Imagine a world in which an accepted offer on a property is not legally binding, and either the seller or buyer can pull out of the accepted offer just for fun. This world is not so imaginary if you’re in England or Wales, where an accepted offer on a home is...
A vampire property is a residential property that has gone through foreclosure or has been abandoned by its owner, but is still occupied by former owners, tenants, or other individuals who remain in the home. This puts the property in a sort of “undead”...
“RP Residential” is a property type designation in Portland, Oregon (and in some other jurisdictions) that stands for “Real Property, Residential.” This means that the property is currently used as a residence, and not for commercial or...
“RCU Residential, Commercial Use” is a property designation used in Portland, Oregon (as well as in other jurisdictions across the country) to describe a property that has both residential and limited commercial uses, excluding industrial uses. Thus, a...
Terms like “buyer’s market” and “seller’s market” are frustrating to me because they’re often used thoughtlessly. These terms are useful to describe large-scale trends, but they lead people to make faulty assumptions about...
