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Open listing |
A contract under which the broker is
commissioned to find a buyer before the property is sold by the seller or
another competing broker |
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Option |
The agreement to keep an offer to purchase or
lease open for a specific period of time |
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Option listing |
An agreement by which the broker advertising the
property has the right to purchase the listed property himself |
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Origination fee |
A fee paid to the lender for processing a loan
application |
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Owner financing |
A property transaction for which the seller
provides all or part of the financing to the buyer |
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Owner's Title Insurance |
A policy insuring the full purchase price of a
piece of property for the buyer, usually including adjustments for inflation
each year up to a maximum of 150% of the original policy amount, the premium
for which is payable at the time of closing |
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Did I Miss the Word YOU Are Looking For?
Is there a real estate word that I failed to explain here in my dictionary for homebuyers and sellers? Let me be your personal real estate dictionary! I'll send a brief explanation of any word or term that you encounter when buying and selling property.
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| Q |
What was the longest distance a building has ever been moved?
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| A |
Detroit's five-story Gem Theater, built in 1927, was moved 1,850 feet (5 blocks) to make way for two new sports stadiums. |
 See More Real Estate Trivia > |
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Kathleen Kellett
Better Homes and Gardens Real Estate III
17 Parkway Lane
Fishersville, VA 22939
Phone: 540-241-0065
Fax: 540-886-5248
kathleenkellett@gmail.com
I am a professional real estate agent who genuinely cares about the people I represent. I offer services on this website without obligation or expectation of compensation. I offer this because I want to become your Realtor for life. As your trusted, caring, professional, I will help you find the best home for you and your family in your desired Augusta County or Shenandoah Valley Virginia area within your price range. If you have a home to sell, I will work to sell it as quickly as possible for as much as the market will bare.  
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