Real Estate Term of the Day: Closing, Closing Agent & Closing Date CLOSING – the act of transferring ownership of a property from seller to buyer in accordance with a sales contract. The time when a closing takes place (Barron’s Dictionary of Real Estate Terms) CLOSING AGENT – a third party (agent the works for a … More Real Estate Term of the Day: Closing, Closing Agent & Closing Date
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: Broom Clean BROOM CLEAN – a description of the condition of property that is to be turned over to the buyer (Barron’s Dictionary of Real Estate Terms) Before giving possession (aka: handing over the keys) to the buyer, it is customary & courteous for the seller to do these … More Real Estate Term of the Day: Broom Clean
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
LESLIE MONACO REAL ESTATE 