Real Estate Word of the Day: "As Is"

When it comes to buying or selling real estate, the term "as is" often appears, but what does it really mean? In simple terms, selling a property "as is" means that the seller is offering it in its current condition, without making any repairs or improvements, and without any warranties or guarantees regarding its condition. Essentially, the buyer accepts the property with all its faults, defects, and issues, if any, without the seller being obligated to address them.

For sellers, listing a property "as is" can offer certain advantages. It provides transparency about the property's condition upfront, which can save time and hassle during negotiations. Sellers are not required to invest additional time or money…

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Pros and Cons of Hiring a Property Manager

Happy Home

An individual or business engaged to supervise a real estate unit's daily operations is known as a property manager. When they are unable or unwilling to handle the properties themselves, real estate investors and property owners usually hire property managers. A property manager plays the important role of managing a specific property and listens to the list of regulations that the property owner sets out for them.

As always when it comes to putting your trust in a person or a team to run your business for you whilst you are handling the behind the scenes work, there are always pros and cons. Managing many properties and maintaining tenant satisfaction may be challenging. If you don't have the time to…

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