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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What is a Gable Roof?

A gable roof is a common roof style characterized by two sloping sides that meet at a ridge in the middle, forming a triangle shape at each end of the house called a gable. These triangular walls are not part of the roof itself but are typically constructed with the same siding material as the rest of the house.

Would you like to learn more about Real Estate? Have you ever wanted to become a Real Estate Agent? Want to know more about being a Realtor? Click on the link for the schedule of our upcoming classes for Real Estate: tocrres.com

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