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- The meaning of circa in real estate signifies an estimate, an educated guess, or a rough assessment of a home’s specific feature.
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What does circa mean in real estate? The meaning of circa in real estate signifies an estimate, an educated guess, or a rough assessment of a home’s specific feature. As we previously mentioned, circa does not describe a piece of precise and accurate information.
- 1 Post St, Fl 11, San Francisco, 94104
- Adjustable-rate mortgage (ARM) With ARM loans, interest rates can change after an initial fixed rate period as they adjust based on the interest rate index the ARM is tied to (e.g., LIBOR, COFI, etc.).
- Appraisal. An appraisal is required to gather the estimated value of a piece of real estate. During the home sale, the mortgage lender sends out an appraiser to get a professional opinion of the value of the property.
- Appraisal contingency. An appraisal contingency is a clause that allows a buyer to dissolve a purchase agreement if a home’s appraised value is less than the sale price.
- As-is. A property marketed in “as is” condition usually indicates that the seller is unwilling to perform most if not all repairs. It could also mean that it is priced “as is”, which is typically lower than market pricing in the area.
- As-is. If you see the words “as-is” in a real estate listing, proceed with some caution: This typically indicates that there are repairs or renovations that need to be done that the current owner is not going to address and is passing the burden off to the buyer.
- Built-ins. Built-ins are features like bookshelves, benches, or cabinets that are permanently built into the home itself, and are fairly common in older construction.
- Cozy. While this descriptor may bring to mind a comfy armchair and a steaming mug of cocoa, in real estate, “cozy” tends to mean “small.” The home may have minimal square footage, meaning each room may have very limited space.
- Charming. “Charming” is often another code word for a house with a small footprint, and may also indicate an older construction — which may, indeed, be charming, but might also end up needing costly repairs and renovations.
A buyer’s agent is a real estate agent who represents the home buyer in a real estate transaction. They help buyers find suitable properties, negotiate the best terms, and guide them through the complex process of purchasing a home. A buyer’s agent advocates for their client’s interests throughout the transaction.
Feb 20, 2022 · iBuyer. An iBuyer or instant buyer is new real estate terminology you probably have never heard about. The real estate definition of an iBuyer is a real estate investor who uses technology to formulate an offer on a property. There are advantages and disadvantages of engaging with an iBuyer worth reading.
Mar 28, 2023 · According to the Cambridge Dictionary, a real estate agent is someone who arranges the selling, renting, or management of homes, land, and buildings for a property owner. Beyond this basic definition, however, a real estate agent also: Obtain state licenses to practice their craft 2. Are often freelancers, working for themselves and the highest ...
Caveat emptor - 'Caveat emptor' means 'buyer beware' in latin and alerts the buyer that the risk in a property transaction lies with them. Commission - A fee or payment, usually calculated as a percentage, made to an agent for their services in selling a property. Typically it is only collected after a property sells.
