Real Estate Term of the Day: Cap CAP – in adjustable rate mortgages, a limit placed on adjustments to protect the borrower from large increases in the interest rate or the payment level (Barron’s Dictionary of Real Estate Terms)
Real Estate Term of the Day: Buyer’s Market BUYER’S MARKET – a situation where buyers have a wide choice of properties and may negotiate lower prices. Often caused by over building, local population decreases, or economic slump (Barron’s Dictionary of Real Estate Terms) Is Metro Denver’s real estate market considered a buyer’s market? In my … More Real Estate Term of the Day: Buyer’s Market
Real Estate Term of the Day: Buyer’s Broker BUYER’S BROKER – an agent hired by a prospective purchaser to find an acceptable property for purchase. The broker then represents the buyer and negotiates with the seller in the purchaser’s best interest (Barron’s Dictionary of Real Estate Terms) See also: AGENCY, AGENCY DISCLOSURE, AGENT & BROKER In the State … More Real Estate Term of the Day: Buyer’s Broker
Real Estate Term of the Day: Building Codes, Building Inspection & Building Permit BUILDING CODES – regulations established by local governments describing the minimum structural requirements for buildings; includes foundation, roofing, plumbing, electrical, and other specifications for safety and sanitation (Barron’s Dictionary of Real Estate Terms) All 50 states have adopted the I-Codes (published by … More Real Estate Term of the Day: Building Codes, Building Inspection & Building Permit
LESLIE MONACO REAL ESTATE 