Real Estate

What is average? An average is a statistical number the is calculated by adding all numbers in a set and then dividing the sum by […]

What is arm’s length transaction ? An arm’s length transaction is a transaction where a buyer and seller have equal bargaining powers about the price

What is an addendum? An addendum is a document that is added to the sale and purchase agreement to cover terms that are not included

Active contingent a.k.a active with contingencies is a type of sale status that means that the seller has accepted an offer from a buyer. However,

What is active status? The active status of a property on the market means that the property is currently available for sale. When you are

What is absorption rate? The absorption rate is the rate at which houses are sold in a particular market at a give time. This rate

What is an abnormal transaction ? An abnormal transaction is a sale of a property that is unusual compared to what it could have been

What is assessor parcel number? An assessor parcel number is a unique number that a tax assessor assigns to a parcel or a property in

What does subject to inspection means? The subject to inspection a.k.a “submit offers subject to inspection” is an agreement between a home seller and a

What is a rent-back? Rent-back is an agreement between a home buyer and a seller that lets the seller stay in the house for a