Real estate bubble: General Real Estate Terms | Real Estate Terms & Definitions
Key Real Estate Terms for Successful Transactions Knowledge is Power Explore the Entire Real Estate Glossary Real Estate Glossary Terms for General Real Estate Terms: Real estate bubble A phenomenon in which real estate prices rise rapidly and then crash, often due to speculative buying and lax lending practices. *As with all financial transactions you […]
Homeowners insurance: General Real Estate Terms | Real Estate Terms & Definitions
Key Real Estate Terms for Successful Transactions Knowledge is Power Explore the Entire Real Estate Glossary Real Estate Glossary Terms for General Real Estate Terms: Homeowners insurance A policy that provides financial protection against damage to a property, personal belongings, and liability for injuries to others on the property. *As with all financial transactions you […]
Capital improvement: General Real Estate Terms | Real Estate Terms & Definitions
Key Real Estate Terms for Successful Transactions Knowledge is Power Explore the Entire Real Estate Glossary Real Estate Glossary Terms for General Real Estate Terms: Capital improvement A significant addition or alteration to a property, intended to enhance its value, extend its useful life, or adapt it for new uses. *As with all financial transactions […]
Time is of the essence clause: General Real Estate Terms | Real Estate Terms & Definitions
Key Real Estate Terms for Successful Transactions Knowledge is Power Explore the Entire Real Estate Glossary Real Estate Glossary Terms for General Real Estate Terms: Time is of the essence clause A contract provision that requires all parties to perform their obligations within a specified time frame, with failure to do so resulting in a […]
Lease-purchase agreement: General Real Estate Terms | Real Estate Terms & Definitions
Key Real Estate Terms for Successful Transactions Knowledge is Power Explore the Entire Real Estate Glossary Real Estate Glossary Terms for General Real Estate Terms: Lease-purchase agreement A rental contract that includes an option for the tenant to buy the property at a predetermined price, usually within a specified time frame. *As with all financial […]
Dual agency: General Real Estate Terms | Real Estate Terms & Definitions
Key Real Estate Terms for Successful Transactions Knowledge is Power Explore the Entire Real Estate Glossary Real Estate Glossary Terms for General Real Estate Terms: Dual agency A situation in which a real estate agent represents both the buyer and seller in a transaction, which may create a conflict of interest. *As with all financial […]
Homeowners’ association (HOA): General Real Estate Terms | Real Estate Terms & Definitions
Key Real Estate Terms for Successful Transactions Knowledge is Power Explore the Entire Real Estate Glossary Real Estate Glossary Terms for General Real Estate Terms: Homeowners’ association (HOA) An organization responsible for managing and maintaining common areas within a residential community, often funded by regular fees paid by homeowners. *As with all financial transactions you […]
Estoppel certificate: General Real Estate Terms | Real Estate Terms & Definitions
Key Real Estate Terms for Successful Transactions Knowledge is Power Explore the Entire Real Estate Glossary Real Estate Glossary Terms for General Real Estate Terms: Estoppel certificate A legal document signed by a tenant, confirming the terms of their lease agreement and the absence of any defaults or disputes with the landlord. *As with all […]
Kick-out clause: General Real Estate Terms | Real Estate Terms & Definitions
Key Real Estate Terms for Successful Transactions Knowledge is Power Explore the Entire Real Estate Glossary Real Estate Glossary Terms for General Real Estate Terms: Kick-out clause A contract provision that allows a seller to continue marketing their property and accept other offers, with the option to terminate the existing contract if the buyer does […]
Right of first refusal: General Real Estate Terms | Real Estate Terms & Definitions
Key Real Estate Terms for Successful Transactions Knowledge is Power Explore the Entire Real Estate Glossary Real Estate Glossary Terms for General Real Estate Terms: Right of first refusal A contractual provision that grants a party, such as a tenant or neighboring property owner, the first opportunity to purchase a property before it is offered […]