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real estate vocabularies

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Jackulin Belinda
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Default
Let's open the #dictionary of Real Estate terms 👇👇 Word of the day is 'Default': “If a homeowner defaults on their loan, it means they have not paid the sum they agreed to. Typically, a mortgage default means the homeowner hasn’t made a home loan payment in 90 days or more.” #Homelifegalaxy #homelife #property #realestateterms #appraisal #meaning #words #broker #realestate #agent #TORONTOREALESTATE #Listed #Sold #OntarioRealEstate #Realtor #TREB #CLOSER #Mindset #assignment Source: https
Let's open the #dictionary of Real Estate terms 👇👇 Word of the day is 'Condominium Fees': "These monthly fees vary from complex to complex. The fees are applied to everything from grounds keeping and caret cleaning to security personnel and health club maintenance. Depending on the type of structure, these fees will usually be a few hundred dollars." #Homelifegalaxy #homelife #property #realestateterms #appraisal #meaning #words #broker #realestate #agent #TORONTOREALESTATE #Listed #Sold Health Club, Real Estate, How To Apply, Health
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Condominium Fees
Let's open the #dictionary of Real Estate terms 👇👇 Word of the day is 'Condominium Fees': "These monthly fees vary from complex to complex. The fees are applied to everything from grounds keeping and caret cleaning to security personnel and health club maintenance. Depending on the type of structure, these fees will usually be a few hundred dollars." #Homelifegalaxy #homelife #property #realestateterms #appraisal #meaning #words #broker #realestate #agent #TORONTOREALESTATE #Listed #Sold
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Closing Day
Closing Costs
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In Addition
Closing cost
Let's open the #dictionary of Real Estate terms 👇👇 Word of the day is 'Closing Cost': “Costs in addition to the purchase price of the home, such as legal fees, transfer fees and disbursements, that are payable on the closing day. They range from l.5% to 4% of a home’s selling price” #Homelifegalaxy #homelife #property #realestateterms #appraisal #meaning #words #broker #realestate #agent #TORONTOREALESTATE #Listed #Sold #OntarioRealEstate #Realtor #TREB #CLOSER #Mindset #RealEstateBroker #
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Let's open the #dictionary of Real Estate terms 👇👇 Word of the day is Inspection: "An inspection happens when buyers pay a licensed professional inspector to visit the home and prepare a report on its condition and any needed repairs. The inspection often happens as part of the due diligence period, so buyers can fully assess if they want to buy a particular home as is, or ask the seller to either complete or pay for certain repairs." #Homelifegalaxy #homelife #property #realestateterms #ap
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Word of the day is 'Lender': “In real estate, the lender refers to the individual, financial institution, or private group lending money to a buyer to purchase property with the expectation the loan will be repaid with interest, in agreed upon increments, by a certain date.” #Homelifegalaxy #homelife #property #realestateterms #appraisal #meaning #words #broker #realestate #agent #TORONTOREALESTATE #Listed #Sold #OntarioRealEstate #Realtor #TREB #CLOSER #Mindset #RealEstateBroker #lender
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Let's open the #dictionary of Real Estate terms 👇👇 Word of the day is 'Down Payment': "The portion of the home price that is not financed by the mortgage loan. The buyer must pay the down payment from his/her own funds or other eligible sources before securing a mortgage. It generally ranges from 5% to 25% of the purchase price but can be more." #Homelifegalaxy #homelife #property #realestateterms #appraisal #meaning #words #broker #realestate #agent #TORONTOREALESTATE #Listed #Sold #Ontar
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Mortgage Broker
Let's open the #dictionary of Real Estate terms 👇👇 Word of the day is 'Mortgage Broker': “A licensed professional who works on behalf of the buyer to secure financing through a bank or other lending institution.” #Homelifegalaxy #homelife #property #realestateterms #appraisal #meaning #words #broker #realestate #agent #TORONTOREALESTATE #Listed #Sold #OntarioRealEstate #Realtor #TREB #CLOSER #Mindset #RealEstateBroker #word #terms #mortgagebroker Source: https://www.zillow.com/resource
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