Under what circumstances would you consider buying or renting a house?

Q: Why do insurance companies offer discounts on new houses opposed to old ones?

A: Insurance companies offer discounts on new houses opposed to old one because:

Q: Explain low-income housing tax credit?

A: Low-income housing tax credit: The low-income housing tax credit is an inducement of tax for housing…

Q: In what circumstance would a property insurance claim be rejected?

A: An insurance claim is a written request for coverage or compensation from an insurance company for a…

Q: What are some costs of home ownership that are not deductible?

A: Costs are the monetary value of expenditures for goods, services, labor, products, equipment, and…

Q: What are some of the possible consequences should a home owner allow the policy to lapse?

A: If the policyholder of the property insurance fails to make multiple payments, then the homeowners…

Q: What type of property insurance would cover injury to a repairperson on your property?  A.…

A: Given, A. Meaning of additional living expenses coverage,  It is a important part of the maximum…

Q: Propose ethical suggestions to reduce estate tax and gift taxes on property transfers.

A: Estate Tax: The estate tax is a levy on the overall worth of an individual's estate, which includes…

Q: Why should you be concerned with retirement and estate

A: The retirement planning of the most important decisions because it involved  part of the decisions…

Q: Why would a buyer want to have a contract with a real estate brokerage?  What benefits would there…

A: Contract - It is kind of written agreement in the arrangement where one concerning about sales,…

Q: Explain the exclusion for gain  on sale of personal residence. Does that exclusion apply to d sale…

A: Tax refers to the amount that is charged by the government on the income and gain earned by the…

Q: Name the three general methods of title assurance and briefly describe each. Which would you…

A: The proof in writing about property ownership or related to making investments in the real estate is…

Q: The standard homeowners policy contains both property and liability coverages.    True or False

A: The standard homeowners policy can be defined as the contract between insurer and the insured where,…

Q: Explain the Tax Treatment of Personal and Qualified Residences?

A: Tax Treatment of Personal and Qualified Residence: During one taxable, one taxpayer can choose 2…

Q: Identify issues pertaining to any financial regulations  that cause persons to loose  their home?

A: In case of a default unlimited liability might cause a shareholder to loose their home.

Q: state

A: The ethical implications of the estate, inheritance, and gift taxes are as follows :-  (I) Estate…

Q: what are the advantages of high deductible on home insurance

A: A percentage deductible is generally greater than a conventional flat rate based on your houses'…

Q: How would a renters insurance policy help protect your property? What do such policies cover? How…

A: Tenant’s insurance helps secure you and your possessions, bear in mind that it doesn't usually cowl…

Q: What are the benefits of having third-party insurance?

A: When insurance is purchased for protection against claims of other persons, the insurance is called…

Q: What is the difference between real property and personal property?

A: Real property can be described as a property in which the things are attached to the land.Because it…

Q: How do a person’s employment and household situation influence the selection of housing?

A: A house can either be purchased on cash or on credit. Purchasing the house on credit requires…

Q: How does renter’s insurance differ from other home insurance policies?

A: Insurance is a contract between the company and the individual for protecting the specific assets…

Q: what are the advantages and disadvantages of renting versus owning a home?

A: The choice of whether to buy or rent has a significant impact on one's financial situation, way of…

Q: Is real estate mortgage a real contract?

A: When two parties are get into contract for the purpose of sale and purchase in order to agreeing…

Q: Which Property can be Covered by a Mortgage?

A: Mortgage is a financial debt instrument signed by the borrower when he borrows money from the lender…