- Industry: Real estate
- Number of terms: 9847
- Number of blossaries: 0
- Company Profile:
Century 21 Real Estate LLC is a real estate agent franchise company founded in 1971. The Century 21 System consists of over 7,800 independently owned and operated offices. Century 21 has offices in all 50 states and in more than 67 countries and territories.
A form of interim loan, generally made between a short term loan and a long term loan, when the borrower needs to have more time before taking on long term financing.
Industry:Real estate
When the lender and or the home builder subsidised the mortgage by lowering the interest rate during the first years of the loan. While the payments are initially low, they will increase when the subsidy expires.
Industry:Real estate
A market condition which occurs in real estate where more homes are for sale than there are interested buyers.
Industry:Real estate
An appraising term used in determining value by considering net operating income and a percentage of reasonable return on investment.
Industry:Real estate
The amount of cash derived over a certain period of time from an income-producing property. The cash flow should be large enough to pay the expenses of the income producing property (mortgage payment, insurance, maintenance, utilities, etc.)
Industry:Real estate
An outstanding claim or encumbrance which adversely affects the marketability of title.
Industry:Real estate
A contract for the sale of property where the buyer has possession and use, but the seller retains title until the conditions of the contract have been fulfilled. Also known as a land contract.
Industry:Real estate
A condominium is a home in a shared building or development. The buyer gets title the space inside the unit, shares the common areas with other unit owners and pays a maintenance fee to the condominium association to pay for needed maintenance, repairs and improvements to the property.
Industry:Real estate
A contract between purchaser and a seller of real estate to convey title after certain conditions have been met. It is a form of instalment sale.
Industry:Real estate
