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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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

Real Estate Tips About Appraisals >The Language of Real Estate Agents Technical terms can be confusing to people who do not work in a profession, and real estate agents use language that may be confusing to many home buyers and sellers. If you find your eyes glazing over when your real estate agent starts talking about escrow, clear title, easements, encroachments, contingencies, financing, appraisals and the closing process, don't hesitate to ask for a translation. Buying or selling a home is a major step, and professional real estate agents are totally committed to helping you understand the process thoroughly so that you can make informed decisions. The simple transaction of trading the sellers' house for the buyers' money has become complicated by several hundred years of custom, common law, and state and local government requirements. Consumer demands have resulted in up-to-date rules that communication be as clear and understandable as possible. Real estate agents work to create an atmosphere in which you feel comfortable to ask questions. See All Tips In The "About Appraisals" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories > Real Estate Trivia Q  What three things are necessary in order to purchase a home? A  Some cash, a dependable income and good credit. If you fall short, don't despair--homeownership may still be possible. See More Real Estate Trivia >

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Jonathan Creath Capital City Sotheby's International Realty 13420 Galleria Circle, Suite A-105 Austin, TX 78738 Office: 512-610-3206 Mobile: 512-406-1086 Fax: 512-261-0009 jonathan.creath@sothebysrealty.com With 38 blessed years of serving our client's needs, we look forward to extending that experience to you. Real Estate is a business of partnership in which our number one focus is partnering with our clients to exceed their desires and expectations. Call or email us today to discuss your needs. www.creathpartners.com is brought to you by Jonathan Creath, real estate for Central Austin, Lakeway and Westlake, Texas Read Jonathan Creath's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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