Real Estate Term of the Day: Certificate of Occupancy CERTIFICATE OF OCCUPANCY (C/O) – a document issued but a local government to a developer permitting the structure to be occupied by members of the public. Issuance of the certificate generally indicates that the building is in compliance with public health and building codes (Barron’s Dictionary … More Real Estate Term of the Day: Certificate of Occupancy
Real Estate Term of the Day: Cap CAP – in adjustable rate mortgages, a limit placed on adjustments to protect the borrower from large increases in the interest rate or the payment level (Barron’s Dictionary of Real Estate Terms)
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: Buyer’s Broker BUYER’S BROKER – an agent hired by a prospective purchaser to find an acceptable property for purchase. The broker then represents the buyer and negotiates with the seller in the purchaser’s best interest (Barron’s Dictionary of Real Estate Terms) See also: AGENCY, AGENCY DISCLOSURE, AGENT & BROKER In the State … More Real Estate Term of the Day: Buyer’s Broker
LESLIE MONACO REAL ESTATE 