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Balloon Mortgage: A short-term mortgage, generally at a fixed rate of interest, to be paid back in predetermined, equal monthly payments with a large final payment for the balance of the loan to be paid at the end of the term.
Broker: A person licensed to represent home buyers or sellers for a contracted fee. Brokers manage real ...
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Knowledge is power! A Glossary of Real Estate Terms will help you to untangle the complicated web of current real estate language.
I'll add weekly to my real estate glossary starting with "A" and ending with "Z" . Feel free to contact me with any questions regarding the local real ...
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Negotiations for the sale of a home can be affected by emotional factors. For example, it is easy to be offended by someone who is making an offer on your property. Even if the buyers love your house, they are trying to negotiate the best possible price and terms. They probably will not let you know how much they want your home until they have ...
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There are so many things that must be done before the big moving day! Here is a helpful list to assist with the process!Transfer or cancel deliveries of newspaper, garbage collection, etc...Coordinate the transfer of your gas and electric services to the new homeowners. One of the benefits of purchasing a home through Liz Moore ...
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Trying to sell a home in this "buyers" market is hard! Trying to sell your overpriced home is virtually impossible! What is the impact of overpricing your home with the current market conditions?You are helping your competition sell their home. It reduces the activity of showings.The advertising response will be ...
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Let's face it, no one likes surprises when it comes to showing their Home! Unfortunately, in this current market it is imperative to be ready at a moment's notice. What can you do to get "ready in a jiff"? Before you get started...if you have some vanilla, warm it on the stove to give your home a welcoming ...
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In most real estate transactions there are a few responsibilities that the sellers need to handle before the closing, such as repairs and termite extermination. The deadline for completing these obligations usually coincides with the actual closing. Many sellers procrastinate and have to rush to get the required items repaired. ...
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The costs of buying a home in Williamsburg may be daunting. For example, you may have finally saved enough for a down payment on your first home, with a little left over to buy the furniture you will need. Then you hear about having to pay closing costs you weren't anticipating, and this may seem like a real setback.
One way to cover such a ...
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You've done everything that your agent recommended to make your home look wonderful and you have cut your asking price to the bone. Even so, an offer comes in which is so low that you are offended! Is it possible to reconcile your differences and reach a meeting of the minds when presented with such an offer?
It may not take many concessions ...
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Real estate transactions can be tricky. The widespread myth that selling real estate is easy has lured many Williamsburg home sellers into making expensive mistakes by trying (and failing) to sell their own home.
Many people assume that all you need is a sales contract, a classified ad and a "For Sale" sign. But even the most basic step ...
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