by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
A showing is a private viewing of a property. The buyer’s agent will reserve a time for a client to private view a...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
Usually, when a person buys a home it comes with a home warranty, or the buyer will need to purchase a warranty. The home warranty will pay for any damage to the home. For example, if you were to purchase a home and discover that the furnace needs to be replaced, the...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
When a home is sold for less than the total amount of a loan, this is called a short sale. A homeowner may utilize this type of sale as it carries a lower consequence on credit than a foreclosure and may prevent a potential lawsuit due to loan deficiency. This type of...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
A home inspection is a detailed and thorough review of a property prior to the sale of a home. A home inspection will cover the roof, construction, mechanical and heating systems, and more. Inspections are typically completed by a licensed professional who will...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
A second mortgage may be taken on a property’s equity. These types of loans require the borrower to use their property as collateral. If a home were to enter foreclosure, the initial purchase loan is the first loan in...
