Real Estate Term of the Day: Market Price & Market Value MARKET PRICE – the actual price paid in a market transaction (Barron’s Dictionary of Real Estate Terms) MARKET VALUE – the theoretical highest price a buyer, willing but not compelled to buy, would pay, and the lowest price a seller, willing but not compelled to … More Real Estate Term of the Day: Market Price & Market Value
LANDLORD LATENT DEFECTS LEAD-BASED PAINT LEASE LEGAL DESCRIPTION LENDER LESSEE LESSOR LIQUIDATED DAMAGES LISTING AGREEMENT LOAN APPLICATION LOAN COMMITMENT LOAN ORIGINATION LOAN PROCESSING LOAN-TO-VALUE (LTV) RATIO “LOCATION, LOCATION, LOCATION” LOCKED-IN INTEREST RATE LOT AND BLOCK NUMBER LOT LINE LOW-BALL OFFER Copyright 2015 – Created by Tagxedo.com
Real Estate Term of the Day: Low-Ball Offer LOW-BALL OFFER – an offer from a prospective property buyer that is much lower than the listing price. Such an offer may indicate that buyer’s belief that the property will not attract many good offers and that the asking price is unrealistic. Also, it probably means the … More Real Estate Term of the Day: Low-Ball Offer
Real Estate Term of the Day: Lot Line & Survey LOT LINE – a line bounding a lot as described in a property survey (Barron’s Dictionary of Real Estate Terms) Source: Barron’s Dictionary of Real Estate Terms SURVEY – 1. the process by which a parcel of land is measured and its area ascertained … More Real Estate Term of the Day: Lot Line & Survey
LESLIE MONACO REAL ESTATE 