Premier Island Properties Blog

What is Loan to Value in Real Estate? (LTV)

what is loan to value in real estate

When buying a home, you may come across the term LTV, which is short for “loan to value”. This financial term is used to define the ratio of the amount of money borrowed in a mortgage to the value of the property for which it used. Banks typically use LTV to assess risk and ultimately […]

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What is a Real Estate Broker?

what is a real estate broker

Whether you’re buying or selling a home, you should consider hiring a real estate professional to help facilitate the process. They have the experience and skills needed to ensure a smooth, hassle-free transaction between you and the other party. But, there are a few different real estate professionals, and it’s important to understand the differences […]

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Practical Moving Tips for Homeowners with Pets

moving tips for homeowners with pets

Are you are the proud owner of a pet? Well, you aren’t alone. According to the American Veterinary Medical Association (AVMA), approximately 36.5% of all U.S. households own a dog and 30.4% own a cat. There’s nothing that compares to the unconditional love and loyalty offered by our furry friends. If you’re planning to move, […]

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What is a Real Estate Agent and How Can They Help You?

what is a real estate agent

Also known as a real estate broker or real estate salesperson, a real estate agent is a professional whose job is to help homebuyers find and buy a home and homesellers find a buyer for their home. Generally speaking, they act as the middleman between buyers and sellers of real estate. So, let’s take a […]

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What is a Short Sale in Real Estate?

what is a short sale

In real estate, a short sale refers to the act of selling property for less than the amount still owed to the lender. When a homeowner struggles to pay their monthly mortgage, he or she may consider a short sale as an alternative to foreclosure. Another instance in which short sales are used is when […]

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What is Real Estate? Examining the Terms of the Trade

what is real estate

You’ve probably heard the term “real estate” being used to describe homes and properties, but you might be surprised to learn its true definition. Today, we’re going to take a closer look at what is real estate, revealing what it includes and why it’s important. What is Real Estate?   Real Estate: The Basics Real […]

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Renting vs Buying a Home: Which is the Better Option?

renting vs buying

One of the biggest financial decisions you’ll make in your life is whether to buy or rent your home. Let’s take a closer look at renting vs buying a home and the advantages and disadvantages associated with each option. Before you jump the gun and sign a contract, either for a mortgage or rental lease, […]

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FSBO Tips for Selling your Home

FSBO tips

If you’re planning to sell your home, you typically have one of two options: you can hire a real estate agent, or you can sell your home¬†yourself. The latter, known as “For Sale By Owner” (FSBO), allows sellers to do all of the work themselves while bypassing the commission fees of a real estate agent, […]

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What is a Homeowner’s Association? What Benefits Does it Offer?

homeowner's association

When searching for a new home, you may discover that some properties are in neighborhoods which have a homeowner’s association (HOA). Unfortunately, there’s a lot of misinformation floating around on the subject. To clear up the confusion, we’re going to explain HOAs, how they work, and the pros and cons of joining them.   Homeowner’s […]

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