What is a Planned Unit Development?

A planned unit development (PUD) is a housing community made up of single family residences, townhomes, and condominiums -- as well as commercial units.

PUDs offer many common areas owned by the HOA and amenities beyond what normal apartment buildings or townhomes offer, including tennis courts and outdoor playgrounds.

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What is a Conventional Mortgage?

Conventional mortgages are among the industry’s most common loan offerings. In fact, many homebuyers choose a traditional 30-year conventional mortgage when financing their property purchase. However, conventional mortgages are not backed or insured by a government entity, so they can require higher down payments or mortgage insurance.

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What is a Probate Sale?

Probate sales occur whenever a homeowner passes away without writing a will or leaving the property to someone else. The probate court will authorize an estate attorney to get the services of a real estate agent, who will then be tasked with selling the property.

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