Monthly Archives: August 2019

Real Estate Term of the Week

Swift Code: A standard format of Bank Identifier Codes (BIC) and a unique identification code for a particular bank. These codes are used when transferring money between banks, particularly for international wire transfers. Banks...

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

Material Fact: A fact that, if known, might have caused a buyer or seller of real estate to make a different decision with regards to remaining in a contract, or to the price paid...

Real Estate Term of the Week

Infrastructure: The basic facilities and installations that help a government or community run, including roads, schools, phone lines, sewage treatment plants, and power generation

Real Estate Term of the Week

Third-Party Review Required: Verbiage included in a home listing to indicate that the lender has not yet approved the home for short sale. The seller must submit the buyer’s offer to the lender for...