Share this content on FacebookShare this content on TwitterShare this article on https://zanderyjyz864.bcz.com/2022/04/27/the-most-influential-people-in-the-multiple-offer-realtors-industry/ LinkedinShare this content on RedditShare this article on PinterestExpert Author Tag Nash
Every business has it's jargon and residential real estate is no exception. Tag Nash author of 1001 Guidelines for Buying and Selling a Home shares typically used terms with home purchasers http://www.thefreedictionary.com/real estate and sellers.
1031 exchange or Starker exchange: The delayed exchange of properties that qualifies for tax purposes as a tax-deferred exchange.
1099: The declaration of income reported to the IRS for an unbiased contractor.
A/I: A contract that's pending with attorney https://en.wikipedia.org/wiki/?search=real estate and inspection contingencies.
Accompanied showings: Those showings where the listing agent need to accompany an agent and his or her clients when viewing a https://www.washingtonpost.com/newssearch/?query=real estate listing.
Addendum: An addition to; a document.
Adjustable price mortgage (ARM): A kind of mortgage loan whose interest is linked with an financial index, which fluctuates with the market. Typical ARM periods are one, three, five, and seven years.
Agent: The licensed real estate salesperson or broker who represents purchasers or sellers.
Apr (APR): The total costs (interest rate, closing costs, fees, and so forth) that are part of a borrower's loan, expressed as a share price of interest. The full total costs are amortized over the word of the loan.
Application fees: Costs that mortgage companies charge buyers at the time of written
