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Contract

Real estate contract

From Wikipedia, the free encyclopedia.

A real estate contract is a contract for the purchase/sale, exchange, or other conveyance of real estate between parties. Real estate called leasehold estate is actually a rental of real property such as an apartment, and leases (rental contracts) cover such rentals since they typically do not result in recordable deeds . Freehold ("More permanent") conveyances of real estate are covered by real estate contracts, including conveying fee simple title , life estates , remainder estates, and freehold easements . Real estate contracts are typically bilateral contracts (i. e., agreed to by two parties) and should have the legal requirements specified by contract law in general and should also be in writing to be enforceable.

 

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MADRID, Spain - Spain said Monday its inflation rate for 2008 was 1.5 percent, the lowest rate in a decade. The National Statistics Institute said the year-on-year rate fell 0.9 percentage points in December, the fifth consecutive monthly drop. [read more]

MANILA, Philippines - The country's annual inflation rate eased further to 8% in December, the lowest since April last year, as food and energy prices continued to drop. [read more]

MANILA, Philippines – (UPDATE 2) Annual inflation in the Philippines fell to its lowest in nine months in December, tracking similar declines in the region, and the central bank said it will consider further rate cuts as oil prices continued to slide. [read more]

Jan. 6 (Bloomberg) -- Federal Reserve officials are focused on driving down the spreads between U.S. Treasury yields and consumer and corporate loans, after cutting the main interest rate to almost zero failed to revive lending. [read more]

Jan. 6 (Bloomberg) -- CRH Plc , the world’s second-biggest maker and distributor of building materials, said second-half profit fell by a “high-teen” percentage after a construction slump spread to European markets. [read more]

Jan. 6 (Bloomberg) -- Chile’s monthly inflation rate fell to the lowest in at least 20 years in December, increasing the scope for the central bank to cut interest rates this week. [read more]

Jan. 6 (Bloomberg) -- Europe’s inflation rate fell to the lowest in more than two years in December as oil prices plunged and consumer spending slumped, increasing the scope for the European Central Bank to reduce borrowing costs further. [read more]

Jan. 6 (Bloomberg) -- The pound rose against the euro for a second day, trading close to 91 pence for the first time in almost three weeks, on speculation interest-rate cuts will revive the economy faster than in the common-currency region. [read more]

We are still focussing on cutting down that credit debt, why not renegotiate your rate? [read more]

Jan. 5 (Bloomberg) -- Colombia’s peso bonds rose, erasing a decline, after the central bank signaled it will further cut the benchmark interest rate as slowing economic growth eases inflation pressures. [read more]

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What will the new year bring for housing and real estate? Its easy to look at all the negative economic news in the headlines and say - theres no sign that 2009 is going to be any better than 2008. [read more]

The City of Torontos Land Transfer Tax (LTT), introduced last year, has had punishing effects on the Toronto housing market, reducing transactions and lowering average prices, says a study by the C.D. Howe Institute. It also says that theres no advantage to using an LTT instead of simply raising property taxes, but there is plenty of downside to this type of tax. [read more]

McLEAN, VA -- Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.10 percent with an average 0.7 point for the week ending December 31, 2008, down from last week when it averaged 5.14 percent. Last year at this time, the 30-year FRM averaged 6.07 percent. The 30-year FRM has not been lower since Freddie Mac started the Primary Mortgage Market Survey in 1971. [read more]

Its shaping up to be one of real estates surprise hot potato issues for 2009: Who chooses appraisers when houses are sold and financed? [read more]

Unlike many of the condo markets in the south, prices for a condominium in New Orleans is outpacing 2007 levels, according to data from the National association of Realtors. The median price of a condominium in the city of blues is up 7.7 percent compared to the 3rd quarter in 2007. This is the third consecutive quarter that prices have beat out last year s numbers for the metropolitan area. [read more]

When it comes to adding tile to a home, a lot of us head to the local warehouse stores to choose from a variety of selections. Using tile in a home for artwork can enhance homeowners surroundings while adding value and bringing home a museum-quality artwork look. [read more]

Americans are staying put more then ever, but when they do move many of them do so for housing-related reasons, say, to buy a new home or find a better neighborhood. [read more]

If youre looking to buy an investment condo at a great price in Florida, you just might want to get your loan application nailed down and in before January 15th. [read more]

While building green may still cost more upfront, many building industry professionals realize that the health benefits, employee productivity, and the overall positive impact to the environment far outweigh the initial fees. Better yet, environmental responsibility and green building eventually will lead to lower operating costs and increased revenue for building operators and owners. A new report by industry giant McGraw-Hill Construction backs these assumptions, showing an increase in the perceived value of green building among architects, engineering firms, contractors and owners over the last three years, especially the financial benefits. [read more]

Homeowner associations were fashioned after the villages of an earlier time where leadership consisted of a volunteer mayor and council. HOAs today have a similar volunteer board of directors. The complexion of the village has changed, but the organization is pretty much the same. The biggest challenge is how to get volunteers to serve. [read more]

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