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Open listing |
A contract under which the broker is
commissioned to find a buyer before the property is sold by the seller or
another competing broker |
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Option |
The agreement to keep an offer to purchase or
lease open for a specific period of time |
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Option listing |
An agreement by which the broker advertising the
property has the right to purchase the listed property himself |
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Origination fee |
A fee paid to the lender for processing a loan
application |
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Owner financing |
A property transaction for which the seller
provides all or part of the financing to the buyer |
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Owner's Title Insurance |
A policy insuring the full purchase price of a
piece of property for the buyer, usually including adjustments for inflation
each year up to a maximum of 150% of the original policy amount, the premium
for which is payable at the time of closing |
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Did I Miss the Word YOU Are Looking For? Is there a real estate word that I failed to explain here in my dictionary for homebuyers and sellers? Let me be your personal real estate dictionary! I'll send a brief explanation of any word or term that you encounter when buying and selling property. Do you have a suggestion of a real estate word that should be included? Let me know! I always appreciate feedback. Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let me know! I'm happy to answer ANY questions. It's my job! There's no obligation, and I promise to get back to you quickly...
| Q |
Fewer than 2 percent of homeowners build this type of home:
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| A |
Fewer than 2 percent build a custom home; most buy an older home or select from a home builder's menu. |
 See More Real Estate Trivia > |
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Jody Sayler
Just Selling AZ
6499 S Kings Ranch Rd #3
Gold Canyon, AZ 85118
Office: 480-983-3606
FAX: 800-605-3858
Email: Jody@RealEstatewithJody.com
If you are considering buying or selling your home in the East Valley communities of Mesa, Apache Junction, Queen Creek, or Gold Canyon, call me for all your real estate needs. My goal is to help you sell or obtain your dream home nestled near the majestic Superstition Mountains. Call me to visit some of the most beautiful homes and views that southwest AZ has to offer - all within a 5-30 minute drive to some of the most exquisite golf courses that AZ has to offer, including Mountain Brook Golf Club, Gold Canyon Golf Resort, and Superstition Mountain Golf and Country Club 
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