Real Estate Term of the Day: Builder Warranty BUILDER WARRANTY – a guarantee on the quality of construction offered by the developer or building contractor (Barron’s Dictionary of Real Estate Terms) It is common for builders in Colorado to offer a 1-year builder warranty on material defects, systems and workmanship. Many builders offer other warranties … More Real Estate Term of the Day: Builder Warranty
Real Estate Term of the Day: Broom Clean BROOM CLEAN – a description of the condition of property that is to be turned over to the buyer (Barron’s Dictionary of Real Estate Terms) Before giving possession (aka: handing over the keys) to the buyer, it is customary & courteous for the seller to do these … More Real Estate Term of the Day: Broom Clean
Real Estate Term of the Day: Broker & Brokerage BROKER – a state-licensed agent who, for a fee, acts for property owners in real estate transactions, within in the scope of state law (Barron’s Dictionary of Real Estate Terms) See also: AGENT BROKERAGE – the business of being a broker (Barron’s Dictionary of Real Estate Terms) … More Real Estate Term of the Day: Broker & Brokerage
Real Estate Term of the Day: Biweekly Loan BIWEEKLY LOAN – a mortgage which requires principal and interest payments at two-week intervals. The payment is exactly half of what a monthly payment would be. Over a year’s time, the 26 payments are equivalent to 13 monthly payments on a comparable mortgage loan. As a result, … More Real Estate Term of the Day: Biweekly Loan
LESLIE MONACO REAL ESTATE 