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Real Estate Term of the Week

Jumbo Mortgage: A mortgage loan on a home where the loan value exceeds the standard limits for conventional loans set by Fannie Mae and Freddie Mac, the government-sponsored enterprises that buy loans from banks....

What You Need to Know About Jumbo Loans

The steady rise in home prices has created a greater demand for jumbo loans. As of mid-2017, the average cost of a single-family home in the U.S. reached $371,200 (according to ycharts.com). That’s heading...

Real Estate Term of the Week

Appraisal: An estimation of a home’s market value by a licensed appraiser based on comparable recent sales of homes in the neighborhood. Appraisals are ordered on behalf of a home buyer’s lender to protect...

Real Estate Term of the Week

Creosote: A dark brown or black flammable tar deposited from wood smoke on the walls of a chimney. Homeowners using wood burning fireplaces should have chimneys cleaned regularly to prevent house fires

Real Estate Term of the Week

Inspection Contingency: Is an optional clause stated in a home purchase contract that gives the buyers the right to get the home inspected and negotiate further if there are repair issues. The inspection usually...

Real Estate Term of the Week

Coming Soon: These homes are not officially listed on MLS to Realtors® and buyers, but have “For Sale” signage in the front yard with Realtor® representation. The Greater Cincinnati MLS is undergoing changes that...

Four Questions Buyers Will Ask About Your Home

Whether at an open house or through Realtors®, most buyers will have questions that run the gamut. A professional, experienced real estate agent has already anticipated these questions and will review pertinent information with...