Monthly Archives: December 2019

Real Estate Term of the Week

Appraisal Contingency: A clause in a home purchase contract that protects the buyer. It’s used to ensure a property is valued at a minimum, specified amount. If the property does not appraise for at...

Real Estate Term of the Week

Rent-Back Agreement: A legal, written agreement in a real estate transaction between a seller and a buyer. It gives sellers permission to stay in possession of the home they’ve just sold for a longer...

Real Estate Term of the Week

iBuyer: An iBuyer is a company that uses technology to make an offer on your home instantly. Models vary, but the basic idea is that the company estimates the value of your home and...

Real Estate Term of the Week

Conforming Loan: A loan is considered conforming when it meets specific guidelines set by two government-sponsored institutions, Fannie Mae and Freddie Mac. Getting a conforming loan can benefit you because eligibility, pricing and features...