Real Estate

What does coming soon mean? Coming soon is a listing status that means that the house is not yet on the market but will be […]

What is closing disclosure? A closing disclosure is a final statement provided by the moneylender that covers loan terms and closing costs, payments, etc. The

What is certificate of occupancy? When a home is built or repurposed it must be certified before people live in it. A certificate of occupancy

What is capitalization rate? The capitalization rate a.k.a cap rate is a metric used in real estate to measure the expected rate of return on

What is the meaning of the building codes? Building codes a.k.a building regulations is a set of rules set by the local government that governs

What is a broker Price Opinion? Before properties go on the market, their values must be estimated. One of the many methods sellers use is

What is a bridge loan? A bridge loan is a short-term loan that individuals, investors, and companies use until they achieve their long-term financing. Bridge

What is NOI? The net operating income measures the ability of a real estate investment to generate cash flow from its operations, according to ValuePenguin.

What is a backup offer? A backup offer is a listing status that indicates that the seller of the property has accepted an offer from

What is auction? An auction is an event that is help publicly where properties and other assets are sold to the highest bidder. A lot