Barbara Berkowitz is one of The Top Selling Real Estate Experts™
Find Out More > |
|
|
|
|
 |
|
 |
|
Welcome > Resources > Real Estate Dictionary - A
A B
C D
E F
G H
I J
K L
M N
O P
Q R
S T
U V
W X
Y Z
O
|
Open listing |
A contract under which the broker is
commissioned to find a buyer before the property is sold by the seller or
another competing broker |
|
Option |
The agreement to keep an offer to purchase or
lease open for a specific period of time |
|
Option listing |
An agreement by which the broker advertising the
property has the right to purchase the listed property himself |
|
Origination fee |
A fee paid to the lender for processing a loan
application |
|
Owner financing |
A property transaction for which the seller
provides all or part of the financing to the buyer |
|
Owner's Title Insurance |
A policy insuring the full purchase price of a
piece of property for the buyer, usually including adjustments for inflation
each year up to a maximum of 150% of the original policy amount, the premium
for which is payable at the time of closing |
A B
C D
E F
G H
I J
K L
M N
O P
Q R
S T
U V
W X
Y Z
Did I Miss the Word YOU Are Looking For? Is there a real estate word that I failed to explain here in my dictionary for homebuyers and sellers? Let me be your personal real estate dictionary! I'll send a brief explanation of any word or term that you encounter when buying and selling property. Do you have a suggestion of a real estate word that should be included? Let me know! I always appreciate feedback. Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let me know! I'm happy to answer ANY questions. It's my job! There's no obligation, and I promise to get back to you quickly...
Working With An Agent >Making Choices Buying a home isn't easy. You may have a good idea of what you want and how much you want to spend, but your search produces a wide array of homes on the
market and a bewildering set of financing options.
As your real estate agent, their job is to minimize the confusion and help match you to the best home and loan for your needs and pocketbook. The agent will listen to your requirements and eliminate from consideration the properties that aren't suitable for you. If there is a gap between your taste and how much you feel comfortable spending, I can help you decide
where to compromise and can suggest financing plans to increase your buying power. When you have selected a home, your next step is to find a lender, a qualified structural inspector, and a termite inspector.
|
|
| Q |
What does the abbreviation PITI stand for?
|
| A |
Principal, Interest, Taxes and Insurance are the four major items included in a monthly mortgage payment. |
 See More Real Estate Trivia > |
|
NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
|
 |
|
 |
|
- NUMBER1EXPERT 
