EDUCATION IS THE KEY
Below you'll find common Real Estate Terminology and videos discussing topics on buying, selling, loan types, and other informative subjects.
• 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:
Whether you are a first-time or seasonal buyer/seller, I like to explain some terms associated with Real Estate
Education is a crucial aspect for both sellers and buyers, and these short videos have been created to deliver just that. They aim to provide valuable knowledge that empowers individuals to make sound decisions by equipping sellers and buyers with the necessary information to properly navigate the market with confidence. The power of knowledge cannot be understated, as it enables individuals to assess their options, understand potential risks, and ultimately make wise decisions. Through these videos, sellers and buyers can gain a comprehensive understanding of the process, allowing them to achieve their goals with a successful transaction.