Real Estate Terms

In the constantly changing Indianapolis Real Estate market buyers and sellers need to ensure they have every advantage. Being comfortable and knowledgeable with the process is important to understand the entire real estate transaction. One step is to ensure you understand common terms that are used when buying, selling or obtaining a mortgage. To assist you with the Indianapolis real estate process, I am sharing real estate terms and the meaning.

Basis point - A basis point is 1/100 hundredth of one percentage point. For example, the difference between a loan at 8.25 percent and a mortgage at 8.37 percent is 12 basis points.

and

Partial release - A clause found in a mortgage, which directs the mortgagee to release certain parcels from the lien of the blanket mortgage upon the payment of a certain sum of money.

and

Capital improvement - Any structure, which is erected as a permanent improvement to real property; any improvement, which is made to extend the useful life of a property, or to add to the value of the property.

A complete glossary list can be found on my sites that offer additional information on Homes for Sale in the Indianapolis Real Estate Market.

Terry Frantz
Edu Realty Group

Indianapolis Real Estate

As a licensed Broker, I specialize in working with Buying and Sellers in Indianapolis, Greenwood, Whiteland, Southport, Homecroft and Beech Grove.