Monthly Archives: June 2017

Real Estate Term of the Week:

Pocket Listing: A new listing that a broker posts to his company site or markets to the company’s own clients before listing the home in the Multiple Listing Service (MLS). Brokers must agree to...

Is Your Listing Pet Friendly?

One of the great benefits of owning a home is having the perfect space not only for you, but for your furry friend. The National Association of Realtors® estimates that 61% of households own...

Real Estate Term of the Week

Construction Loan: A loan borrowed to finance the construction of a home. Typically only interest is paid during the construction period. The money is advanced incrementally during construction, as construction progresses. When the home...

Real Estate Term of the Week

Safe Withdrawal Rate: A safe withdrawal rate is used for retirement planning and estimates the amount you can spend each year without ever worrying about running out of money. Depending on the risk level...

Real Estate Term of the Week

Bumpable: When a home is listed as “bumpable,” the seller has already received an offer from a buyer. However, the buyer may need to meet certain conditions before the purchase can be completed. Commonly,...

Real Estate Term of the Week

Credit Utilization: The percentage of a consumer’s available credit that he or she has used. The credit utilization ratio is a key component of your credit score. It’s a formula that divides your outstanding...