What are 5 real estate terms?

What are 5 real estate terms?

General real estate terms

  • As-is.
  • Buyer’s agent/listing agent.
  • Closing.
  • Closing costs.
  • Days on market (DOM)
  • Due diligence.
  • Escrow holder.
  • Homeowner’s association (HOA)

What does PDF mean in real estate?

DEPOSIT RECEIPT — A term used by the real estate industry to describe the written offer to purchase real property upon stated term and conditions, accompanied by a deposit toward the purchase price, which becomes the contract for the sale of the property upon acceptance by the owner.

Is there a real estate dictionary?

Real Estate Dictionary by Farlex gives you free, instant access to thousands of real estate definitions and hundreds of images, all from industry-leading publishers, including McGraw-Hill.

What are terms deals in real estate?

In a terms deal, Chris’s company acts as a middleman between a seller and a pre-qualified rent-to-own buyer by using the following process: First, he creates a terms contract with the seller, stating the conditions and time period for the cash out — a lease purchase contract.

What is ETA in real estate?

Form ETA, Extension of Time Addendum, Single – Realty Supply Center.

What is Br and Ba in real estate?

Ba – bathroom. Br – bedroom. CAC – central air conditioning. Ch – central heat.

What does swing mean in real estate?

Definition of “Swing loan” “Same as term bridge loan: Short-term loan that is made in anticipation of permanent longer term loans. The interest rate on such a loan is usually higher than on longer term loans.

What is ORT in real estate?

What is ORT. Ort platform lets investors buy fractional interest rather than entire portfolios or assets Through tokenization helps reduce fees, speed up processes. connects individual and corporate investors with property owners who are looking to liquidate portions of their ownership.

What is LPD in real estate?

LPD Land means land described as such in Schedule A, and all appurtenances to it and rights and benefits in respect of it.

What’s another word for real estate?

What is another word for real estate?

property land
realty landholdings
lot plot
territory plat
estate freehold

What does listing terms cash mean?

When you see the phrase “cash-only” listed with a home for sale, this means the home is not in the condition to be financed under a conventional mortgage. In “Cash-Only” situations, it’s most important to do a title search and to make sure the owner does, in fact, hold the deed to the property.

What does FB stand for in real estate?

Full bath
FB. Full bath (toilet, sink, shower, and tub)