Category: Home Buying Strategies

Real Estate Term of the Day: Homeownership & Homeownership Rate

March 17, 2015

Real Estate Term of the Day: Homeownership & Homeownership Rate HOMEOWNERSHIP – the state of living in a structure that one owns. Contrasted with being a renter or tenant in one’s home (Barron’s Dictionary of Real Estate Terms)  HOMEOWNERSHIP  RATE – the percentage ratio of owner-occupied dwelling units to total occupied dwelling units in an area (Barron’s Dictionary … More Real Estate Term of the Day: Homeownership & Homeownership Rate

Real Estate Term of the Day: Home Inspector

March 15, 2015

Real Estate Term of the Day: Home Inspector HOME INSPECTOR – a professional who evaluates the structural and mechanical condition of a home prior to its beings sold. Some states require home inspectors to be bonded or licensed (Barron’s Dictionary of Real Estate Terms)  In the State of Colorado, home inspectors are not required to be … More Real Estate Term of the Day: Home Inspector

Real Estate Term of the Day: Historic District, Historic Preservation, Historic Structure

March 13, 2015

Real Estate Term of the Day: Historic District, Historic Preservation, Historic Structure HISTORIC DISTRICT – a designated area where the buildings are considered to have some significant historic character. Such designation makes the area eligible for certain federal assistance programs and protects the area from clearance in conjunction with federally sponsored programs (Barron’s Dictionary of … More Real Estate Term of the Day: Historic District, Historic Preservation, Historic Structure