Freehold property means the owner has complete ownership of the land and building indefinitely. Leasehold property means the owner has rights to the property for a specified lease period, typically ranging from 30 to 99 years, after which ownership reverts to the landowner.

Location and neighborhood Property condition and age Market trends and property appreciation Financing options and interest rates Legal documentation and title verification

Compare recent sales of similar properties in the area (comparative market analysis). Hire a professional property appraiser. Consider factors such as location, amenities, and current demand.

Closing costs include legal fees, title insurance, realtor commissions, loan origination fees, property taxes, and other administrative costs associated with finalizing a real estate transaction.

Assists in buying, selling, or renting properties Provides market analysis and property valuation Negotiates on behalf of the client Helps with legal paperwork and documentation

Property taxes vary by location and are based on the assessed value of the property. They fund local government services such as schools, roads, and emergency services. Tax deductions may be available for homeowners and investors.

Escrow is a neutral third-party service that holds funds and documents until all conditions of the transaction are met. It protects both buyers and sellers during property transactions.

Home inspection contingency Financing contingency Appraisal contingency Title clearance contingency

A mortgage is a loan used to purchase property, secured by the property itself. The borrower repays the loan in monthly installments, including principal and interest. Mortgage terms vary based on interest rates, loan duration, and down payment.