Welcome back to the second segment of SOLD, where we simplify the complex world of real estate! If you're in the market to buy a home, understanding key terms is crucial to making informed decisions. Join us as we break down must-know terms every homebuyer should be familiar with.

In this video, we delve into a comprehensive guide covering terms like:

Expansive Soils: Learn about the impact of soil composition on your property and potential risks.

FERPTA (Foreign Investment in Real Property Tax Act): Discover how this regulation affects international buyers investing in U.S. real estate.

Flood Insurance: Understand the importance of flood insurance coverage, especially in high-risk areas.

Historic and Conservation Districts: Explore the significance of preserving historical and environmentally sensitive areas.

Mineral Rights: Gain insights into property rights regarding subsurface resources like minerals and oil.

Inspections: Uncover the importance of thorough property inspections to identify any issues before finalizing a purchase.

Mandatory Owners Associations: Learn about the role of homeowners associations and their impact on property ownership.

Whether you're a first-time homebuyer or a seasoned investor, arming yourself with knowledge is key to a successful real estate transaction. Stay tuned for expert tips, insider advice, and valuable insights to empower your home buying journey!

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