Real Estate Term of the Day: Contract for Purchase CONTRACT FOR PURCHASE – an agreement between competent parties to do or not to do certain things for a consideration (Barron’s Dictionary of Real Estate Terms) Also known as a: contract, contract of sale, agreement of sale, purchase contract, purchase agreement The contract for purchase will … More Real Estate Term of the Day: Contract for Purchase
Real Estate Term of the Day: Conditions CONDITIONS (aka: Contingency Clause) – provision(s) in a contract that some or all terms of the contract will be altered or cease to exist upon a certain event (Barron’s Dictionary of Real Estate Terms) Common conditions that can be negotiated between the buyer and seller in a Colorado … More Real Estate Term of the Day: Conditions
Real Estate Term of the Day: Concessions CONCESSIONS (aka: Seller Concessions) – reduction in price (could be credit for closing costs), or other benefit provided to a buyer as an inducement to buy (Barron’s Dictionary of Real Estate Terms) Requests for seller concessions in the form of closing costs are a common negotiating point between … More Real Estate Term of the Day: Concessions
Real Estate Term of the Day: Comparative Market Analysis & Comparable Sales COMPARATIVE MARKET ANALYSIS (aka: Competitive Market Analysis or CMA) – an estimate of the value of property using only a few indicators taken from sales of comparable properties, such as price per square foot. These value estimates are not appraisals and do not meet … More Real Estate Term of the Day: Comparative Market Analysis & Comparable Sales
LESLIE MONACO REAL ESTATE 