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
The December 2011 Market Report is now available YTD (December 2010 vs December 2011) Single Family Highlights: Increase in the Number of Closed Sales to 31,437 (up 2.1%) Average Days on Market increased to 105 days Number of Active Listings decreased 36.5% to 8,854 Average Sold Price decreased (down 0.8% from $282,080 to $279,230) Units … More December 2011 Market Report is Now Available
Real Estate Term of the Day: Bill of Sale BILL OF SALE – a written instrument given to pass tile of personal property from a seller to a buyer (Barron’s Dictionary of Real Estate Terms) Common items on a bill of sale are: Kitchen appliances if included such as: refrigerator, dishwasher, stove/oven, microwave, cooktop Washer … More Real Estate Term of the Day: Bill of Sale
Real Estate Term of the Day: Backup Contract BACKUP CONTRACT – a contract to buy real estate that becomes effective if a prior contract fails to be consummated (Barron’s Dictionary of Real Estate Terms) In a buyer’s market, we don’t see as many backup contracts placed on homes. There are, however, times when we will … More Real Estate Term of the Day: Backup Contract
LESLIE MONACO REAL ESTATE 