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Real Estate Glossary: E
June 20, 2007 By 7 Comments
Easement Restriction of the right of ownership for reasons of private interest, general interest or public use. Right of access or use of land by others, for a defined purpose (passage, parking, public utilities, etc.). Equity The difference between the price for which a home could be sold and the total debts registered against it. Equity usually increases as the mortgage is reduced through … [Read more...]
Study shows economic benefits of MLS® home sales
June 16, 2007 By 1 Comment
Average home sale yields $32,200 in additional consumer spending. OTTAWA – June 12, 2007 The resale housing industry in Canada generated more than 158,000 jobs and an average of $15.3 billion annually in the period from 2004 and 2006, according to a study prepared for The Canadian Real Estate Association by Altus Clayton. The report says each residential MLS® transaction generated an average … [Read more...]
Improving Your Home’s Air Quality
June 11, 2007 By 2 Comments
Is the air in your home making you sick? It can be as innocuous as a persistent cough, rash or headache. But, for the very young, the elderly and those with respiratory disease, the effects of indoor air contamination can be far more serious. The very air you breathe could be affecting the comfort and health of your family. Recognizing the symptoms of poor air quality is the first step toward … [Read more...]
Real Estate Glossary: D
June 7, 2007 By 4 Comments
Deposit A sum of money that accompanies a promise to purchase an immovable. The deposit must be placed in a trust account and will be deducted from the balance payable at the signing of the act of sale, or it will be returned to the proposer if the sale does not go through. Description sheet Document on which a real estate broker or agent has presented the features (construction year, taxes, … [Read more...]
What is Home Staging?
June 4, 2007 By 1 Comment
Home Staging – the MUST HAVE marketing tool for your property By Sveta Melchuk MSN Encarta dictionary defines Home Staging as the act of "beautifying a home for sale: cleaning, repairing and updating the decor and furnishings of an older home to make it more attractive when shown to potential buyers." The concept dates from 1970s, when a California Realtor and decorator noticed that the … [Read more...]
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