Who is a General Contractor?

In the construction industry, a general contractor (GC), also known as a main contractor, prime contractor, builder, or contractor, plays a crucial role in overseeing and managing the entire construction project. They act as the central figure responsible for coordinating all aspects of the construction process, from planning and budgeting to ensuring the project is completed on time, within budget, and according to the desired specifications.

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What is a Gain - in Real Estate?

A gain in real estate refers to the increase in the value of a property over a specific period. It's calculated by subtracting the original purchase price (including closing costs) from the final selling price (including any selling costs).

A gain isn't considered realized until the property is sold. Before the sale, the increase in value is just an unrealized gain on paper.

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Who is a Grantor?

A grantor is the person or entity transferring ownership of a property to another individual or entity through a deed. They are essentially the seller in a real estate transaction. The transfer of ownership is officially documented in the deed, which names the grantor and the recipient, called the grantee.

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