Real Estate Term of the Day: Conditional Offer CONDITIONAL OFFER (aka: Contingency Offer) – purchase contract tendered to the seller that stipulates one or more requirement to be satisfied before the purchaser is obligated to buy (Barron’s Dictionary of Real Estate Terms) The most common form of contingency offer is referred to an offer that … More Real Estate Term of the Day: Conditional Offer
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 