Search results
There is a lot of real estate terminology used during the home buying and selling process and CENTURY 21® is here to help you understand those terms. We have created a glossary of the most commonly used real estate terms and their definitions in order to help you better understand terminology used along your home buying or selling process. A.
Data ingestion is the process of obtaining and importing data for immediate use or storage in a database . To ingest something is to "take something in or absorb something."
Offer: An offer is the initial purchase price point submitted by a buyer to a seller. The seller then has the choice to accept, reject, or make a counter to the offer. Probate Sale: A probate sale is the death of a homeowner occurs before writing a will or giving the property to someone.
6 | Commercial Real Estate Terms and Definitions Submarket Submarkets are geographic divisions of markets. These smaller divisions or boundaries are generally recognized and accepted by the real estate industry and the business community in a market and region. Submarkets are geographic boundaries that delineate core areas that are competitive
Real Estate Glossary. Acceptance: the date when both parties, seller and buyer, have agreed to and completed signing and/or initialing the contract. Adjustable Rate Mortgage: a mortgage that permits the lender to adjust the mortgage's interest rate periodically on the basis of changes in a specified index. Interest rates may move up or down, as ...
May 31, 2024 · Real estate is property comprised of land and the buildings on it, as well as the natural resources of the land, including uncultivated flora and fauna, farmed crops and livestock, water and ...
Trust. A Trust is a legal document used in estate planning that’s made up of three parties. A Grantor (the Trust creator), a Trustee (the person or entity appointed to manage the Trust), and one or more Beneficiaries. The Grantor can also be the Trustee and the Beneficiary in some types of Trusts.
