- Industry: Real estate
- Number of terms: 2794
- Number of blossaries: 0
- Company Profile:
Coldwell Banker is a large real estate franchise founded in 1906 in San Francisco. Coldwell Banker has an international presence, with offices on six continents, 46 countries and territories. There are more than 600 Coldwell Banker offices outside of the United States.
A deficiency that strongly impacts the usability and habitability of a house. Or a deficiency that may be very expensive to repair.
Industry:Real estate
A clause in a contract; an agreement contained in a deed for the performance or non-performance of certain acts.
Industry:Real estate
A right given to a person to buy, sell or lease property within a stated period and under certain specified terms. A contract to keep an offer open.
Industry:Real estate
Literally translated: ''Let the buyer beware.'' A common business tenet whereby the buyer is responsible for verifying any and all claims by the seller of property.
Industry:Real estate
Once known as ''mobile homes,'' manufactured housing is any building which has been constructed off site, then moved onto a piece of real property.
Industry:Real estate
A loan of money for the purchase of property, real or personal. Credit is either secured by an asset, such as a home, or unsecured.
Industry:Real estate
The lender's approval of a VA loan, which is usually good for up to six months.
Industry:Real estate
The number of percentage points the lender adds to the index to calculate the ARM interest rate at each adjustment. For example, an index rate of 8% plus a margin of 2.5% could result in a home loan rate of 10.5%. The fixed margin over the index covers the lender's operating expenses and profit margin.
Industry:Real estate
A record of debt payments, past and present. Used by mortgage lenders in determining credit worthiness of individuals.
Industry:Real estate
