Real Estate Words

Weekly Word Wizard – RealtyMyths

Welcome back to RealtyMyths Weekly Word Wizard! Here are some important real estate terms for the week. Assumption of Mortgage – Buyer takes title to the property by assuming liability for payment of an existing note secured by a mortgage. Building Restrictions – Limitations on the use of...Read More

Weekly Word Wizard – RealtyMyths

Welcome back to RealtyMyths Weekly Word Wizard! Here are the real estate terms for the week. Amenity: An amenity is a feature of a property that makes it more valuable to potential buyers or tenants. The term can refer to features of a single-family home that homeowners include in a real estate listi...Read More

Weekly Word Wizard – RealtyMyths

Welcome back to RealtyMyths Weekly Word Wizard! Here are the terms for the week. Arbitrage: The simultaneous purchase and sale of a security with the purpose of obtaining a higher yield from the differential between its acquisition and selling price. Avulsion: A sudden tearing away of land by the act...Read More

Weekly Word Wizard- RealtyMyths

Welcome back to RealtyMyths weekly word wizard! Here are some real estate terms that you should know. Condotel: A condotel is a condominium project that is operated as a hotel with a registration desk, cleaning service and more. The units are individually owned. Contingency Clause: A contingency clau...Read More

Weekly Word Wizard – RealtyMyths

Welcome back to RealtyMyths weekly word wizard! Here are the words for this week. Contingency – A condition that must be met before a contract is legally binding. Delinquency – A loan in which a payment is overdue but not yet in default. Due-On-Sale Provision – A provision in a mort...Read More

Weekly Word Wizard – RealtyMyths

Welcome back to RealtyMyths weekly word wizard. Here are some real estate terms that you should know. Canvassing:The practice of making telephone calls or visiting from door to door to seek prospective buyers or sellers; in the real estate business, generally associated with acquired listings in a gi...Read More

Real Estate Word Wizard

Welcome back to RealtyMyths weekly word wizard. Here are some real estate terms that you should know. Collateral – In a home loan, the property is the collateral. The borrower risks losing the property if the loan is not repaid according to the terms of the mortgage or deed of trust. Condominiu...Read More

Real Estate Word Wizard

Welcome back to RealtyMyths weekly word wizard! Here are some real estate terms that you must know. Bequest: A provision in a will providing for the distribution of personal property. Bilateral contract: A contract in which each party promises to perform an act in exchange for the other party’s promi...Read More

Weekly Word Wizard

Welcome back to RealtyMyths word wizard! Let’s talk about some real estate terms that confuse you. Sublease – Lease or rent all or part of to another person. Easement– The privilege of using something that is not your own. Lease – A contract granting use or occupation of the p...Read More

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