Below you'll find common Real Estate Terminology and videos discussing topics on buying, selling, loan types, and other informative subjects.
Education Is The Key
• Pre Approval Letter : This letter will give your "Buying Power", the max approved amount
• Due Diligence : Up front-At risk money, offered to the seller as a condition to accept your loan
• Earnest Money : Monies held by the attorney until Due Diligence period ends
• Down Payment : Monies required by your lender as a condition to load or based on loan type
• Closing Costs : Monies required to bring at signing
• Buyer/Seller Agency : An agreement signed between the buyer/seller and the agent
• MLS Status : ACTIVE, PENDING, CONTINGENT
• Appraisal Gap : Difference between the accepted price and the appraisal value
COMMON REAL ESTATE TERMS
My Videos
Education is crucial for sellers and buyers. These short videos aim to provide valuable knowledge that helps individuals make informed decisions and navigate the market confidently. Knowledge enables assessing options, understanding risks, and making wise choices for successful transactions.