Definitions | Did you know? | Real Estate Randoms | Documents | Acronyms |
---|---|---|---|---|
Also known as a handyman's special it's the hyphenated term for a rundown property bought at a bargain but needing work
A FIXER-UPPER
|
Way back in 2007 forbes.com ran a feature titled Million-dollar these homes for first-time buyers
Starter Homes
|
ABC is shorthand for this aggressive real estate mantra about forever sealing the deal
Always Be Closing
|
Document filled out to listing a home
What is a Listing Agreement
|
What does FSBO stand for?
What is For Sale By Owner?
|
HOA stands for this........ as in those cheapos at the HOA don't want to put in a tennis court
Home Owners Association
|
In 2011 85% of Las Vegas mortgage holders owed more than the house was worth--hold your breath because your this
Under Water
|
Homes that are dressed up with this theatrical-sounding method sell in about 1/5 the time of homes that aren't
Staging
|
Document filled out to purchase a home
What is a Purchase Agreement
|
What does POA stand for?
What is Power of Attorney?
|
Often physically attached to the home they're items that were once personal property but are now part of the sale
Fixtures
|
In England you don't contact a realtor to buy or sell property but an estate one of these instead
An Agent
|
In both commercial & home property the most important element is said to be this
Location
|
Document that indicates your relationship with a consumer
What is a Consumer Relationship Guide
|
What does CMA stand for?
Comparative Market Analysis
|
This term for the conveyance of property to secure a loan literally means dead pledge
Mortgage
|
In 1947 the U.S. was given a 99-year one on Philippine military bases -- it was later shortened
Lease
|
In 1996 California created a state agency to provide this type of homeowners' insurance
Earthquake Insurance
|
Bank provides during condition period to your clients to indicate financing is in order
What is a Approval Letter
|
What does CYA stand for?
Cover Your Ass
|
From the Latin for fair it's a property's fair market value minus outstanding debt
Equity
|
In 1981 when Sears bought it this banker had 236 brokerage offices; today it has 10 times that
Coldwell Banker
|
A claim on a debtor's property; the mechanic's type is held by a worker who wasn't paid
Lien
|
Document to change terms in an a contract
What is an Amendment
|
What does HOA stand for?
Home Owners Association
|