The constantly changing 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 real estate process, I am sharing real estate terms and their meaning.
Fair credit reporting act - A federal law passed in 1971 that regulates the activity of credit bureaus. It is designed to prevent inaccurate or obsolete information from staying in a consumer's credit file and requires credit bureaus to have reasonable procedures for gathering, maintaining and disseminating credit information. The act also requires credit bureaus to show a consumer their credit file if the consumer presents proper identification, although the bureau reserves the right to charge a fee for doing so.
and
Offer and acceptance - The two components of a valid contract; a "meeting of the minds."
A more complete list and glossary can be found on both of my sites that offer additional information on Homes for Sale in Hernando County or Spring Hill.
Chris Frantz
Exit Success Realty
13111 Spring Hill Dr
Spring Hill Fl 34609
352-686-2222.
As a licensed Realtor I specialize in working with Buying and Sellers in Spring Hill, Brooksville, Ridge Manor, Weeki Wachee, Hernando Beach in the Hernando County Real Estate Market. Sign up to receive emails of homes as the are listed, short sales, foreclosures and land sales.
With the constantly changing 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 real estate process, I am sharing real estate terms and their meaning.
Tenancy in common - A form of concurrent ownership of property between two or more persons, in which each has an undivided interest in the whole property; frequently found when the parties acquire title by descent or by will.
and
Tenants in common - Two or more owners who share interest in a specific property.
A more complete list and glossary can be found on both of my sites that offer additional information on Homes for Sale in Hernando County or Spring Hill.
Chris Frantz
Exit Success Realty
13111 Spring Hill Dr
Spring Hill Fl 34609
352-686-2222.
As a licensed Realtor I specialize in working with Buying and Sellers in Spring Hill, Brooksville, Ridge Manor, Weeki Wachee, Hernando Beach in the Hernando County Real Estate Market. Sign up to receive emails of homes as the are listed, short sales, foreclosures and land sales.
With the constantly changing 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 real estate process, I am sharing real estate terms and their meaning.
Balloon loan - A mortgage in which monthly installments are not large enough to repay the loan by the end of the term. As a result, the final payment due is the lump sum of the remaining principal.
and
Binder - A report issued by a title insurance company that details the condition of a home's title. and provides guidelines for a title insurance policy.
A more complete list and glossary can be found on both of my sites that offer additional information on Homes for Sale in Hernando County or Spring Hill.
Chris Frantz
Exit Success Realty
13111 Spring Hill Dr
Spring Hill Fl 34609
352-686-2222.
As a licensed Realtor I specialize in working with Buying and Sellers in Spring Hill, Brooksville, Ridge Manor, Weeki Wachee, Hernando Beach in the Hernando County Real Estate Market. Sign up to receive emails of homes as the are listed, short sales, foreclosures and land sales.
Interested in buying or selling Hernando County Real Estate in the near future?
Do you understanding the sometimes confusing real estate terminology?
The process can sometimes be complex and overwhelming. To assist you in feeling more comfortable with the real estate process, I am sharing real estate terms and their meaning. This should aid you in the process of buying or selling your next home.
DECLARATION OF RESTRICTIONS - A statement of all the covenants, conditions and restrictions ("CC&R's") which affect a parcel of land. and
DISCOUNT POINTS - An added loan fee charged by a lender to make the yield on a lower-than-market interest VA or FHA loan competitive with higher interest conventional loans.
For a complete list of real estate terms or for information on Hernando County Real Estate visit.
Working with Buying or Sellers in Spring Hill, Brooksville, Ridge Manor, Weeki Wachee, Hernando Beach and Pine Island Florida. Visit my site below to search for property or sign up to receieve emails of just listed property.
Chris Frantz
Exit Success Realty
13111 Spring Hill Dr
Spring Hill Fl 34609
352-686-2222.
Interested in buying or selling Hernando County Real Estate in the near future?
Do you understanding the sometimes confusing real estate terminology?
The process can sometimes be complex and overwhelming. To assist you in feeling more comfortable with the real estate process, I am sharing real estate terms and their meaning. This should aid you in the process of buying or selling your next home.
Abstract of title - A concise, summarized history of the title to a specific parcel of real property, together with a statement of all liens and encumbrances affecting the property. The abstract of title does not guarantee or assure the validity of the title of the property. It merely discloses those items about the property, which are of public record, and thus does not reveal such things as encroachments, forgeries, and the like.
and
Escrow closing - Escrow closes when all conditions of a real estate transaction are met and the title of the property is transferred to the buyer.
For a complete list of real estate terms or for information on Hernando County Real Estate visit.
Working with Buying or Sellers in Spring Hill, Brooksville, Ridge Manor, Weeki Wachee, Hernando Beach and Pine Island Florida. Visit my site below to search for property or sign up to receieve emails of just listed property.
Chris Frantz
Exit Success Realty
13111 Spring Hill Dr
Spring Hill Fl 34609
352-686-2222.
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Buy or sell your home in Hernando County Florida. Brooksville, Hernando Beach, Spring Hill property search to find your new home. Sign up for emails just listed to find a new home. Exit Success Realty
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