Customarily found in real estate contracts, "time is of the essence" represents the necessity for the timely completion of a contract. The clause is something that agents may use colloquially to emphasize the importance of meeting deadlines.

Pandemic Housing Shortages

How to buy a home or condo in a market with low / no inventory

Housing availability for both purchase and rental are extremely low as of the time of writing this (8/7/21).

Some considerations to keep in mind when purchasing in a market which ...

4 reasons to use an FAA sUAS certified DRONE OPERATOR for aerial real estate photography and video

1. They're trained

Drone operation may seem like a fun hobby but there is much more than meets the eye as far as air safety and compliance. A drone operator whose received ...

Question: “Can Realtors also work as wholesalers?”

Depending on the situation, but in many scenarios they cannot; clarifying the question or using a specific example might help explain. This is a question I've heard a couple of times during conversations about real estate in Washtenaw and surrounding counties ...

Summary of industry terms and jargon commonly used in the Ann Arbor & Ypsilanti real estate market.

Terminology may vary somewhat between market location and asset type; we may discuss other terminology in the fields of commercial, investment, zoning, construction, or development in separate articles to follow.

**Disclaimer: All ...

Are buyer’s agents services free for buyers?

It depends, but usually no. While many real estate agents tout buyer’s services as being completely free for buyers, the reality is that buyers are often paying for these services indirectly-- it can be part of their mortgage since the cost of these ...

How are real estate agents paid?

By commissions as delineated in the listing agreements (also often called exclusive right to sell agreements or “ERTS”) which they negotiate with sellers when they’re hired to represent sellers and take the seller’s real estate to the market. Because of this, the vast majority ...