Monthly Archives: April 2019

Real Estate Term of the Week

Hardscape: Man-made features in landscape architecture, such as a brick patio, a stone wall, or a wood arbor. Common examples of hardscape materials include concrete, brick, stone, wood, and metal

Real Estate Term of the Week

Market Price: In real estate, a home’s market price is the price agreed upon by a willing buyer and a willing seller. That price might not be the original listing price, or even represent...

Real Estate Term of the Week

Home Equity: The market value of a homeowner’s unencumbered interest in their real property, that is, the difference between the home’s fair market value and the outstanding balance of all liens on the property....

Real Estate Term of the Week

Addendum: An addendum is a document included in a homebuyer’s Purchase Contract that contains additional information or requests for items not included in the Purchase Contract. Language included in an addendum can override terms...