Homeowner Education

The latest news, tips, and tricks for homeowners

Deed

A deed is a legal document used to transfer rights to an asset or a real property from one person to another. A deed is

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Declarations Page

A declarations page is the part of an insurance policy that identifies the people and property covered by the policy and the length of time

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Deductible

A deductible is the amount a person with insurance pays toward her claim before the insurance company pays the remainder.

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County Property Report

The Property Detail report is a comprehensive report that summarizes all the information related to the property, including owner, location, tax, history, property characteristics, and

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Cost Basis

Your adjusted basis is generally your cost in acquiring your home plus the cost of any capital property improvements that add value or extend its

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Cost-plus Contract

A cost-plus contract is an agreement that specifies the client will pay the contractor for construction expenses detailed in the contract, plus an additional percentage

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Corrective Work

Corrective work consists of any maintenance or repairs a buyer requests to be completed before closing on a house or building.

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Conveyance Tax

Conveyance tax is levied on the transfer of real property at the county, municipal or state level. It is computed as a sale price percentage

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