Homeowner Education

Comp Value refers to an estimated property value derived from analyzing the sale prices of similar properties in the same or comparable market area. It

Common Areas are portions of a property that are owned, maintained, or managed collectively and intended for shared use by multiple residents, owners, or occupants.

Closing Costs are the fees and expenses that buyers and sellers pay to complete a real estate transaction at the time ownership is transferred. These

A Clear Title refers to legal ownership of real property that is free from unresolved claims, liens, disputes, or encumbrances that could affect the owner’s

The Chain of Title is the historical sequence of recorded ownership transfers that shows how real property has passed from one owner to the next

A Certificate of Sale is a legal document issued after a property is sold at a public sale, most commonly following a foreclosure, tax sale,

A Buyer’s Market describes a real estate environment in which the supply of available properties exceeds buyer demand, giving purchasers greater leverage in negotiations. In

Bylaws are formal internal rules adopted by an organization to govern its structure, operations, and decision-making processes. They function as a foundational governance document, outlining

A Buyer’s Agent is a real estate professional who represents the interests of a property purchaser throughout the home-buying process. This role is defined by

A Breach of Contract occurs when one party to a legally binding agreement fails to perform a required obligation, performs it improperly, or interferes with