Real Estate Term of the Day: Energy Efficient

Real Estate Term of the Day: Energy Efficient ENERGY EFFICIENT – as applied to buildings, generally indicating the existence of extra insulation, weatherproofing, and/or specific features and equipment designed to reduce the cost of energy for heating, cooling and hot water (Barron’s Dictionary of Real Estate Terms) According to the U.S. Department of Energy, Before you … More Real Estate Term of the Day: Energy Efficient

Real Estate Term of the Day: Developer & Development

Real Estate Term of the Day: Developer & Development DEVELOPER – one who transformed raw land to improved property by use of labor, capital, and entrepreneur efforts (Barron’s Dictionary of Real Estate Terms) Developers buy land, finance real estate deals, build or have builders build projects, create, imagine, control and orchestrate the process of development from … More Real Estate Term of the Day: Developer & Development

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

CAP CERTIFICATE OF OCCUPANCY CLEAR TITLE CLOSING CLOSING AGENT CLOSING COST CLOSING DATE CLOSING STATEMENT CLOUD ON THE TITLE CLUSTER HOUSING CODE OF ETHICS COMMISSION COMMITMENT LETTER COMMON AREAS COMMUNITY ASSOCIATION CO-MORTGAGOR COMPARABLE SALES COMPARATIVE MARKET ANALYSIS CONCESSIONS CONDITIONS CONDITIONAL OFFER CONDITIONS, COVENANTS & RESTRICTIONS CONDOMINIUM CONFORMING LOAN CONTRACT FOR PURCHASE CONVENTIONAL LOAN CONVEYANCE COUNTEROFFER … More Real Estate Term of The Day: Recap of the “C” Terms

Real Estate Term of the Day: Custom Builder & Production Builder

Real Estate Term of the Day: Custom Builder & Production Builder CUSTOM BUILDER – one who builds unique houses, in contract with a tract builder (Barron’s Dictionary of Real Estate Terms) There are two types of custom home builders (source: REBAC Buyer Representation in New-Home Sales): Pure custom home builders – Works from unique architectural … More Real Estate Term of the Day: Custom Builder & Production Builder