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Real Estate Dictionary

Welcome > Resources > Real Estate Dictionary - A

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

N

NATIONAL ASSOCIATION OF REALTORS® (NAR)

A real estate trade organization that sets the standards for integrity and honesty within the real estate profession nationwide

Negative amortization

A gradual increase in the balance of a loan or mortgage which occurs because the monthly payments made are too small to cover the entire principal and interest charges; this shortfall amount is added to the remaining balance, resulting in negative amortization

Net listing

The advertisement of the price of property for sale in terms of the net price the seller will receive, once the property is sold, a type of listing which is illegal in many states

Net worth

The total value of all of an individual's assets, minus all liabilities or debts

No cash-out refinance

A transaction for refinancing a mortgage in which the new mortgage amount is limited to the sum total of the remaining balance of the first mortgage, points, closing costs, whatever is required to satisfy any liens that are more than one year old and other funds for the borrower's use (as long as the amount is one percent or less of the principal amount of the new mortgage)

Notary

An individual authorized by law to certify documents and signatures

Note

A legal document that obligates a borrower to repay a loan or owed sum of money at a stated interest rate over a designated period of time

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z



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Real Estate Tips

Bargain Properties >Diamonds in the Rough

There are a lot of "diamonds in the rough" for sale. A property with incredible potential may be in a great location, have large sunny rooms and a big yard, but it may also have dated wall paper, worn carpeting, and uninspired bathrooms. If you can look beyond the surface, you may see a house that could be transformed by a little "elbow grease", paint, and new carpets.

A house that is structurally sound with all the systems in good condition may be only a few cosmetic repairs away from being fantastic! A home that does not show well is usually priced accordingly. If the price doesn't reflect the condition of the house, the seller may be more willing to negotiate than a seller who has made a considerable investment in preparing a home for the market.

Bring your imagination with you on your next house hunting trip! You may be pleasantly surprised to find a diamond in the rough.

See All Tips In The "Bargain Properties" Category >
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Real Estate Trivia

Q 
The smallest of Canada's 1000 Islands shares a name with a fairy tale hero. What is it?

A 
Tom Thumb
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Diane Broussard and Andy Hall Team, REALTOR®, real estate agent and broker for El dorado Hills, Shingle Springs, Cameron Park, Wilton and Galt, California home listings, property and land for sale - NUMBER1EXPERT

Andy Hall and Diane Broussard
RE/MAX Gold/ Premier Valley Real Estate

3375 Cameron Park Drive,Cameron Park
1768 Pleasant Valley Rd. Placerville,Cal.
Office: 530-620-7108
Fax: 916-244-0238
mobile: 209-217-7707
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Andy@AndyjHall.net
Diane@ThinkDiane.com

Welcome to our Real Estate web site. We have been developing and selling real estate for over 30 yrs. We own a horse ranch and understand the unique needs of the equestrian. We specialize in Horse,Ranch,Vineyard and Estate properties in El Dorado County, including Cameron Park,Shingle Springs and Placerville Ca.and Sacramento County including, Rancho Murietta, Sloughhouse and Wilton California, and San Joaquin County including, Clements and Lockeford ,Ca. These beautiful areas still offer a rural country lifestyle or charming towns and cities if you prefer. There are many horse and cattle ranches, golf courses, lakes and rivers to enjoy. We have also gathered information on Amador County, Ca. including, Ione, Plymouth, Jackson Valley ,and Willow Creek ,Ca. We included the South El Dorado County towns of Fairplay, Somerset and Mt. Aukum as well. Whether you ride horses or ATV’s we have the property for you. Planning on a vineyard? Check out the Shenandoah Valley , Fairplay Winery area or Clements , Lockeford or Woodbridge vineyards and wineries. We can save you time and money in locating real estate for sale throughout Sacramento,El Dorado and San Joaquin Counties. In addition, our team offers services to those looking to purchase rural type properties such as residential homes on land or bare land to develop later. Ask us---we will always strive to find the answers We are SHORT SALE SPECIALISTS Our team is very experienced in dealing with banks on short sales. Call us for advice on how to avoid a foreclosure thru a short sale. 209-337-8172 209-217-7707 Diane's DRE License#01085991 Andy's #01254531

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