Real Estate Term of the Day: Fixtures FIXTURES – improvements or personal property attached to the land so as to become part of the real estate (Barron’s Dictionary of Real Estate Terms) According to the Colorado Contract To Buy and Sell Real Estate, these items are always considered fixtures of the home: Lighting Heating – … More Real Estate Term of the Day: Fixtures
Real Estate Term of the Day: Fixed-Rate Mortgage FIXED-RATE MORTGAGE – a loan secured by real property featuring an interest rate that is constant for the entire term of the loan (Barron’s Dictionary of Real Estate Terms) Contrast to: ADJUSTABLE RATE MORTGAGE (ARM) When financing a new home, it is key that you work with your … More Real Estate Term of the Day: Fixed-Rate Mortgage
Real Estate Term of the Day: First Mortgage & Second Mortgage FIRST MORTGAGE – a mortgage that has priority as a lien over all other mortgage. In cases of foreclosure the first mortgage will be satisfied before other mortgages (Barron’s Dictionary of Real Estate Terms) SECOND MORTGAGE – a subordinated lien (lower priority than another), … More Real Estate Term of the Day: First Mortgage & Second Mortgage
Real Estate Term of the Day: Fiduciary FIDUCIARY – one who acts, in a legal role, in the best interests of others (Barron’s Dictionary of Real Estate Terms) When you hire a BROKER to help you purchase or sell a home, the exclusive agreement between the you and the agent, will illustrate the duties of … More Real Estate Term of the Day: Fiduciary
LESLIE MONACO REAL ESTATE 