted the development of insurance "from a matter of convenience into one of urgency, a change of opinion reflected in Sir Christopher Wren's inclusion of a site for 'the Insurance Office' in his new plan ...
A multiple listing service (MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation (among brokers) and accumulate and disseminate information to enable appraisals.
Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.