Real Estate Term of the Day: Crawl Space CRAWL SPACE – narrow opening between the ground and the underside of a structure, not tall enough to permit standing but sufficient to give access as needed to wiring, plumbing, and other utilities (Barron’s Dictionary of Real Estate Terms) A few other uses for a crawl space … More Real Estate Term of the Day: Crawl Space
Real Estate Term of the Day: Covenant COVENANT – promise written into deeds and other instruments agreeing to performance or nonperformance of certain acts, or requiring or preventing certain uses of the property (Barron’s Dictionary of Real Estate Terms) Common items found in a neighborhood’s convents (typically enforced by an HOA) may include: rules regarding … More Real Estate Term of the Day: Covenant
Real Estate Term of the Day: Counteroffer COUNTEROFFER – rejection of an offer to buy or sell, with a simultaneous substitute offer (Barron’s Dictionary of Real Estate Terms) I’ve submitted my offer to the seller, now what? If the seller signs your initial offer before the Acceptance Deadline, the offer becomes a firm contract for … More Real Estate Term of the Day: Counteroffer
Real Estate Term of the Day: Conveyance CONVEYANCE – the transfer of the title of real estate from one to another; the means or medium be which title of real estate is transferred (Barron’s Dictionary of Real Estate Terms) A warranty deed is most often used as a conveyance of ownership at the closing in the … More Real Estate Term of the Day: Conveyance
LESLIE MONACO REAL ESTATE 