Real Estate Vocabulary

Weekly Word Wizard – RealtyMyths

Welcome back to RealtyMyths Weekly Word Wizard! Here are the important real estate terms for the week. Bridge loan – Bridge loans are obtained by those who have not yet sold their previous property, but must close on a purchase property. The bridge loan becomes the source of their funds for the...Read More

Weekly Word Wizard

Welcome back to RealtyMyths weekly word wizard! Here are some terms that you should know. Capital budget An estimate of costs to cover replacements and improvements and the corresponding revenues needed to balance them, usually for a 12-month period. Different from an operating budget. Cost of equity...Read More

Weekly Word Wizard

Welcome back to RealtyMyths weekly word wizard! Here are the terms that you should know before buying your first home. Active — A property that is on the market and available for sale. It may have received offers but none have been accepted. ARM — Adjustable-Rate Mortgage. A mortgage loan with a fluc...Read More

RealtyMyths Weekly Word Wizard

Welcome back to RealtyMyths weekly word wizard. Here are some terms that you should know before buying your first home. DTI — Debt-to-Income. The total percent of a borrower’s income that is paid toward debt each month calculated as a ratio of a borrower’s gross monthly income over his debts includin...Read More

Weekly Word Wizard

Welcome back to RealtyMyths Weekly Real Estate Word Wizard! Here are some terms that you should know. Arms-length transaction — Both parties to a transaction are acting in their own self-interest. Neither party is pressured by or acts in connection with the other to assure the fair market value of th...Read More

Weekly Word Wizard – Property Listings

Welcome back to Weekly Word Wizard! This week, we will discuss about property listings. Property listings MLS (Multiple Listing Service): Distributes local and regional listing information on a website for real estate agents and brokers. Listing: The actual property being sold or a contract establish...Read More

Weekly Word Wizard – Disclosure

Welcome back to weekly word wizard ! This week, we will discuss about Disclosure. Disclosures Disclosure and Informed Consent: Establishes the relationship between client and agent in writing, and discloses the agent’s ties to a broker or agency. Property Condition Disclosure Form: The seller produce...Read More

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