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A contract under which the broker is
commissioned to find a buyer before the property is sold by the seller or
another competing broker
Option
The agreement to keep an offer to purchase or
lease open for a specific period of time
Option listing
An agreement by which the broker advertising the
property has the right to purchase the listed property himself
Origination fee
A fee paid to the lender for processing a loan
application
Owner financing
A property transaction for which the seller
provides all or part of the financing to the buyer
Owner's Title Insurance
A policy insuring the full purchase price of a
piece of property for the buyer, usually including adjustments for inflation
each year up to a maximum of 150% of the original policy amount, the premium
for which is payable at the time of closing
Is there a real estate word that I failed to explain here in my dictionary for homebuyers and sellers? Let me be your personal real estate dictionary! I'll send a brief explanation of any word or term that you encounter when buying and selling property.
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Nancy Braam RE/MAX Whatcom County 913 Lakeway Drive Bellingham, WA. 98229 800-723-1313 x 3026 360-303-7785 360-647-1313 Fax: 360-671-8022 Email: info@nancybraam.com
Nancy has been a full time Realtor for 20 years. During that time she has been awarded top salesperson awards for her office, for Whatcom County and the RE/MAX top ten in the Northwest Region.
Her background is in all phases of residential real estate, from land development to new construction and re-sale homes.
A fifth generation Bellingham resident, Nancy has personally moved over 30 times. She understands the problems and satisfaction related to property ownership and transfer as both a buyer and a seller.
Nancy is known for her creativity in marketing and her tenacity in complicated real estate transactions. In order to constantly upgrade the level of service she provides to her clients, Nancy is committed to actively increasing her knowledge and skills in all areas of real estate sales and marketing.
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Nancy Braam NUMBER1EXPERT in real estate forBellingham, Ferndale and Sudden Valley, Washington, new construction, luxury homes