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Yes, with all the doom and gloom headlines, it's hard to believe. But in fact, it's the best time to buy a house in the last 14 -15 years....
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$50,000, $60,000 over asking? Sell in 14 days? No, that's not a pipe dream in this market. If, that is, you pick the right agent!…
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"Barbara's honesty and sincerity was reassuring."
"What could have been a very daunting process turned out to be effortless and very profitable..."
- Katherine and Daytra Hansel
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Barbara Reynolds is one of The
Top Selling Real Estate Experts™
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National Association of Realtors
(NAR) |
A real estate trade organization that sets the
standards for integrity and honesty within the real estate profession
nationwide |
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Negative amortization |
A gradual increase in the balance of a loan or
mortgage which occurs because the monthly payments made are too small to cover
the entire principal and interest charges; this shortfall amount is added to
the remaining balance, resulting in negative amortization |
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Net listing |
The advertisement of the price of property for
sale in terms of the net price the seller will receive, once the property is
sold, a type of listing which is illegal in many states |
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Net worth |
The total value of all of an individual's
assets, minus all liabilities or debts |
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No cash-out refinance |
A transaction for refinancing a mortgage in
which the new mortgage amount is limited to the sum total of the remaining
balance of the first mortgage, points, closing costs, whatever is required to
satisfy any liens that are more than one year old and other funds for the
borrower's use (as long as the amount is one percent or less of the principal
amount of the new mortgage) |
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Notary |
An individual authorized by law to certify
documents and signatures |
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Note |
A legal document that obligates a borrower to
repay a loan or owed sum of money at a stated interest rate over a designated
period of time |
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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. Fill out the form below for a quick response from me by email. It's free, without obligation, and I guarantee your privacy.
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"We touched bottom. Get out your shorts. The real estate market that went into hibernation 2 1/2 years ago just opened its eyes..."
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I made my first move to the East Bay about 9
years ago straight from a great neighborhood in San Francisco. My friends
thought I was crazy to leave San Francisco. But there was something alluring
about the grass and trees and flowers of the East Bay.
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NUMBER1EXPERT™ 
