Category: Real Estate Term of The Day

Real Estate Term of The Day: Recap of the “A” Terms

January 15, 2012

ABSORPTION RATE ACCESSIBILITY ACRE ADJUSTABLE RATE MORTGAGE (ARM) ADJUSTMENTS IN APPRAISAL ADJUSTED SALES PRICE AGENCY AGENCY DISCLOSURE AGENT AMENDMENT AMENITIES AMERICAN LAND TITLE ASSOCIATION AMORTIZATION AMORTIZED LOAN AMORTIZATION SCHEDULE AMORTIZATION TERM ANNUAL PERCENTAGE RATE (APR) APPRAISAL APPRAISAL APPROACH APPRAISAL REPORT APPRAISED VALUE APPRECIATION ARCHITECTURE ARREARS ASBESTOS AS IS ASKING PRICE ASSESSED VALUE ASSESSMENT ASSESSOR ASSUMABLE … More Real Estate Term of The Day: Recap of the “A” Terms

Real Estate Term of the Day: Closing Costs & Closing Statement

January 14, 2012

Real Estate Term of the Day: Closing Costs & Closing Statement CLOSING COSTS – various fees and expenses payable by the seller and buyer at the time of a real estate closing (Barron’s Dictionary of Real Estate Terms) CLOSING STATEMENT – an accounting of funds from a real estate sale, made to both the seller … More Real Estate Term of the Day: Closing Costs & Closing Statement

Real Estate Term of the Day: Closing, Closing Agent & Closing Date

January 13, 2012

Real Estate Term of the Day: Closing, Closing Agent & Closing Date CLOSING – the act of transferring ownership of a property from seller to buyer in accordance with a sales contract.  The time when a closing takes place (Barron’s Dictionary of Real Estate Terms) CLOSING AGENT – a third party (agent the works for a … More Real Estate Term of the Day: Closing, Closing Agent & Closing Date

Real Estate Term of the Day: Certificate of Occupancy

January 12, 2012

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