Real Estate Terms

Nov. 6, 2017

Real Estate Appraisals - What You Should Know

Out of all the steps buyers and sellers must take in order to transfer ownership real estate property, the appraisal is arguably the most important one.

Most real estate transactions cannot be officially completed until an appraisal is performed by a licensed appraiser. Further, a majority of real estate transactions ...

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Nov. 2, 2017

Real Estate Contingencies - What You Should Know

Throughout both the buying and selling processes in real estate you will come across several types of contingencies. 

In this post you will learn about all the different types of real estate contingencies and how they can effect a transaction.

Contingency Definition

According to the Merriam Webster Dictionary, a ...

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Posted in Real Estate Terms
Oct. 26, 2017

EMD - Earnest Money Deposit

Although not required, an earnest money deposit is the best way to show a seller how serious you are about buying their home.

You should know, earnest money deposit (EMD) is also referred to as a good faith deposit because they are made in good faith that you will follow ...

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Posted in Real Estate Terms
Oct. 24, 2017

Escrow Accounts

Escrow accounts. They truly are one of the most confusing aspects of any real estate transaction. 

DO NOT WORRY!

We are here to clear up any confusion you may have. 

First, you should know that escrow accounts are created as a way to help protect both the buyer ...

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Posted in Real Estate Terms
Oct. 24, 2017

What Is The MLS?

Multiple Listing Service

The Multiple Listing Service, more commonly known throughout the real estate community as the MLS, is an amazing resource that real estate agents have access to.  It was created as an easier way for Real Estate Agents to have direct access to all homes currently listed ...

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Posted in Real Estate Terms