Real Estate Term of the Day: Low-Ball Offer LOW-BALL OFFER – an offer from a prospective property buyer that is much lower than the listing price. Such an offer may indicate that buyer’s belief that the property will not attract many good offers and that the asking price is unrealistic. Also, it probably means the … More Real Estate Term of the Day: Low-Ball Offer
Real Estate Term of the Day: Lot Line & Survey LOT LINE – a line bounding a lot as described in a property survey (Barron’s Dictionary of Real Estate Terms) Source: Barron’s Dictionary of Real Estate Terms SURVEY – 1. the process by which a parcel of land is measured and its area ascertained … More Real Estate Term of the Day: Lot Line & Survey
Real Estate Term of the Day: Locked-In Interest Rate LOCKED-IN INTEREST RATE – the rate by a lender at the time of loan application. The promise is a legal commitment of the lender, though there may be qualifications or contingencies that allow the lender to charge a higher rate (Barron’s Dictionary of Real Estate Terms) There … More Real Estate Term of the Day: Locked-In Interest Rate
Real Estate Term of the Day: “Location, Location, Location” “LOCATION, LOCATION, LOCATION” – the “three most important things about real estate”; a popular statement that emphasizes the importance of location with respect to the value of urban real estate (Barron’s Dictionary of Real Estate Terms) But is it all about location, location, location? I was … More Real Estate Term of the Day: “Location, Location, Location”
LESLIE MONACO REAL ESTATE 