A guarantee from the seller to the buyer in a real estate transaction, ensuring that the seller has the legal right to sell the property and that the title is free from defects.
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Glossary Term: Real Estate
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Research on the performance of short-term rentals in a specific area, including occupancy rates, average daily rates, and demand trends.
The process of finding and acquiring suitable properties to add to a vacation rental management portfolio.
The process of determining the market value of a vacation rental property, considering factors like location, size, and amenities.
The supply and demand dynamics of housing within an urban area, influencing the availability and affordability of properties for short-term rental purposes.
A location experiencing high demand for short-term rentals, characterized by strong occupancy rates, competitive pricing, and potential for investment.
Research conducted to understand the performance of the short-term rental market in a specific location, including occupancy rates, average daily rates, and seasonal trends.
Purchasing properties in rural areas specifically for the purpose of short-term rentals, often driven by the potential for higher returns and lower property prices.
The estimated worth of a short-term rental property based on factors such as location, size, condition, amenities, and rental income potential.
A legally binding agreement between a buyer and seller that outlines the terms and conditions for the sale and purchase of a property, including the purchase price, closing date, and any contingencies.
The use of high-quality, professionally taken photographs to showcase a rental property in its best light and attract more bookings.