Real Estate Term of the Day: Buyer’s Market BUYER’S MARKET – a situation where buyers have a wide choice of properties and may negotiate lower prices. Often caused by over building, local population decreases, or economic slump (Barron’s Dictionary of Real Estate Terms) Is Metro Denver’s real estate market considered a buyer’s market? In my … More Real Estate Term of the Day: Buyer’s Market
Real Estate Term of the Day: Buyer’s Broker BUYER’S BROKER – an agent hired by a prospective purchaser to find an acceptable property for purchase. The broker then represents the buyer and negotiates with the seller in the purchaser’s best interest (Barron’s Dictionary of Real Estate Terms) See also: AGENCY, AGENCY DISCLOSURE, AGENT & BROKER In the State … More Real Estate Term of the Day: Buyer’s Broker
Real Estate Term of the Day: Builder Warranty BUILDER WARRANTY – a guarantee on the quality of construction offered by the developer or building contractor (Barron’s Dictionary of Real Estate Terms) It is common for builders in Colorado to offer a 1-year builder warranty on material defects, systems and workmanship. Many builders offer other warranties … More Real Estate Term of the Day: Builder Warranty
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
LESLIE MONACO REAL ESTATE 