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Real Estate Dictionary
Welcome > Resources > Real Estate Dictionary - A

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

O

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

Option

The agreement to keep an offer to purchase or lease open for a specific period of time

Option listing

An agreement by which the broker advertising the property has the right to purchase the listed property himself

Origination fee

A fee paid to the lender for processing a loan application

Owner financing

A property transaction for which the seller provides all or part of the financing to the buyer

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

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z



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Real Estate Tips
Time to Move >The Big Move

The final step in selling a home is often considered the worst part--the packing and moving of all your possessions. The secret to a smooth move lies in advance planning. Arrange for the movers well in advance. Get estimates from several moving companies, and ask what their quotes include, what kind of services (and care) they provide, and which aspects of the move they will not handle. For example, many companies will not be responsible for removing light fixtures or other attached items.

Insure your possessions adequately during the move. Most moving firms can arrange insurance for you. You may be able to extend your homeowner's coverage to insure the contents of your home during the move. Be sure to get the additional cost and conditions of this agreement in writing.

If you prefer to do some packing yourself, it is better to confine your packing to the unbreakable items. Most companies recommend that you let them handle all the packing for an extra charge. They will not cover items against damage or breakage that they have not packed.

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Real Estate Trivia
Q 
What building has been named the 21st Century Townhouse project?

A 
4 townhouse in Bowie, MD made of giant foam/board panels, concrete/styrofoam block frames, steel, and aerated concrete.
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Nancy Yearout, REALTOR®, real estate agent and broker for Breckenridge, Frisco and Dillon, Colorado home listings, property and land for sale - NUMBER1EXPERT

Nancy Yearout
RE/MAX Properties of the Summit

220 South Main St., P.O. Box 4600
Breckenridge, CO 80424
Cell: 970-485-0293
Office: 970-453-7000
Toll-Free: 800-289-7005
Fax: 970-453-2922
Email: nancy@realestate-breckenridge.net

I have over 20 years experience in Breckenridge and Summit County real estate. Investment property is my specialty. I take care of the details - providing you with a trouble-free and enjoyable real estate transaction.

Equal Housing MLS REALTOR


RE/MAX Properties of the Summit real estate and homes for sale in Breckenridge, Frisco and Dillon Colorado

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