Homeowner Education

The latest news, tips, and tricks for homeowners

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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Cooperative

A housing cooperative, commonly referred to as a co-op, is a corporation formed to share ownership in a single property among multiple residents. In a

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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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Contiguous Lots

Contiguous lots are pieces of real estate that are adjoined or adjacent to each other. Contiguous lots share a common boundary, so parcels of land

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Contract

Any real estate transaction requires a contract, which can be either written or verbal but must spell out every aspect of the transaction in detail.

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Construction Budget

The construction budget is the amount of money allotted for a specific building or remodeling project. Construction budgets are used to anticipate all costs and

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