An assignment of contract in real estate allows a buyer (assignor) to transfer their purchase rights to another party (assignee) before the sale is finalized. It’s a common strategy used by real estate investors, particularly in wholesaling. How Does an…
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Understanding Closing Costs for Vacant Land: What’s Included and How Much You Can Expect
Purchasing vacant land can be a great investment or the perfect site for your future home. However, beyond the purchase price of the property, there are additional costs involved in closing the deal. Understanding these closing costs can help you…
Can I Build on a Sloped Lot?
Building on a sloped lot is not only possible but can also result in a unique, visually stunning home. However, it comes with certain challenges and considerations that you’ll need to account for before moving forward. Here’s what you should…
What Is the Difference Between a Mobile Home, a Manufactured Home, and a Modular Home?
The terms “mobile home,” “manufactured home,” and “modular home” are often used interchangeably, but they refer to different types of prefabricated housing with distinct definitions. All three fall under the umbrella of “prefabricated” or “prefab” homes, meaning they are built…
Understanding the Cost of Installing a Well and Septic System: Mountain vs. Flat Land and State Variations
When building a home in rural areas, installing a well and septic system is often necessary. However, the costs can vary based on terrain and state-specific factors.
PERC Testing: What Is It and How Much Does It Cost?
If you’re planning to build a home or install a septic system, PERC testing is a crucial first step. PERC, short for percolation, is a test to measure how well the soil absorbs water. The test helps determine whether your land can support a traditional septic system or if alternative solutions are needed.