Real Estates

A property's usethe marketplace contributes to the demand for it.

Anticipation

Change

Transferability

Utility

Which type of real estate investment typically generates rental income?

Residential property

What is a common financing option for purchasing a home?

Mortgage

What is a common feature of a condominium?

Shared ownership of common areas

Which government agency provides mortgage insurance in the United States?

Federal Housing Administration

What is the process called when a homebuyer pays off their mortgage over time?

Amortization

Which factor can influence the value of a property?

Location

What is the definition of a fixer-upper?

A property in need of renovation

What is the primary purpose of a real estate agent?

Negotiating sales contracts

What is a common tax deduction for homeowners?

Property taxes paid