Home Buyers and Sellers Real Estate Glossary

Every business has it's jargon and residential real estate is no exception. 1001 Tips for Buying and Selling a Home shares Mark Nash, author of commonly used words with home buyers and sellers.

1031 Exchange or Starker exchange: property tax purposes as a tax-deferred exchange exchange qualifies for the delay.

1099: statement of income reported to the IRS for an independent contractor.

I /: A contract that is pending with attorney and inspection contingencies.

With the exhibitions: the exhibition and its customers with the listing agent is an agent should see a listing.

Appendix: an extra one document.

Adjustable Rate (ARM) mortgage: A type of mortgage loan whose rate is an economic index, which fluctuates with the market is tied to. Typical ARM-term one, three, five and seven years.

Agent: Licensed real estate salesperson or broker who represents buyers or sellers.

Annual Percentage Rate (APR): Total (interest rate, closing costs, fees, and so on) costs that are part of a borrower's loan rate of interest expressed as a percentage. Total costs are amortized over the loan period.

Application fee: Fees that mortgage companies charge buyers at the time of written application for a loan, for example, borrowers, property appraisal fees, lender fees, special fees for running credit reports.

Placement: At that time, or time periods an agent shows properties to clients.

Evaluation: the opinion of the value of the property at a specific point in time of a document.

Reviews (AP) Price: Transfer the third party company offers (under most contracts) the seller for his or her property. Generally, the average of two or more independent assessment.

"As is": a contract or the offer that the seller must repair or correct any problems with the property clause. Also used in listings and marketing materials.

Assumable Mortgage: A buyer for the existing loan agreement made with the seller's lender agrees to meet the obligations. When assuming a mortgage, a buyer personally liable for payment of principal and interest becomes. The original mortgagor from liability when the buyer received a written release must be regarded as the original mortgage.

Back on the market (BOM): When a property or listing is back on the market after the market has been recently deleted.

Back-up agent: A licensed agent who works with clients when their agent is unavailable.

The borrower typically pays a combination of principal and interest. At the end of the loan period, the entire unpaid balance must be repaid.

Back-up offer: When an offer is accepted contingent on a fall or through an accepted first offer on a property of the voiding.

Bill of sale: Transfers title to personal property in a transaction.

Board of REALTORS ® (local): an association of REALTORS ® in a specific geographic area.

Broker: A state licensed individual who acts as agent for the seller or the buyer.



Broker Market (BMA) analysis: the expected final net sale price of the real estate broker's opinion, following the acquisition of assets determined by third-party company.

Broker's tour: A preset time and day when real estate sales agents can view listings on the market by several brokerages.

http://www.online-diaries.de/diary/pettrn1/show/63667
http://www.fusac.fr/en/user.php?op=userinfo&uname=hues983
http://www.footbo.com/Blogs/48737-Hello?abp=1
http://asianwomenenterprise.com/community/profiles/100609/
http://www.answerbag.com/profile/1543637
http://www.blogsafety.com/profile/James931/1200091722
http://justcauseit.com/user/james931
http://www.oleaninfo.com/userinfo.php?uid=5390
http://phpnuke.org/modules.php?name=Your_Account&op=userinfo&username=goyal92
http://www.cochrane.es/moodle/user/view.php?id=5627&course=1
http://www.endoroot.com/userinfo.php?uid=5047
http://www.pej.org/html/user.php?op=userinfo&uname=james931
http://www.cochrane.es/moodle/user/view.php?id=5639&course=1
http://www.myeclipseide.org/user.php?op=userinfo&uname=hues983
http://www.wikidot.com/user:info/venus10
http://www.submerse.net/user_detail.php?u=zein92
http://www.empowher.com/users/klaos222
http://www.fusac.fr/en/user.php?op=userinfo&uname=welmsi38
http://jalbum.net/en/browse/user/album/998254/
http://knowyourmeme.com/users/welo44#.TgdYMGFqTD0
http://talkirish.com/members/sduieo29/default.aspx
http://www.csqa.info/user/jcanill9
http://www.footbo.com/Blogs/24849-LINKS?abp=1
http://www.footbo.com/Blogs/6235-Hello?abp=1
http://www.pej.org/html/user.php?op=userinfo&uname=Klaos222
http://www.velocityville.com/uprofile.php?UID=204
http://www.um.es/sacodeyl/moodle/user/view.php?id=56981&course=1
http://www.musique-annuaire.com/user_detail.php?u=welmsi38
http://www.empowerma.com/node/11259
http://www.squidoo.com/lensmasters/wpermil91
http://www.dis-alp.org/user.php?op=userinfo&uname=icerol9
http://www.um.es/sacodeyl/moodle/user/view.php?id=57051&course=1
http://www.petclips.tv/profiles/100096/
http://www.gerontius.net/directory/user_detail.php?u=Klaos222
http://www.velocityville.com/uprofile.php?UID=227
http://www.blogsafety.com/profile/Diclin01/1200091843
http://www.gerontius.net/directory/user_detail.php?u=icerol9
http://www.intenox.com/user_detail.php?u=james931