Monthly Archives: November 2017

Real Estate Term of the Week

Homestead Exemption (Ohio): The homestead exemption allows low-income senior citizens and permanently and totally disabled Ohioans to reduce their property tax bills by shielding some of the market value of their homes from taxation....

Real Estate Term of the Week

Fixer-Upper: A real-estate term for a home that needs maintenance work (redecoration, redesign, or reconstruction) and is typically offered at a low purchase price, but can usually be lived in as-is. Fixer-uppers offer buyers...

Real Estate Term of the Week

Expired Listing: When a seller contracts with an agent and broker to sell her home, the listing agreement contains a set expiration date. A listing expires when this expiration date has passed without the...