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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

U

Underwriting

The process of analyzing a borrower's capability to honor repayment of a loan (evaluating his or her credit, assets, employment) along with the value of the property being purchased, to help minimize the risk involved for the party lending the purchase money

Unilateral contract

A one-sided contract in which only one party is legally under obligation by the terms of the contract; one party promises an action to the second party, who is not legally required to respond, but if the second part does comply, then the first party is obligated to honor the promise made

Unsecured loan

A loan that is not guaranteed by collateral

Usury

The act of charging more than the maximum rate of interest permitted by law

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

Pricing >Sellers Beware

Here is a scenario for sellers to avoid. You contact a real estate agent to list your home and the agent suggests that you might get more for your house than comparable homes on the market. The agent assures you that it only takes finding one person who is willing to pay your price!

Some agents approach a listing appointment as if they are bidding for your home. The unfortunate result is that you start out with an unrealistic opinion of your home's value. There is often a strong temptation to work with a person who says what you want to hear. An experienced, reputable real estate agent will back up their opinion of your home's value with hard data. The agent should give you information about the listing price of homes that are currently on the market, and recent selling prices of similar properties in your immediate area.

Even the most heroic marketing efforts won't work on a property that is obviously overpriced, (except in the most exaggerated of seller's markets.) Even if you find a buyer who is willing to pay more than your home is worth, the sale could fall apart when the appraisal comes in lower than the agreed-upon price. Listen to everything, but be careful!

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Real Estate Trivia

Q 
Where are church services held in the water each Sunday during July and August?

A 
At Half-Moon Bay, Ontario, worshippers gather in boats facing the natural stone pulpit, and hymnals are passed to the floating congregation by ushers in canoes.
See More Real Estate Trivia >

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
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

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