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Real Estate Agent Terms


  > Affidavit
An affidavit is a written declaration under oath.
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  > Void
A void is something that has no force and is not enforceable
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  > Balloon payment
A ballon payment is a final payment which is usually higher than the preceeding ones.
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   Real Estate Terms and Definitions

 

Cash value
Cash value refers to the amount of money a piece of property will bring shortly after brought to the open market.

Locus
Locus means a particular parcel of land.

Common expense
In a condominium, common expenses are the expenses of operation, set by the bylaws.

Rancho
Grants of land to individuals dating back to the Spanish-Mexican governments.

Quiet title
A quiet title is a court order to establish title and remove a cloud on the title.

Alienation
Alienation is the voluntary transfer of realty.

Covenant
A covenant is a written agreement that probibits certain use of property.

Void
A void is something that has no force and is not enforceable

Beneficiary
A beneficiary is someone that inherited property through the will of someone else.

Abstract
An abstract contains the history of ownership of a certain property.

Contact our Delaware Real Estate Agents


If you live in the following cities and need a mortgage broker you should contact our Delaware Real Estate Agents as soon as possible:

  • Bear
  • Camden Wyoming
  • Claymont
  • Clayton
  • Dover
  • Dover Afb
  • Felton
  • Georgetown
  • Greenwood
  • Harrington
  • Hockessin
  • Laurel
  • Lewes
  • Magnolia
  • Middletown
  • Milford
  • Millsboro
  • Milton
  • New Castle
  • Newark
  • Rehoboth Beach
  • Seaford
  • Selbyville
  • Smyrna
  • Townsend
  • Wilmington
       
 
Did You Know?    
 
 
Knowing your neighborhood is important
As a real estate agent, it is self-explanatory that there must be a solid knowledge of property value and market trends. A

 
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Latest News
  Latest real estate agent news in Delaware and nationwide:

Jul 10, 2006 - Forecast Calls for Real Estate Slowdown in California
In its second quarterly report of 2006, the UCLA Anderson Forecast anticipates a slowdown in real estate across the United...
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May 25, 2006 - Commercial Real Estate Lending Risk Management Article
The federal bank and thrift regulatory agencies on Tuesday issued for comment proposed guidance on sound risk management p...
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Jun 20, 2006 - 2006 California Housing Market Continued To Increase
California home prices continued to increase at a robust pace of 21.1 percent in fourth quarter 2005, up from the third qu...
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Legal Disclaimers
The information provided on Real Estate Agents Delaware.com is not intended to be real estate advice, but merely conveys general information related to real estate issues commonly encountered.

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