Real Estate Term of the Day: Equity EQUITY – the value that the owner has in real estate over and above the liens or ENCUMBRANCES against it (Barron’s Dictionary of Real Estate Terms) 4 easy ways to increase the equity in your home: Maintain your home. It is very important that you keep up on the … More Real Estate Term of the Day: Equity
Real Estate Term of the Day: Environmental Protection Agency (EPA) ENVIRONMENTAL PROTECTION AGENCY (aka: EPA) – an agency of the U.S. Government established to enforce federal pollution abatements laws and to implement various pollution prevention programs (Barron’s Dictionary of Real Estate Terms) Some buyers & sellers don’t realize that the EPA does have an impact … More Real Estate Term of the Day: Environmental Protection Agency (EPA)
Real Estate Term of the Day: Energy Efficient ENERGY EFFICIENT – as applied to buildings, generally indicating the existence of extra insulation, weatherproofing, and/or specific features and equipment designed to reduce the cost of energy for heating, cooling and hot water (Barron’s Dictionary of Real Estate Terms) According to the U.S. Department of Energy, Before you … More Real Estate Term of the Day: Energy Efficient
Real Estate Term of the Day: Eminent Domain EMINENT DOMAIN – the right of the government or a public utility to acquire property for necessary public use by condemnation; the owner must be fairly compensated (Barron’s Dictionary of Real Estate Terms) A recent example of eminent domain use is the construction of the RTD FasTracks … More Real Estate Term of the Day: Eminent Domain
LESLIE MONACO REAL ESTATE 