Real Estate Term of the Day: Home Warranty HOME WARRANTY – offers protection for mechanical systems and attached appliances against unexpected repairs not covered by homeowners’ insurance; coverage extends over a specific time period and does not cover the home’s structure (HUD Glossary) Learn more about receiving your home warranty at closing Below is a … More Real Estate Term of the Day: Home Warranty
Real Estate Term of the Day: Homeownership & Homeownership Rate HOMEOWNERSHIP – the state of living in a structure that one owns. Contrasted with being a renter or tenant in one’s home (Barron’s Dictionary of Real Estate Terms) HOMEOWNERSHIP RATE – the percentage ratio of owner-occupied dwelling units to total occupied dwelling units in an area (Barron’s Dictionary … More Real Estate Term of the Day: Homeownership & Homeownership Rate
Real Estate Term of the Day: Homeowners’ Association (HOA) HOMEOWNERS’ ASSOCIATION (HOA) – an organization of the homeowners in a particular subdivision, planned unit development, or condominium; generally for the purpose of enforcing deed restrictions or managing the common elements of the development (Barron’s Dictionary of Real Estate Terms) According to the Colorado Department of Regulatory Agencies’ website: … More Real Estate Term of the Day: Homeowners’ Association (HOA)
Real Estate Term of the Day: Home & House HOME – 1.) a structure or space considered by its occupants to be their primary residence, 2.) often used to mean a house (Barron’s Dictionary of Real Estate Terms) HOUSE – in real estate usage, a residential structure containing a single dwelling unit (Barron’s Dictionary of … More Real Estate Term of the Day: Home & House
LESLIE MONACO REAL ESTATE 