Monthly Archives: August 2016

Real Estate Term of the Week

Seller’s Market: A seller’s market is one in which there are more buyers than homes for sale. Since supply is less than demand, homes will be both higher priced and more attractive to the...

Real Estate Term of the Week

Private Mortgage Insurance (PMI): A risk-management product that protects lenders against loss if a borrower defaults on a loan. Most lenders require private mortgage insurance (PMI) for loans with loan-to-value (LTV) percentages in excess...

Real Estate Term of the Week

RESNET: The Residential Energy Services Network (RESNET) is a recognized national standards-making body for building energy efficiency rating and certification systems in the United States. It is a not-for-profit, membership corporation that is governed...

Real Estate Term of the Week

Exclusive Right: Property listed as “exclusive right” is available for sale. The seller’s broker will receive a commission from the seller, regardless of who brings the buyer into the purchase. This is different from...

Buyer Etiquette for Touring Homes

You’ve lined up several homes to tour for the afternoon with your Realtor®. You’re excited to get your home search underway and weigh the pros and cons of each house. Or maybe you’re someone...