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

P

Partial payment	A payment that is less than the agreed upon monthly payment on a loan
Partition	The forced dividing of real estate among parties who were previously its co-owners
Patent	A first in a series of documents by which the federal or state government transfers ownership of public lands to an individual
Pay-off amount	The total balance on an existing loan or mortgage
Percolation test	A testing of the soil on a property to evaluate if its absorption and drainage capacity will allow installation of a septic system
Personal property	Property that does not qualify as real property
PITI	Acronym for principal, interest, taxes and insurance, the four components of a monthly mortgage payment, which are taken into account when a lender is evaluating a borrower's financial qualifications for a loan
Plat, or Plot	A map showing a piece of land subdivided into lots, streets and common area, if applicable
P.M.I, or Private Mortgage Insurance	Acronym for Private Mortgage Insurance, see below
Point	A one-time fee charged by the lender for originating a loan, one point being equal to one percent of the amount of the mortgage
Power of attorney	A written legal document authorizing a person to act as agent for another, to the extent outlined in the document
Power of Sale	A provision in a will, mortgage or trust agreement authorizing the sale or transfer of land in accordance with the terms of the provision
Pre-Approval	A commitment from a lender to loan a certain amount of money to a buyer at a designated interest rate and for a specified period of time, which gives the buyer an advantage in competing to purchase real estate or a home
Preforeclosure sale	The sale of a property by a mortgagor for less than the amount owed to the lender of the mortgage for the property, thereby allowing the mortgagor to avoid foreclosure, and done with the approval of the lender
Prepayment penalty	A fee that is charged by the lender to a borrower who pays off a loan earlier than the due date, thereby costing the lender interest and other income from charges
Pre-qualification	The process by which the amount of loan a prospective buyer will be eligible to borrow is determined, based on his or her income and expenses, which can be used to demonstrate the buyer's financial capability to the seller
Prime rate	The most favorable interest rate that banks charge, usually to their preferred customers
Principal	The amount borrowed, not including interest or other charges
Principal balance	The portion of the original amount borrowed that is due on a loan or mortgage at any point in time
Private mortgage insurance, or P.M.I.	A policy that insures that the lender will recover a specific percentage of the loan amount from the insurance company in the event that the borrower defaults; is not backed by any government agency; is usually required when a down payment of less than 20% is put on real estate or a home purchased
Probate	The court proceedings to prove that a will is valid
Procuring cause	The action or person who brings about the desired result; e.g., under an open listing, the broker who brings in the buyer who actually purchases the property
Promissory note	A written promise to pay a specified amount of money in a designated period of time, which is also transferable to a third party
Prorate	To divide the proportionate share of existing expenses on a piece of property between the seller and buyer, e.g., taxes owed at the time of a transfer of title from the seller to the buyer
PUD (Planned Unit Development)	A multi-unit property or subdivision that includes common property that is owned and maintained by a homeowners' association, for the use of the individual owners
Purchase and sale agreement	A written contract signed by the buyer and seller that states the conditions under which a property will be transferred or sold
Purchase money mortgage	An agreement whereby financing provided by the seller is included in the purchase price

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

Real Estate Tips Selling Your Home >Selling Selling Sold Although your real estate agent is responsible for marketing your property, it requires a joint effort to get your home sold. How can you empower your agent? It is very important that you feel absolutely confident in your agent's ability to produce results--no matter what the market is like in your area! This may sound like stating the obvious, but it is important to let your real estate agent know you trust them to get the job done. Support that trust by putting a realistic price tag on the property and keeping it in prime showing condition. Work out showing agreements that will make it easy for agents to preview or show your home. Meet periodically to discuss any feedback from buyers who have seen your home to determine how you can improve its appeal. Don't hesitate to share any ideas you may have about marketing your home. I will try anything that works, and have received some very good suggestions from clients. See All Tips In The "Selling Your Home" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories > Real Estate Trivia Q  What island in the St. Lawrence River was given away on a television game show in 1964? A  Price is Right Island was given away by Bill Cullen on "The Price is Right." See More Real Estate Trivia >

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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 mobile: 209-337-8172 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 www.PremierValleyRealEstate.com is brought to you by Diane Broussard and Andy Hall Team, real estate for El dorado Hills, Shingle Springs, Cameron Park, Wilton and Galt, California Read Diane Broussard and Andy Hall Team's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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