Homeowner Education

The latest news, tips, and tricks for homeowners

Residuary Estate

A residuary estate refers to everything left in a person’s estate after all specific gifts, debts, taxes, expenses, and obligations have been paid. In estate

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Resale Value

Resale Value Resale Value refers to the estimated amount a property is likely to sell for in the future based on market conditions, property characteristics,

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Recreation Room

A recreation room, often called a rec room, is a dedicated space in a house designed for leisure, entertainment, and informal activities rather than daily

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Real Estate Bubble

A real estate bubble occurs when home prices rise rapidly to levels that are not supported by underlying economic fundamentals, such as income growth, employment,

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Probate

Probate is the legal process through which a deceased person’s estate is reviewed, administered, and distributed under court supervision. During probate, the court validates the

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Probate Sale

A probate sale is the sale of real estate that is owned by a deceased person’s estate and sold under court supervision as part of

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Private Easement

A private easement is a legal right granted to a specific individual, group, or property owner to use a portion of another person’s property for

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Pest Inspection

A pest inspection is a professional evaluation of a house or property to identify the presence of wood-destroying organisms or other pests that could damage

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