What does STR mean in Real Estate?
You may have come across the term “STR” in real estate listings or conversations. Short for Short-Term Rental, STR is a growing segment within the real estate market.
December 19, 2023
You may have come across the term “STR” in real estate listings or conversations. Short for Short-Term Rental, STR is a growing segment within the real estate market.
In the evolving landscape of real estate, specialized segments like Residential Assisted Living, play a crucial role. Residential Assisted Living is now commonly referred to as “senior housing” or simply “assisted living”. Most elders will face a decision of where to live in their later years.
Like any market, real estate is subject to the laws of supply and demand. But what role does scarcity play in this dynamic? In this article, we’ll explore how scarcity affects real estate prices and what it means for buyers and sellers.
CTG, or ‘contingent,’ in real estate signifies that a property has an accepted offer, but specific conditions or contingencies must be met, such as securing financing or selling an existing home, before the sale can proceed.
COE, or Close of Escrow, is a critical term in real estate, signifying the official transfer of property ownership from seller to buyer upon meeting all contract terms and completing financial transactions.
As we age, the desire to live independently in our own homes becomes increasingly important. A recent study found that 88% of 50-80-year-olds believe in the importance of staying in their homes for as long as safely possible.
The Bay Area has so many recreational, cultural, and gastronomical treats that can’t be found in So Cal.
Escrow and title are essential components of real estate transactions. Escrow involves a specialized bank account that securely holds transaction funds, while title refers to legal ownership of a property, ensuring it’s free from liens or disputes.
Point of Sale (POS) ordinances are city-mandated property repair regulations that ensure safety and environmental health during real estate transactions. While they serve essential purposes in protecting buyers and maintaining community standards, compliance can pose financial burdens and disproportionately impact lower-income property owners.
The current insurance crisis in California is creating significant challenges for new homeowners, with major insurance companies withdrawing from the market. As the pool of insurers shrinks, the cost of owning a home could rise, potentially impacting the affordability of insurance premiums for buyers.
A professional pest inspection is crucial for protecting your property and your wallet. By identifying and addressing issues like termites, dry rot, and other pests early on, you can prevent severe structural damage and maintain a safe and healthy environment for years to come.
Underwriters in real estate play a pivotal role in assessing borrowers’ financial information and creditworthiness to determine their eligibility for mortgage loans, ensuring sound financial decisions and borrower’s ability to repay.
