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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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.
Research on the performance of short-term rentals in a specific area, including occupancy rates, average daily rates, and demand trends.
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.