Real Estate Term of the Day: Biweekly Loan

Real Estate Term of the Day: Biweekly Loan BIWEEKLY LOAN – a mortgage which requires principal and interest payments at two-week intervals.  The payment is exactly half of what a monthly payment would be.  Over a year’s time, the 26 payments are equivalent to 13 monthly payments on a comparable mortgage loan.  As a result, … More Real Estate Term of the Day: Biweekly Loan

December 2011 Market Report is Now Available

The December 2011 Market Report is now available YTD (December 2010 vs December 2011) Single Family Highlights: Increase in the Number of Closed Sales to 31,437 (up 2.1%) Average Days on Market increased to 105 days Number of Active Listings decreased 36.5% to 8,854 Average Sold Price decreased (down 0.8% from $282,080 to $279,230) Units … More December 2011 Market Report is Now Available

Real Estate Term of the Day: Bill of Sale

Real Estate Term of the Day: Bill of Sale BILL OF SALE – a written instrument given to pass tile of personal property from a seller to a buyer (Barron’s Dictionary of Real Estate Terms) Common items on a bill of sale are: Kitchen appliances if included such as: refrigerator, dishwasher, stove/oven, microwave, cooktop Washer … More Real Estate Term of the Day: Bill of Sale