Tag: real estate term of the day

Real Estate Term of the Day: Homeowners’ Association (HOA)

March 16, 2015

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 Inspector

March 15, 2015

Real Estate Term of the Day: Home Inspector HOME INSPECTOR – a professional who evaluates the structural and mechanical condition of a home prior to its beings sold. Some states require home inspectors to be bonded or licensed (Barron’s Dictionary of Real Estate Terms)  In the State of Colorado, home inspectors are not required to be … More Real Estate Term of the Day: Home Inspector

Real Estate Term of the Day: Historic District, Historic Preservation, Historic Structure

March 13, 2015

Real Estate Term of the Day: Historic District, Historic Preservation, Historic Structure HISTORIC DISTRICT – a designated area where the buildings are considered to have some significant historic character. Such designation makes the area eligible for certain federal assistance programs and protects the area from clearance in conjunction with federally sponsored programs (Barron’s Dictionary of … More Real Estate Term of the Day: Historic District, Historic Preservation, Historic Structure